VIII International Conference «Capital market of the Republic of Uzbekistan»

Representative, National Agency of Perspective Projects of the Republic of Uzbekistan
Representative,, Universalbank

Section description:

Over the past year, Uzbekistan's capital market has entered one of the most dynamic phases of its development. New legislative initiatives, an evolving regulatory framework, the expansion of the regulatory sandbox, the introduction of new financing instruments, and a strong focus on attracting international investors are reshaping the country's financial market.

This plenary session will explore the latest regulatory developments, the government's strategic priorities for capital market development, the evolution of market infrastructure, the impact of ongoing reforms on the investment climate, and the role of the capital market in supporting economic growth and state privatization initiatives.

Participants invited to the section include:

Representative, National Agency for Prospective Projects of the Republic of Uzbekistan
Representative, JSC “Central Securities Depository”
Representative, Tashkent Republican Stock Exchange (RFB “Toshkent”)
Representative, Uzbek Republican Currency Exchange
Representative, Central Bank of the Republic of Uzbekistan

Section description:

This session will provide a practical overview of Uzbekistan's local capital market and the most significant transactions completed over the past year. Experts will discuss developments in the corporate bond market, the country's first securitisation transactions, the launch of foreign currency-denominated bonds, investor demand, and the key factors affecting secondary market liquidity.

The discussion will also focus on the leading issuers, new financing opportunities for businesses, the role of banks and investment firms in market development, and the outlook for innovative financial instruments that can broaden investment opportunities for both domestic and international investors.

Section description:

As Uzbekistan continues to liberalize its economy, the country is creating new opportunities for international investors and strengthening its integration into global capital markets. The expansion of the regulatory sandbox, the introduction of innovative financial instruments, cooperation with international financial institutions, and the development of the Tashkent International Financial Centre are opening new avenues for cross-border investment.

This session will examine the key drivers of foreign investment, successful international partnerships, regional integration initiatives, and the expectations of global investors regarding market infrastructure, regulation, transparency, and corporate governance.

Section description:

Uzbekistan's financial sector is rapidly embracing new areas of development, including Islamic finance, digital assets, tokenisation, and financial technologies. The government continues to build a modern regulatory framework while market participants test innovative business models through the regulatory sandbox.

During this session, speakers will discuss the prospects for Sukuk issuance and the development of Islamic banking, practical applications of digital financial services, tokenisation of real-world assets, the evolution of the digital asset ecosystem, and the growing role of fintech companies in transforming Uzbekistan's capital market.