By Andrei Skvarsky.
Investment professionals from more than 20 countries were among the more than 1,900 participants in an annual conference in Moscow on April 12 that was hosted by Moscow Exchange and had key Russian ministers and the Russian central bank governor among its speakers.
Proposed ways to stimulate economic growth in Russia without fuelling inflation or making excessive debts were the subject of the first session of the generally upbeat seventh Moscow Exchange Forum.
The session was a panel discussion where the panellists were Deputy Prime Minister Arkady Dvorkovich, Finance Minister Anton Siluanov, Central Bank governor Elvira Nabiullina, Energy Minister Alexander Novak and one of the directors of Russia’s Alfa-Bank, Pyotr Aven.
The session was moderated by former finance minister Alexei Kudrin, who is chairman of Moscow Exchange’s supervisory board in addition to various academic and public engagements.
Prospects for privatisation and suggestions for raising productivity in the economy and improving corporate governance were on the agenda of a panel discussion entitled “International Investors and Corporate Russia: Can a Match Be Made?”.
The panel in a simultaneous session moderated by the bourse’s chief executive, Alexander Afanasiev, delved into the potential of state regulation as a stimulus to domestic and foreign investment in Russia.
Other panel sessions focused on new products and services offered by Moscow Exchange, on market connectivity, on technological matters, and on developments at the central securities depository.
The forum programme included one-to-one meetings for 41 Russian companies listed on Moscow Exchange. About 150 investment professionals from about 70 funds of more than 20 countries were expected to attend the meetings, co-organised by Moscow Exchange and Credit Suisse, the bourse said in a statement.
Credit Suisse was a partner of the forum, which took place at the sumptuous Ritz-Carlton hotel within walking distance of Red Square, where US President Barack Obama stayed during his visit to Moscow in 2009.
Moscow Exchange hosted similar forums in New York in September, in Shanghai in November and in London in December.