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FUND MARKET DEVELOPMENT POSSIBILITIES AND SIGNIFICANCE
Nishanova Nargiza Burkhonidinovna
Abdurahmanova Zulayho Olimjanovna
Creative school named after Isokhon Ibrat in the
system of the Agency of Specialized Educational Institutions under the Ministry of
Preschool and School Education of the Republic of Uzbekistan
nishanovanargiza8@gmail.com
https://doi.org/10.5281/zenodo.14875543
Abstract:
World experience shows that the most important indicators associated with the
level of economic development of countries and high per capita national income, including (a
large number of types of securities traded on the stock market and high liquidity, high dividend
policy in joint-stock companies (JSCs), and improved stock exchange trading systems), are
explained by the high level of development of the stock market, in particular, the high share of
capitalization of the stock market (SMP) in relation to the volume of gross domestic product
(GDP).
Keywords:
digital economy, innovations, technologies, e-government, economic growth,
stock market, dividend policy, stock trading systems.
Introduction:
The stock market is an important component of the economy, playing a major role in
attracting investments and allocating financial resources. Through it, the capital market
develops and financial stability is ensured in the country's economy. This article discusses the
opportunities for developing the stock market and its impact on the economy.The importance
of developing the stock market.Through the development of the stock market:The
opportunities for corporations to raise capital increase;The opportunities for investors to earn
income expand;Financial stability is ensured in the economy;Contribution to the creation of
new jobs; Increase in state budget revenues; Strengthen the stability of the national currency;
A significant impetus to economic growth is given. Development opportunities Improvement of
legislation and regulation Modernization of laws regulating the stock market; Strengthening
mechanisms for protecting the rights of investors; Simplify the licensing process for the stock
market; Strengthen the state control and guarantee system. Use of digital technologies
Development of electronic trading platforms; Use of blockchain and smart contracts; Expansion
of mobile applications and online
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platforms for investors; Creation of a digitalized stock
market infrastructure. Raising the level of education and awareness for investors Organization
of financial literacy programs for the population and entrepreneurs; Providing information
about the stock market in an accessible and transparent manner; Introduction of financial
literacy courses in educational institutions; Conducting online courses and trainings for
investors.Attracting foreign investment Creating a favorable environment for nternational
investors; Integration of the national market with international stock markets; Development of
tax incentives and other incentive measures; Strengthening mechanisms for cooperation
between the public and private sectors. Developing corporate governance Increasing corporate
1
Mirziyoyev SH.M. 2022 yil 28 yanvardagi PF-60 sonli «2022 - 2026 yillarga mo‘ljallangan yangi
O‘zbekistonning taraqqiyot strategiyasi to‘g‘risidagi farmoni
Mirziyoyev Sh.M. Fond bozorini rivojlantirish masalalariga bag‘ishlangan yig‘ilish bayonoti. 2019 yil 7
oktyabr.
http://xs.uz/uzkr/post/fond-bozorini-rivozhlantirish-masalalari-muhokama-qilindi.
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transparency for companies; Improving reporting standards in joint-stock companies;
Strengthening the external audit system; Introducing high-standard management practices for
market participants. Introducing new financial instruments Developing diversified investment
products; Developing new financial mechanisms for issuers; Increasing access to innovative
assets for investors. The development of the stock market ensures sustainable economic
growth. This market can be further developed by improving legislation, using digital
technologies, improving the investment climate, and developing corporate governance.
Therefore, it is important to implement comprehensive measures in this direction. The market
can also be further expanded by attracting foreign investment and introducing new financial
instruments. Introduction of digital technologies. Development of electronic trading platforms.
Use of innovative technologies such as blockchain and smart contracts. Introduction of mobile
applications and online services. Increasing financial literacy Organization of financial
education programs for the population and business entities. Providing open information about
the stock market to the general public. Introduction of courses on the stock market in
universities. Attracting foreign investments Integrating the national stock market with
international financial markets.
Creating a favorable environment for investors through tax incentives and other incentive
measures. Cooperation with international rating agencies. Development of new financial
instruments Offering diversified products (ETFs, bonds, IPOs) for investors. Development and
introduction of relevant financial mechanisms. Consideration of opportunities for local
companies to issue shares on international markets.
A comprehensive approach is required to develop the stock market. The stock market can
be further developed by improving legislation, using digital technologies, creating a favorable
environment for investors and increasing financial literacy. It not only helps the economy to
grow, but also contributes to the welfare of the people.
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