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The Australian Securities Exchange (ASX) is hosting the 30th General Assembly of the Asian and Oceanian Stock Exchanges Federation (AOSEF) in Sydney today, 29 March 2012.
Around 40 local and international delegates, including chairmen and chief executives, from 15 exchanges have gathered to share their views and discuss challenges for the securities markets in the region. Agenda topics include the consideration of a new roadmap for AOSEF; how AOSEF exchanges are addressing competition and cooperation issues; and the development of the SME market and its corporate governance.
Key objectives of AOSEF are to provide networking opportunities and promote mutual assistance among its member exchanges. Such cooperation is beneficial to developing the capital markets of the region. AOSEF is also determined to enhance its advocacy role and reach out to other regional and international exchange federations, regulatory bodies and market participants.
The General Assembly will be opened by ASX Managing Director and CEO, Elmer Funke Kupper, with keynote speeches to be delivered by Australian Securities and Investments Commission Chairman, Greg Medcraft, and Chief Executive Officer of the Australia and New Zealand Banking Group, Michael Smith.
Mr Funke Kupper said: “ASX is delighted to be hosting leaders from the region’s securities exchanges at a time when Australia is seeking to improve its engagement with Asia and better understand its role in the Asian century.
“Australia’s participation in AOSEF helps develop deeper partnerships with the region, the fastest growing economically in the world. In contrast to major financial centres, Australia’s capital markets are domestically focussed. A strategy of greater integration is the best way to deliver long-term prosperity to Australia and the region. The exchange cooperation promoted by AOSEF makes a meaningful contribution to achieving this.”
AOSEF meets annually at a pre-determined venue provided in rotation by member stock exchanges. The previous General Assembly, in Bali, Indonesia, welcomed the Hanoi Stock Exchange as a new member. AOSEF’s members now number 19 exchanges. The 31st AOSEF General Assembly will be hosted by the Shenzhen Stock Exchange in Shenzhen, China, in April 2013.
The exchanges taking part in the 30th AOSEF General Assembly in Sydney are:
- Australian Securities Exchange
- Philippine Stock Exchange
- Hanoi Stock Exchange
- Shanghai Stock Exchange
- Ho Chi Minh Stock Exchange
- Shenzhen Stock Exchange
- Hong Kong Exchanges and Clearing Singapore Exchange
- Indonesia Stock Exchange
- The Stock Exchange of Thailand
- Korea Exchange
- Taiwan Stock Exchange
- Mongolian Stock Exchange
- Tokyo Stock Exchange
- National Stock Exchange of India
