On 7 September this year, Cbonds-Congress, a leading provider of business conferences on financial markets, and the National Association of Investment Institutions organised the V international conference "Capital Market of the Republic of Uzbekistan", dedicated to discussing the prospects of reforming the capital market of our country and its rapid development.

This traditional conference gathered capital market regulators, domestic banks, investment and production companies, as well as international financial institutions, rating agencies and many experts in this field.

Alisher Miraliyev, Deputy director of UzSAMA, took part in the event. In his report, Mr. Miraliyev emphasised that in order to transition to a transparent and digital system, the practice of annual disclosure of a consolidated report on the activities of state-owned enterprises has been introduced, and also noted the implementation of the admission of candidates to the Supervisory Board of enterprises with state participation and the appointment of managers of state-owned enterprises on a competitive basis.

It was also informed about the adoption of the Law "On State Property Management" for the first time in the history of independent Uzbekistan, which became the fundamental legal basis for the management of enterprises with state participation, as well as about the development and implementation in practice on the basis of the best international practices, including the corporate governance guidelines of the Organisation for Economic Cooperation and Development of a new version of corporate governance rules, code of ethics and a number of other documents of importance in the direction of the country.

In addition, the conference participants were briefed in detail on the reduction of state participation in our country's economy, as well as on the privatisation programme and the reforms being implemented.

At the event, the participants expressed their confidence that the large-scale reforms implemented in the field of privatisation and the results achieved will serve as a solid foundation for the rapid development of the country's capital market.