Sri Lanka, Oct. 16 -- The Securities and Exchange Commission (SEC) of Sri Lanka plans to significantly expand the nation's capital market by listing the state-owned enterprises (SOEs), demutualising the Colombo Stock Exchange (CSE) and introducing new financial products such as digital assets, Chairman Senior Professor Hareendra Dissabandara announced yesterday.

Speaking at the Asia Pacific Chapter meeting of the Global Alliance for Banking on Values in Colombo, Prof. Dissabandara outlined an ambitious strategy to broaden the country's investor base from its current level of less than one percent of the population to a target of 10 percent within the next decade. He emphasised that developing the capital market is crucial for sustaining ...