Event date: September 10-14, 2025

Venue: Shangri-la Hotel Ulaanbaatar
Olympic Street 19, District-1, Ulaanbaatar 14241, Mongolia

DAY1Wednesday, September 10, 2025
09:30-14:30Pre-Conference Tour
15:00-16:00ASF Pre-Meeting
17:30-20:30Welcome Dinner at the Hun Theatre
DAY2Thursday, September 11, 2025
09:00-09:30Registration
09:30-09:35Welcome Remarks:
Mr. Enkhbat G, Chairman of MASD
09:35-09:40Opening Remarks:
Mr. Tserenbadral T, Commissioner and Vice-Chairman, Financial Regulatory Commission (FRC)
09:40-10:00Keynote:
Last 30 years in capital market in Asia
Mr. Peter Stein, Chief Executive Offi cer of ASIFMA
10:00-10:50Panel Discussion: Three Decades of Progress and Collaboration in Asia's Capital Markets
Panelists:
● Dato’ Dr. Ahmad Azman Dato’ Abdul Manaf, Chairman of Association of Stockbroking Companies Malaysia (ASCM)
● Mr. Dulguun B, Chief Executive Offi cer of MSE
● Jeffrey Goh, Executive Director, Phillip Securities Pte Ltd
● Mr. Uttam Bagri, Former Chairman of Bombay Stock Exchange Brokers Forum (BBF)
Moderator:
● Mr. Mushtaq Kapasi, Managing Director and Chief Representative, Asia-Pacific of ICMA
10:50-11:10Keynote Investment literacy
● Mr. Ganzorig U, Founder/Chairman of Mandal Financial Group
11:10-12:00Panel Discussion: Empowering Retail Investors: Financial Literacy and Inclusive Capital Markets in Asia
Panelists:
● Mr. Ian Leong, Executive Member of The Securities Association of Singapore (SAS)
● Ms. Tiranaprakij Ariya, Senior Executive Vice President of Thai Bond Market Association (ThaiBMA)
● Mr. Motonobu Matsuo, Vice Chairman and Senior Managing Director of Japan Securities Dealers Association
● Mr. Krishnamurthy Suresh, National President of Association of National Exchanges Members of India (ANMI)
Moderator:
● Mr. Urban Funered, Chief Executive Offi cer of ICSA (Swedish Securities Markets Association)
12:00-13:20Lunch
13:20-13:40Ulaanbaatar Declaration signing ceremony and Group Photo/ Speech
Mr. Enkhbat G, Chairman of MASD
13:40-14:30Panel Discussion: The Future of Asia’s Capital Markets: Vision for the Next 30 Years
Panelists:
● Mr. Michael H. Sterzenbach, Secretary General of the Bundesverband der Wertpapierfi rmen e.V. (bwf)
● Mr. Sachin Nair Deputy CEO, Khan Bank (TBC)
● Mr. Lyndon Chao, Managing Director – Head of Equities and Post Trade of ASIFMA
● Mr. Kamlesh Dinesh Shroff, Alternate President of Association of National Exchanges Members of India (ANMI)
Moderator:
● Khulan B, President (acting) of Mongolian Society of Chartered Financial Analysts
14:30-15:00Coffee Break
15:00-16:00Market Report I
1. ANMI (Association of National Exchanges Members of India)
2. APEI (Asosiasi Perusahaan Efek Indonesia)
3. ASCM (Association of Stockbroking Companies Malaysia)
4. ASCO (Association of Thai Securities Companies)
5. ASIFMA (Asia Securities Industry & Financial Markets Association)
6. BBF (Bombay Stock Exchange Brokers Forum)
16:00-16:05Closing Announcement
18:30-21:30Gala Dinner at the Juulchin Ballroom
DAY3Friday, September 13, 2025
09:00-09:30Registration
09:30-09:35Opening Remarks
09:35-10:35
Market Report II
1. CTSA (Taiwan Securities Association)
2. ICMA (International Capital Market Association)
3. JSDA (Japan Securities Dealers Association)
4. KOFIA (Korea Financial Investment Association)
5. MASD (Mongolian Association of Securities Dealers)
10:35-11:35Market Report III
1. PASBDI (Philippine Association of Securities Brokers & Dealers)
2. SAS (Securities Association of Singapore)
3. TCMA (Turkish Capital Markets Association)
4. Thai BMA (Thai Bond Market Association)
5. VASB (Vietnam Association of Securities and Business)
11:35-11:45Introduction of ASF AGM 2026
11:45-11:55Remarks:
Takashi Hibino, Chairman of JSDA
11:55-12:00Clising Remarks
12:00-13:30Lunch
13:30-17:00Mongolia's Capital Market Conectivity Event
18:30-21:00Reception Dinner
DAY4Saturday, September 14, 2025
09:30-15:45Post-Conference Tour

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Our private forum for discussions with ASF team members about Asia-Pacific securities markets and industries

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Our private forum for discussions between ASF members about Asia-Pacific securities markets and industries