An industry-led taskforce has been set up and tasked with producing a blueprint and action plan to develop New Zealand's capital markets.
The Capital Market Development (CMD) Taskforce will look at the current state of our capital markets, the international context, future risks and opportunities and key changes necessary to deliver the best possible financial system for New Zealand. The taskforce has approximately a year to develop and prepare its blueprint and action plan.
The July 2009 progress report, sets out the Taskforce’s framework, the major issues facing New Zealand's capital markets, and the shape of its final reports in December 2009.
The report also found that there is no analyst research available on 42 % of the companies listed on the NZX and a further 13 % of NZX companies only had one or two analysts covering them. View the Progress Report July 2009 on the Capital Market Development Taskforce homepage.