国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Uzbek president orders removal of barriers to developing stock market

Source: Xinhua| 2019-10-08 17:22:28|Editor: Yurou
Video PlayerClose

TASHKENT, Oct. 8 (Xinhua) -- Uzbek President Shavkat Mirziyoyev has instructed to revise the legislation and scrap unnecessary restrictions that were restraining the country's stock market from developing, the president's press service said Tuesday.

At a government meeting, the president noted that the mechanism for issuing securities and selling them on the stock market is not being efficiently used, and there were about 100 regulations and many restrictions which are still hampering the sector, the press service said.

The total value of shares in the stock market is barely 6 percent of the country's GDP, which is far behind other countries. The president instructed that a stock market development strategy for 2020-2025 be formulated, which would bring the volume of freely traded securities to 10-15 percent of GDP.

Uzbekistan has resumed the issuance of government bonds after a long break, however, they were sold only to banks through the currency exchange and the number of professional stock market participants is below 100.

The state owns 85 percent of the shares of 605 joint-stock companies. Of these, only 5 percent shares of 105 companies are traded on the stock market.

The president also noted the need to strengthen the protection of the rights of investors and minority shareholders, to improve the procedure for payment and collection of dividends, according to the press service.

The government was tasked to improve corporate governance, switch to international standards of financial reporting and international audit.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001384561241
主站蜘蛛池模板: 吉首市| 尉犁县| 松江区| 齐河县| 于都县| 宣武区| 邳州市| 北京市| 来宾市| 华蓥市| 丰顺县| 运城市| 延吉市| 和田市| 惠州市| 阳江市| 永平县| 松溪县| 连州市| 和政县| 永修县| 永仁县| 阜城县| 铁力市| 河源市| 湖口县| 黎川县| 枝江市| 天峨县| 饶河县| 长宁区| 上饶市| 读书| 仁布县| 璧山县| 石门县| 大洼县| 合作市| 衡水市| 岑巩县| 长岭县|