Sharechat Logo

Taskforce to ponder ways to deepen capital markets

Monday 21st July 2008

Text too small?
New Zealand's government has named a taskforce to consider ways to deepen the nation's capital markets and ensure they contribute to economic growth.

The taskforce is a result of an investment forum in November which concluded New Zealand has a relatively illiquid stock market below the handful of largest companies, an immature venture capital market and a thin market for corporate debt.

"To deliver wealth and jobs, New Zealand firms need ready access to affordable capital," Commerce Minister Lianne Dalziel said in a statement "We must continue to develop the breadth and depth of our capital markets."

Rob Cameron, partner at Wellington-based investment bank Cameron Partners, was named chairman of the taskforce, whose members include Fletcher Building chief executive Jonathan Ling and NZX CEO Mark Weldon.

The taskforce, which answers to a group of senior ministers led by Finance Minister Michael Cullen, is to develop an action plan in time for a late 2009 release.

By Jonathan Underhill

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Property for Industry Limited (NZX: PFI) Strong Valuation Outcome, Penrose Acquisition
3rd December 2021 Morning Report
Fonterra Shareholders Fund (NZX: FSF) Fonterra provides Milk Price, earnings and Q1 update
Kiwi Property Group Limited (NZX: KPG) Signs Sale and Purchase Agreement with IKEA
2nd December 2021 Morning Report
The New Zealand Refining Company Limited (NZX: NZR) Launches Share Purchase Plan
Seeka Limited (NZX: SEK) Confirms Market Guidance
Australia and New Zealand Banking Group Limited (NZX: ANZ) Acknowledges Class Action Proceedings
1st December 2021 Morning Report
Livestock Improvement Corporation Limited (NZX: LIC) Appoints New Chief Executive