COLOMBO (EconomyNext) – Sri Lanka’s stock exchange will host a forum of South Asian securities exchanges in Colombo starting next Sunday where common standards in listing, trading and accounting will be discussed.
The South Asian Investment Conference will be held jointly by the Colombo Stock Exchange (CSE) in association with the South Asian Federation of Exchanges (SAFE) on April 26th and 27th.
The SAFE Annual General Meeting will place at the same time, the CSE said in a statement.
“SAFE seeks to promote South Asia as an important asset class and investment destination," declared Muhammad Abdul Mazid, chairman of SAFE.
"Robust market infrastructure coupled with the potential for the future domestic growth, mark South Asia as one of the most attractive emerging investment markets of the World.
"Therefore through each subsequent conference we hope to take greater strides in collectively uplifting regional standards.”
Sri Lanka’s Finance Minister Ravi Karunanayake, Deputy Minister of Policy Planning, Economic Affairs, Child, Youth and Cultural Affairs Harsha De Silva, Chairman of the Securities and Exchange Commission of Sri Lanka Tilak Karunaratne and Chairman of the CSE Vajira Kulatilaka will attend.
Chairmen, chief executives and senior representatives of 14 member stock exchanges from India, Pakistan, Bangladesh, Nepal, Mauritius, Maldives, United Arab Emirates and Bhutan will be attending the conference.
Investment bankers and stock brokers from the region and stock exchange technology providers will also attend the event, along with a delegation from the China Kunming International Logistics and Finance Association from the Yunnan Province in China.
SAFE is a regional platform of Exchanges within the SAARC (South Asian Association for Regional Cooperation) Region providing a forum to promote the exchange of technology and experiences.
It aims to support the growth and development of capital markets within the region, while also increasing regional and global integration.
"The conference would provide an opportunity to share operational experiences in formulating common standards for listing, trading, clearing, settlement and investor protection and best practices in accounting standards and regulation," the statement said.
“The CSE was proud to host the first AGM of SAFE as a founder member nearly 14 years ago and we are happy to be able to facilitate this conference for regional integration and investment in order to create a stronger network of regional ties between stock exchanges," Vajira Kulatilaka, chairman of CSE said.
“SAFE believes in the development of our human capital alongside regional market infrastructure," Secretary General of SAFE Aftab Ahmad said.
"We facilitate education and awareness in the region through publications, seminars and conferences and provide facilities for educational and skills development, human resources training and the spread of capital market knowledge in the region.