QCB third financial sector strategy aims developed market status for QSE| Gulf Times – Gulf Times

QCB third financial sector strategy aims developed market status for QSE| Gulf Times – Gulf Times

Doha aims to achieve developed market status by developing a competitive and innovative capital market through deepening the financial offerings, including more equities as well as debt and ESG (environment, social and governance) bonds, according to the Qatar Central Bank (QCB).The recently released third financial sector strategy seeks to develop a sustainable and efficient capital market operating model that is responsive to market requirements.The QCB strategy aims to enhance the regulatory framework and rulebooks to reach developed market status for Qatari capital markets to attract wider audiences of domestic and international investors as part of efforts to enhance the share of transactions from institutional investors to the total.The aim is to ensure that Qatar’s capital market leads the region in innovation and efficiency and drives national development by improving liquidity and velocity levels through enhanced regulatory framework, state-of-the art capital markets infrastructure, including electronic trading platforms and cloud computing facilities and ensuring data accessibility.The financial sector strategy seeks to achieve the goals “through seven initiatives and 50 action items, including 23 priority ones.”The QCB, in association with the Qatar Stock Exchange (QSE), is aiming to increase the liquidity and breadth of the capital markets through new listings and availability of