Capital markets under review
Capital Markets 2029 is designed to deliver a 10-year vision and growth agenda for the sector.
Capital Markets 2029 will consider the current framework and broader ecosystem of New Zealand’s capital markets and outline recommendations for the creation of wider, more active participation and increased diversity of product.
The stock exchange operator said in a statement that while capital markets had performed well in a number of areas, such as KiwiSaver and debt issuance, equity listings have remained subdued, and listed equity market is under developed relative to global peers.
In the year to October 30, the NZX had just one primary equity listing. NZX chief executive Mark Peterson said: “Healthy capital markets are essential for New Zealand’s economic growth. Capital Markets 2029 will bring the capital markets community together to create a 10-year vision and growth agenda for our industry.”
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