The share of the capital market in financing the economy is 30% – Tejaratnews
According to Tejarat News, Majid Eshghi, head of the Securities and Exchange Organization, stated in the governance meeting of financing through the capital market: comparing the share of the capital market and the money market in financing, figures are published that this comparison is not correct. For example, the resources accumulated from banks over the years are compared with the resources that have been provided from the capital market in the past year; However, the accumulated resources should be compared at the same time. With this account, the share of the capital market in financing the economy is 30%.
Requirements for increasing the share of the capital market in financing the economy
He added: In order to increase the share of the capital market in financing the economy, legal requirements are necessary. The Stock Exchange Organization has been able to provide this platform by designing various tools and this has been achieved to some extent.
Eshghi continued: The next discussion is the development of financial institutions. In recent years, measures have been taken to develop brokerages, rating companies, investment funds, etc., to introduce different levels of risk for different tastes. Financial institutions could not get licenses for several years, but in the current period, we were able to issue licenses to 11 investment and portfolio management companies.
The head of the stock exchange organization said: Another pillar of financing is financing tools. In this area, Sukuk debt instruments, certificates of deposit, Murabahah bonds and Islamic contract bonds issued by the government and the private sector; presented and we are trying to increase the share of financing from the private sector.
He added: Our goal is to develop hybrid instruments including debt and investment bonds. Due to the inflation that exists, many investors need these bonds and many people are not able to invest in some projects. Financial instruments have the ability to meet this need.
He added: Most of the investment in housing has been made by private sector capital. Financial instruments for financing the housing sector and direct financing of residential projects from the capital market are not enough, and the previous instruments have not been able to participate directly in construction. We need to design tools that can reflect the fluctuations of the housing sector.
The head of the stock exchange organization said: The next issue is people’s lack of familiarity and awareness. One of our serious goals is to accelerate processes, finance and develop educational services.
Eshghi stated: Digital assets are one of the serious debates in the financial markets of the world, where many countries are undecided, and no serious decision has been taken in our country. We cannot ignore this area; Because it has a lot of liquidity and is a good market for micro financing. The use of new technologies to change the shape of the capital market is a necessity, and the Stock Exchange and Securities Organization has prepared a new resolution for these technologies in the future.
Source: Senate