MINSK, 22 October (BelTA) – The Belarusian Currency and Stock Exchange (BCSE) plans to launch a financial marketplace on 15 December, Chairman of the BCSE Board Andrei Aukhimenya said at a press conference, BelTA has learned.
According to him, in line with the National Security Concept of Belarus adopted at the Belarusian People’s Congress in last April, the exchange aims to increase the use of equity capital markets. "This means that shares should be traded more actively on the BCSE. Enterprises should not only look for loans and traditional financial instruments, but also issue shares and debt bonds, that is, attract funds from the public and other companies, not just from banks," he emphasized.
In addition, a concept for the development of the stock market until 2040 has been drafted, providing for market activation and the wider use of shares and bonds. An important goal is to increase the prosperity of citizens, so that they have more resources and lead more financially secure lives.
In this regard, the exchange decided to create a new platform: a financial marketplace. “Why is this needed? Today, the financial market has many players: 20 banks, more than 20 insurance companies, 45 professional participants, and about 100 leasing companies. It is difficult for citizens to approach each of them directly to choose a financial product. The marketplace is being created as a centralized platform where all available services can be reviewed and obtained in one place,” Andrei Aukhimenya explained.
This year marks the beginning of the platform's launch. At this time, there will not be a secondary market on the platform, but it will be possible to buy shares and bonds. In order to protect investors from unreliable investments, only securities that have gone through the listing process and are included on the exchange's quotation lists will be available. Securities that are not on the lists, or those that do not provide reports or analysis, will be listed in a separate "third" category. They can technically be traded, but they cannot be purchased through the platform.
“Thus, only securities that have undergone strict financial checks and are included in the first or second quotation list can be purchased. This ensures the financial stability of issuers, as they provide quarterly financial information and are not hesitant to make it available for analysis. If a company fails to meet these requirements, its securities will be removed from the list and automatically removed from the market,” Andrei Aukhimenya noted. “This platform will allow citizens to study, select, and purchase specific shares and bonds. In the future, the range of financial products available on the platform will be expanded.”
The marketplace is scheduled to launch at finmarket.by on 15 December. Access will be available through the BCSE website or directly through a browser. The BCSE is currently working with issuers to select reliable and attractive securities for investors. There is a clear interest among Belarusians to invest: in the first three quarters of this year, the market grew by more than 20% year-on-year. Despite the introduction of new instruments, the traditional stock market remains popular due to reduced risks and tighter control over issuance documents and disclosure information, the BCSE head emphasized.
According to him, in line with the National Security Concept of Belarus adopted at the Belarusian People’s Congress in last April, the exchange aims to increase the use of equity capital markets. "This means that shares should be traded more actively on the BCSE. Enterprises should not only look for loans and traditional financial instruments, but also issue shares and debt bonds, that is, attract funds from the public and other companies, not just from banks," he emphasized.
In addition, a concept for the development of the stock market until 2040 has been drafted, providing for market activation and the wider use of shares and bonds. An important goal is to increase the prosperity of citizens, so that they have more resources and lead more financially secure lives.
In this regard, the exchange decided to create a new platform: a financial marketplace. “Why is this needed? Today, the financial market has many players: 20 banks, more than 20 insurance companies, 45 professional participants, and about 100 leasing companies. It is difficult for citizens to approach each of them directly to choose a financial product. The marketplace is being created as a centralized platform where all available services can be reviewed and obtained in one place,” Andrei Aukhimenya explained.
This year marks the beginning of the platform's launch. At this time, there will not be a secondary market on the platform, but it will be possible to buy shares and bonds. In order to protect investors from unreliable investments, only securities that have gone through the listing process and are included on the exchange's quotation lists will be available. Securities that are not on the lists, or those that do not provide reports or analysis, will be listed in a separate "third" category. They can technically be traded, but they cannot be purchased through the platform.
“Thus, only securities that have undergone strict financial checks and are included in the first or second quotation list can be purchased. This ensures the financial stability of issuers, as they provide quarterly financial information and are not hesitant to make it available for analysis. If a company fails to meet these requirements, its securities will be removed from the list and automatically removed from the market,” Andrei Aukhimenya noted. “This platform will allow citizens to study, select, and purchase specific shares and bonds. In the future, the range of financial products available on the platform will be expanded.”
The marketplace is scheduled to launch at finmarket.by on 15 December. Access will be available through the BCSE website or directly through a browser. The BCSE is currently working with issuers to select reliable and attractive securities for investors. There is a clear interest among Belarusians to invest: in the first three quarters of this year, the market grew by more than 20% year-on-year. Despite the introduction of new instruments, the traditional stock market remains popular due to reduced risks and tighter control over issuance documents and disclosure information, the BCSE head emphasized.
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