Kathmandu. Kathmandu: Leaders of the stock investors have expressed confidence that the restructuring of the Nepal Stock Exchange (NEPSE) will gain momentum.
Newly appointed CHIEF Executive Officer Chudamani Chapagain expressed his confidence at the NEPSE office on Friday while extending best wishes to the acting president of Stock Investors Association Nepal Tara Prasad Fulel, General Secretary of Nepal Capital Market Investors Association SP Chaulagain and President of Independent Capital Market Investors Association Rohan Karki. “Although the restructuring process of NEPSE has been pending for a long time, recent decisions seem to have accelerated it,” said a memorandum jointly submitted by the three organisations to CHAPAGAIN, adding that efforts are being made to make NEPSE modern, transparent and competitive through private sector participation, capital enhancement plans and institutional reforms. We would also like to wish that nepse should be successful in implementing the restructuring as soon as possible by addressing the disputes and challenges seen in this process. ’
Investors hope that Chapagain’s tenure will promote capital market transparency, technological modernization, institutional good governance, and investor-friendly environment, as well as long-term stability in the market and increase investor confidence. “We are hopeful of qualitative improvement in the market, especially through policy clarity, effective regulation and implementation of latest technologies,” the memorandum said.
Investors have wished that the capital market should reach the citizens of all sections and geographies of the country, protect the interests of the investors and play a more effective role in the economic prosperity of Nepal. “We wish you a successful, prosperous and historic tenure,” reads the memorandum.
Investors believe that CEO Chapagain’s long experience in the capital market and financial sector, clear policy vision and visionary leadership will make significant progress towards making not only NEPSE but the entire Nepali capital market system internationally competitive, reliable and transparent.
NEPSE has been managing the transactions of financial instruments including shares, debentures, mutual funds. Through a technology-based, transparent and secure transaction system, NEPSE has been playing an important role in providing a formal platform to investors and maintaining monitoring of listed companies, transparency of information and market stability. Under chapagain’s successful leadership, the investors expressed confidence that the Nepali capital market would become more robust, reliable and competitive at the international level.
According to the memorandum, Nepal’s capital market has been contributing significantly to the economic development of the nation. “The government has been collecting significant revenue under various heads including capital gains tax, dividend tax and trade tax from the transactions carried out through NEPSE,” reads the memorandum. 80 and 2080. The state has collected more than Rs 16-17 billion in revenue from the capital market in 1981 alone. This sector has not only helped increase the revenue of the state, it has also expanded financial access and provided investment opportunities to the common people. ’
According to investors, nepse’s leadership role, regulation and infrastructure strengthening have played a significant role in expanding the scope of the capital market and increasing transparency. “It cannot be denied that the capital market has become an important cornerstone of the country’s sustainable economic development due to the expansion of the market and the promotion of collective investment plans in recent times,” the memorandum said.
Outgoing President of Nepal Investors Forum Chhote Lal Rauniyar and other investors were also present in the meeting.
