[ad_1]
The Mexican Stock Exchange (BMV) will ask the incoming government to maintain approved programs in the current administration to promote the development of the stock market.
The chief executive of the stock exchange, José Oriol Bosch, announced that they will seek to meet with the team of virtual president-elect, Andrés Manuel López Obrador, to address issues such as the relevance of the Exchange as a pillar of finance for business and for the country's economy.
He recalled that in August of last year, the Secretariat The Ministry of Finance and Public Credit announced a four-axis program to stimulate growth of the stock market
L & # One of the points concerns regulatory changes to encourage competition, broaden the investor base and attract more issuers. and the promotion of new financial instruments.
The axes also include the increase in the participation of the development bank. , changes to the Afores investment regime – the largest investors in Mexico – and insurers and increase financial education in the country.
"We have worked with development banks, especially with Nacional Financiera and the Bank" He emphasized that the BMV will work with the new administration as a powerful funding sponsor to contribute to the economic growth objectives announced by the Department of Foreign Affairs and Foreign Trade. the incoming government.
"In any country, the stock market is one of the pillars of financing and, to meet the economic growth expectations of the new administration, the BMV will be there, giving funding to all For this we will have more details in the future, "said José Oriol Bosch
The virtual elected president, Andrés Man López Obrador, announced that his goal is to achieve a growth of 4
Positive reaction
On another subject, José Oriol Bosch commented that, after the polling day of July 1, the market reaction it was positive because it was an orderly process and
He stressed that, despite the uncertainty of local and international factors, in the first half of the year the stock market financing amounted to 74,000 million pesos, a figure that almost doubled what was recorded in the same period of 201 7, with 40 billion pesos.
While in the long-term corporate debt market, financing in the first half of this year reached 182 billion pesos compared with 107,000 million in the same period of 2017.
"There is still activity and in the list there are new investments (like) two new real estate investment trusts that will be listed About the beginnings of the Institutional Securities Exchange, the July 25, he commented that the companies of BMV -Indeval and the Central Securities Counterparty are ready for the beginning of the operations
Henceforth, the relevant thing will be that the promise of growth of the stock market is satisfied, since two bags of the same size and higher costs would be problematic for participants.
[ad_2]
Source link
