The fate of the capital market next year from the head of the stock exchange organization

According to Tejarat News, Eshghi said in a press conference today, referring to the stock market conditions next year: “With the general provisions approved in next year’s budget, it is predicted that companies will have capital increases and good development measures, and due to the stability that next year.” There, the decision will be easier for investors.

Regarding the measures taken this year, he added: “Since the beginning of the year, we have had about 600,000 billion tomans of resources provided by various methods of capital and debt, and in the meantime, the total debt issued has been about 224,000 billion tomans.”

Eshghi said: “This year, about 100,000 billion securities have been settled in the market, which means that the government has deposited this money in the country’s financial system, ie banks and investment funds. The sale of cash securities is close to 83,000 billion tomans and about 14,000.” One billion tomans more than the published amounts has been repaid to the financial system.

The head of the Exchange and Securities Organization described one of the serious actions of the Exchange Organization this year as the issue of monopolizing activities and providing services in the capital market, adding: “For nearly 12 years, no new brokerage was established, but since November 8, licenses The brokerage agreement in principle was issued and a license also led to the establishment of the brokerage.

The head of the stock exchange organization added: 29 licenses for establishing or transforming a financial institution as an investment company or holding in the field of funds, 15 licensing agreements of the investment fund, 29 licenses for the establishment of an investment fund and 25 licenses for the investment fund during this period. Is.

Eshghi continued: In the field of financial institutions providing services, 8 principal agreements for the establishment of the portfolio company, 3 principal agreements for the establishment of the investment consulting company, 6 licenses for the establishment of the portfolio company, one license agreement for the establishment of the capital company, 4 licenses for the portfolio company and two licenses Financial information processing activity has also been granted this year.

He pointed out that one of the legal loopholes regarding the payment of interest by SJAM was electronic, clarified: with the follow-up done and the help of the Islamic Consultative Assembly, this issue has been included in the 1401 budget bill and I hope after these profits in bed Electronic and centralized payment should be done in this way and shareholders should not wander to receive their profits from various companies.

The head of the Stock Exchange and Securities Organization said: “In order to use information technology, we will have the field of unveiling an intelligent system for monitoring and monitoring the capital market, and also the intelligent system for monitoring portfolio companies has been designed for the first time and is ready for operation.”

Eshghi added: To organize education in cyberspace, 476 applicants have registered in the system so far and 200 teachers have been reviewed and approved.

Regarding the development of education and financial literacy, he said: “Development of capital market professional certification test system, design and launch of educational platform (Tabassum), integration and organization of customer call center and creating a safe room for researchers to use capital market data are other actions of the stock exchange organization.” In this regard, it was in 1400.

Referring to the ongoing plans and strategic goals of the Exchange Organization for next year, he said: “Detailed plans in three key areas of investor protection with emphasis on long-term benefits, increasing the role of the capital market in financing and increasing effectiveness, efficiency.” And smartening of the regulatory system was developed, part of which was pursued this year, which will continue next year in various areas of the capital market to strengthen and stabilize the market.

The head of the Exchange and Securities Organization further announced the gradual correction of the fluctuation range from the beginning of 1401 and said: “From one date onwards, the correction will start gradually and with one percent. This trend will take place in quarterly periods and according to market feedback.” Will be reviewed.

Eshghi informed about the interaction of the stock exchange organization with various institutions and added: in this regard, a working group has been formed with the presence of the organization and the judiciary to organize capital market cases.

Regarding the real shareholders’ association, he said: “No one has applied for this purpose yet, and if this request is announced, a decision will be made on its articles of association and the organization is ready to cooperate.”

“No one can say for sure about the future of the market, and this is true of all the financial markets in the world,” he said.

He said: “In the capital market, the amount of profit or loss of people depends on their portfolio, just as there are different indicators in the market and the rate of industrial decline is also different.”

Referring to the transfer of shares of Esteghlal and Persepolis clubs, he said: “No share is ever advertised in the organization and the pillars that are part of the market and do so are dealt with. However, in general, the transfer of the two clubs causes public supervision.” And this is a positive trend. We hope this process will end well.

The head of the Stock Exchange and Securities Organization, referring to the process of depositing profits through the SJAM system, said: “It should be noted that the country’s trade law has been around for many years and when electronic systems have not been in use, and in this regard the 8-month deadline It is for the benefit of the assemblies intended for previous years and must be amended.

Eshghi continued: “Opportunity for less than four months or even quarterly periods has been raised for profit distribution, which is being considered.”

He went on to point out that the deposits of legal entities have been taxed, adding: “It is the policy of the government and parliament that all economic activities be taxed.” Of course, large legal entities that have the bulk of their banking resources do not suddenly decide to withdraw all their resources from the bank. However, there may be changes in the type of bank deposits, but in general, this is the responsibility of the central bank. Is.

The head of the Exchange and Securities Organization said: “In order to better coordinate the capital market and the banking system, a joint working group has been formed with the presence of the Exchange Organization and the Central Bank. The launch of joint financial instruments, the use of the banking system infrastructure to develop the capital market and the relationship between central deposit and the banking system are discussed at these meetings.

Eshghi said about encouraging investment in the stock market: “It is wrong to invite all people to invest in the capital market, regardless of the market risk and the amount of knowledge of people in this market.”

Source: Radio