The article is devoted to the development of IT-sector enterprises in the Republic of Kazakhstan and measures of financial state support. Problems in obtaining state grants for projects in the field of information technology, unavailability of bank credit due to high interest rates, and insufficient state support for the IT sector are identified. The indicators of the share of the information technology sector in the gross domestic product of foreign countries, the volume of the market of information and communication technologies in Kazakhstan are analyzed. The number of operating companies in the territory of the Republic of Kazakhstan in the field of information and communication is given, the largest taxpayers of Kazakhstan among IT enterprises are identified. The issues of attracting investment in the development of the country's IT sector, which is becoming more and more attractive for business, are considered. The analysis showed that in Kazakhstan there is a problem of insufficient state financial support for the IT sector, which does not allow companies operating in this area to achieve high profitability.

Жетысуский государственный университет имени И. Жансугурова (Талдыкорган, Республика Казахстан)В условиях снижения эффективности банковского сектора ключевым источником финансирования бизнеса и драйвером роста экономики Республики Казахстан на современном этапе может выступить фондовый рынок. Тем не менее банки являются одновременно основными участниками фондового рынка. В статье рассмотрены некоторые внутренние показатели банковского сегмента, которые негативно влияют на реальный сектор экономики и финансовый рынок. Среди них -увеличение проблемных кредитов. Определено, что чем выше уровень глубины финансовых отношений, тем меньше показатель неработающих кредитов (NPL), а диспропорции в кредитовании экономики Казахстана усиливают потенциальную инфляцию и др. Проанализирована с помощью корреляции теснота связи между повышением уровня инфляции и увеличением денежной массы, а также ростом денежной массы и индексом потребительских цен. В статье на фоне дестабилизации банковского сектора представлена также динамика развития фондового рынка и его активизация в условиях либерализации деятельности и стимулирования его основных участников.Ключевые слова: банковский сектор, фондовый рынок, ссудный портфель, активы, Казахстанская фондовая биржа, капитализация.

The purpose of this paper is to conduct research on the effectiveness of the banking market regulation and the development of some proposals in the field of forming a stable and efficient banking system capable of rationally managing capital flows. An analysis of the practice of prudential regulation of second-tier banks was conducted. Its weaknesses in terms of information disclosure are identified, which allows a formalized approach to meeting the requirements of the regulator. Underestimated risks that form a misconception of the regulator about the state of the banking sector were identified. It was proposed to conduct a parallel assessment of the credit risk’s level by the regulator, based on our own motivated judgment, and also as an indicator reflecting the negative impact of macroeconomic shocks, to use not only the capital of banks, but also the level of non-performing loans.

Р е д а к ц и я к е ң е с і: Молдова Республикасының ҰҒА академигі Белостечник Г. (Молдова); Әзірбайжан ҰҒА академигі Велиханлы Н. (Азербайджан); Тәжікстан ҰҒА академигі Назаров Т.Н. (Тәжікстан); Молдова Республикасының ҰҒА академигі Рошка А. (Молдова); Молдова Республикасының ҰҒА академигі Руснак Г. (Молдова); Әзірбайжан ҰҒА корр. мүшесі Мурадов Ш. (Әзірбайжан); Әзірбайжан ҰҒА корр. мүшесі Сафарова З. (Әзірбайжан); э. ғ. д., проф. Василенко В.Н. (Украина); заң ғ. докт., проф. Устименко В.А. (Украина) «Қазақстан Республикасы Ұлттық ғылым академиясының Хабарлары. Қоғамдық және гуманитарлық ғылымдар сериясы».

This article an attempt was made to assess the entry of the Moscow Exchange in the capital of the Kazakhstan Stock Exchange as one of the alternative ways to enhance the country rankings of Kazakhstan and entering developing countries. For the study, methods of cognition, economic analysis and comparisons, study of documents, etc. Materials were used. An institutional approach was also applied, and in assessing country risk were used by the methods of widely well-known international rating agencies MSCI and FTSE Group. The scientific and information base was scientific publications of foreign and domestic scientists, as well as regulatory acts of Kazakhstan. Based on monitoring and analyzing existing country risk calculation methodologies, the MSCI indices, according to which the Republic of Kazakhstan in 2017 are chosen as banchmark. Awarded the «Frontier Market» rating. The key goals of cooperation and the entry of the Moscow Exchange in the capital of the Kazakhstan Stock Exchange were revealed. A qualitative and quantitative analysis of the Investor Base of the Moscow Exchange for the attractiveness of assets as a key determinant of its liquidity is carried out. It was concluded that according to the current market position, the influx of even 1% of the average monthly trading volume of retail investors on MOEX (20 billion tenge) on the KASE stock exchange market will lead to an increase in the volume of trading in KASE individuals four times.