Uzbekistan is interested in expanding access to global stock markets

On December 6 of this year, at the Ministry of Investment, Industry and Trade, with the support of the Direct Investment Fund of the Republic of Uzbekistan (UzDIF), a group of Citibank (USA) experts conducted a training to improve the skills of domestic specialists to work in international financial markets, the PR center of the ministry reports.

The training was attended by heads of large companies, stock market participants, representatives of relevant ministries, departments and commercial banks.

The agenda of the seminar included key issues faced by both beginners and experienced participants in stock trading, namely: organizing the issuance of debt (DCM) and equity (ECM) instruments, including initial placement on the public market, issuance of depository receipts (DR) as instruments for trading securities on foreign stock exchanges, as well as legal features of issuing securities.

For reference: Citibank is the largest international bank, founded in 1812, and is a division of Citigroup, a giant international corporation in the field of financial services. Since March 2007, it has been recognized as the largest US bank among holdings. Operates in more than 100 countries around the world.

The training was organized as part of the implementation of the tasks set following the high-level visit to the United States of America in September of this year. During working meetings with representatives of Citibank, held on the sidelines of the visit, agreements were reached on expanding mutually beneficial cooperation in the development of the banking and financial sector, introducing effective tools to increase the attractiveness and liquidity of securities on the stock market, as well as attracting foreign investors to the capital market Uzbekistan.

Citibank Managing Directors, including Kayhan Kopmaz and Armin Lindtner, spoke at the training and shared with participants innovative methods of working in international financial markets.