Kazakhstan presents securities market development plan to 2030

Kazakhstan's banking sector remains stable. Since the start of the year, bank assets have grown by nearly 9%, reaching 76 trillion tenge, while lending to the economy has reached 43 trillion tenge, according to Madina Abylkasymova, head of the Agency for Regulation and Development of the Financial Market.

Abylkasymova presented a securities market development programme to 2030 to deputies of the Kurultai. Its main goal is to expand opportunities to attract long-term financing to the economy alongside bank lending. The document includes seven strategic directions and 35 initiatives. The role of institutional investors will be strengthened, and approaches to managing pension assets will be improved.

The proposals include simplifying companies' entry into the stock market, speeding up the issuance of securities, and creating more flexible placement conditions for medium-sized businesses. Investor rights will be protected and the role of stock exchanges will be strengthened. Deputy Gulnaz Atamkulova said the aim is to examine how businesses can issue shares and bonds and attract funds from citizens.