24 Sep 2019

Breathing life into lacklustre capital market

From Nine To Noon, 9:08 am on 24 September 2019
NZX in Auckland.

Photo: 123RF

What can breathe new life into New Zealand's lacklustre capital markets? The partial float of the Napier Port last week was the first significant listing on the New Zealand stock exchange in two years.The NZX and the Financial Markets Authority commissioned a report on what's undermining the effectiveness of our capital markets, and what the consequences might be of doing nothing. The report makes 42 reccommendations covering KiwiSaver, regulation, public sector assets and infrastructure, promotion of public markets, tax, new products and the impact of technology. Kathryn talks with the chair of the steering group which produced the report - ex investment banker Martin Stearne.