STRATEGY
IMPLEMENTATION REPORT
KASE adopted a development strategy for the next three-year period during the reporting year. The strategy was approved by the Exchange's Board of Directors on May 28, 2019.
KASE's new development strategy is based on the results achieved while implementing the development strategy for 2016-2018, under which the Exchange carried out projects in the following strategic areas:
- development of the exchange market;
- making the Exchange and its services more focused on the customer;
- increasing the efficiency and competitiveness of the exchange business.
When developing new development strategy for 2019–2021, KASE was aligning it with government programs and plans, in particular, with key elements of the Joint Action Plan of the Government of the Republic of Kazakhstan and the National Bank of the Republic of Kazakhstan on the development of the national stock market for 2018–20201, which provides for the improvement of the infrastructure and regulation of the stock market and increasing the competitiveness of the regulated securities market, as well as projects under the strategic partnership with MOEX.
When developing the strategy, the Exchange's mission, key goal, main strategic directions and tasks on their implementation were determined, as well as the Exchange's corporate values as a team aimed at the most effective implementation of the strategy were taken into account.
MISSION:
Promoting economic growth of the Republic of Kazakhstan:
- providing local issuers with a broad range of instruments to raise funds;
- providing a platform for redistributing liquidity in the financial system;
- providing a transparent investment environment for local and foreign investors.
GOAL:
(1) Decree No. 32 of the Government of the Republic of Kazakhstan "On approval of the Joint Action Plan of the Government of the Republic of Kazakhstan and the National Bank of the Republic of Kazakhstan on the development of the national stock market for 2018 – 2021 dated January 25, 2018 // http://adilet.zan.kz/rus/docs/P1800000032
VALUES
INNOVATION, SUSTAINABILITY
AND ADAPTATION TO CHANGES
We work on the principles of innovation and sustainability for the common good, constantly adapting ourselves to changes
RESPONSIBILITY,
PROFESSIONALISM AND QUALITY
We are responsible for our decisions, confirming the professionalism of our team and the high quality of services
COOPERATION, OPENNESS
AND TRANSPARENCY
We work with our partners, customers and each other on the principles of openness and transparency
CARING FOR THE FUTURE AND DEVELOPMENT
We care about the future of our country, customers and employees, creating conditions for development
STRATEGIC
DIRECTIONS AND TASKS
1. IT MODERNIZATION:
- - carrying out phased IT modernization of the trading and clearing systems;
- - implementation of certified protocols for the exchange of market data;
- - introduction of new trading modes on exchange markets.
2. LAUNCH OF THE CENTRAL COUNTERPARTY SERVICES:
- - consistent implementation of the Central Counterparty services for all classes of financial instruments traded on the Exchange.
3. INCREASING LIQUIDITY AND STOCK MARKET DEPTH:
- - enhancing equity market liquidity;
- - stimulating the development of the bond market as an alternative to bank lending;
- - enhancing stock market participation of households;
- - expanding investment opportunities for institutional investors;
- - expanding the investor base by increasing the number of foreign participants;
- - increasing trading volume and expanding the set of instruments in the foreign exchange, money and derivatives markets.
4. IMPLEMENTING SUSTAINABLE DEVELOPMENT PRINCIPLES:
- - increasing the investment value of KASE;
- - improving the quality of risk management, internal controls and audit;
- - increasing the transparency of KASE operations;
- - implementing standards of the environmental-friendly way of doing business;
- - increasing social responsibility.
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