Capital markets expect economic stability, not financial support

According to Tejarat News, last night there was a meeting entitled “Troubleshooting” Capital Market It was held in the presence of the head of the Stock Exchange and Securities Organization and a group of activists and experts in this field.

In this meeting, which was hosted and initiated by the Exchange and Securities Organization, capital market activists, while expressing their problems, were informed about the latest follow-ups and measures taken by the Exchange Organization to solve the problems of this market.

At the beginning, Majid Eshghi, the head of the Stock Exchange and Securities Organization, stated that the purpose of such programs is to hear the challenges and problems of the market and to make decisions with the consent of the parties regarding the process of stability in the stock market. It is not on the side of the government, because now the financial depth of the stock market has reached more than 7,000 billion tomans. At present, our main demand from the government is to create economic stability in order to make companies’ profits predictable.
He said: “After the approval of the 1401 budget, we will definitely take measures so that the figures in the budget bills that affect the manufacturing companies reach a coherence and stability as much as possible, so that we do not see much change in them every year.” .
The head of the stock exchange organization said: “I call on all activists, managers of companies and manufacturing companies to help us in reforming the real components of our economy, because the organization alone will not succeed.”
Eshghi said: “Of course, some of the problems go back to the foundations of the capital market, because now if the company wants to increase capital, it will face many problems due to the provisions of the commercial law and internal processes.”
He said: “If a decision is to be made, its implementation period should definitely not be limited to a limited period, because the stock market does not need housing to cure its pain, but definitive treatment should be considered for it.”

Effective measures of the stock exchange organization in the direction of capital market transparency

In another part of the meeting, Homayoun Darabi, a capital market expert, regarding the transparency of shares in the stock market, said: Now, according to the documents obtained, most companies and firms present in the stock market have submitted significant reports in recent seasons, if If we can implement basic programs to improve the capital market, the market will definitely stabilize.

He added: “Of course, some significant and appropriate measures have been taken to increase transparency in recent times, so that in this regard, companies can publish reports on their property, as well as present the costs of energy consumption that are currently underway.” Is pointed out.

The capital market expert emphasized: Of course, it goes without saying that presenting the companies’ monthly reports has a hidden point called costs, because in the financial statements, despite the amount of production and sales, the costs incurred are not included, which makes it difficult to evaluate.

Mehdizadeh, a capital market expert, continued the meeting: “The country’s economy needs a stable procedure. It can be said with certainty that if this becomes operational, we will see the return of shareholders’ trust in order to invest.”

Reducing economic rents by paying corporate profits through the SJAM system

Ahmad Janjan, a capital market expert, said at the meeting of stock market activists regarding the stock market trend: “According to Note 3 of the Disciplinary Instruction of Publishers, the issuer is obliged to facilitate shareholders’ affairs to perform all its corporate actions, including distribution of profits if approved by the deposit company.” Assign the Central Securities and Settlement Fund to that company.

He emphasized: If the central depository company does not accept the request of the company or firm to pay interest, the issuer is obliged to pay the interest through the announced bank account or intermediary bank account.

The capital market expert said: “These issues are raised while many companies do not take action to pay their profits through SJAM. Payment system does not work, how can other companies be obliged to pay profits through Sajam system.

Janjan stated: Non-payment of interest through SJAM system has created many rents for a long time.

Deposit the profits of seventy other companies through the SJAM system by the end of the year

Regarding the payment of companies ‘profits through the SJAM system, the head of the stock exchange organization said: “Until now, the issue of paying companies’ profits through the SJAM system has faced many problems in terms of infrastructure, but with the follow-up, this issue was resolved, so that So far, 230 companies have paid their profits through this system.

He stated: According to the documents and contracts signed with the Central Depository Company, another 70 companies will pay their interest through this system by the end of the year.

The head of the stock exchange organization emphasized: the issue of arrears deposit also needs the registry infrastructure in the Central Depository Company, which has not been provided yet, but we will do our best to implement this issue as well.

Cyberspace control by self-actors and market experts

Siavash Vakili, a capital market expert, continued the meeting on ways to control cyberspace in order to avoid creating tension in the stock market. In the event of a problem, the person should respond, not let others come and comment on it.

He said: “Even now, in order to organize cyberspace, the organization can form a jury consisting of activists or market experts so that they can manage the space themselves and only submit reports to the legal assistant if the person intends to disrupt the market.” Have stock.

The capital market expert stressed: “Or a license should be granted by the organization to media activists in the field of capital market so that not everyone can easily comment on such a market because issues that are expressed without evidence affect the market atmosphere.”

Holding weekly meetings with observers to organize the capital market

The head of the stock exchange organization continued: “About 17 years ago, despite the expansion of trading depth and the increase in the shareholder population, this market has not changed much in terms of structure.”

He said: “Now we are trying to change some structures. For example, in this regard, we can mention the improvement of the performance of observers. At present, a weekly meeting is held with all observers and they report on the actions taken.” Are received.

The head of the stock exchange organization said: “Regulatory discussions are very useful, especially in the last few years when the organization has been involved in the margins, but I am trying to resolve these issues with the cooperation of activists and market experts.”

Regarding the initial public offerings, Eshghi said: “Now the issue of the initial public offering is one of our main issues because some believe that there should be an initial public offering, but others say that this is not the case now, which raises liquidity. There are companies now that are even willing to do below their initial public offering, we desperately need to work with market participants to address such issues.

In the end, the head of the stock exchange organization said: “Very good measures have been taken in the field of publishers and financial institutions. We are trying to increase capital in order to save time electronically.”

Source: ایلنا