Chamber of Deputies approved reforms in Law of the value market and investment funds to simplify the procedures, timing and costs of attracting small and medium-sized companies.
The changes were approved by 452 votes out of 500 deputies. Not a single legislator voted against or abstained.
The regulation, which reforms, adds and repeals various provisions of the law, aims to increase supply in the stock market by attract medium-sized companies.
“This reform aims to create more competition and dynamism in stock marketwhich will allow these companies, which are responsible for creating almost 70 percent of jobs in our country, to access this source of financing and grow, which will contribute to the economic well-being of Mexican families,” said Undersecretary of Finance, Gabriel Yorio.
About 138 companies are listed on the Mexican stock exchange, and as of this month, six years have passed without a single new firm listing shares on the market. Mexican Stock Exchange. During this period, the only listing was on the alternative Institutional Securities Exchange (Biva).
Meanwhile, over the past four years, almost twenty companies have applied to be delisted. BMWamong them are Rassini, IEnova, Aeroméxico, Grupo Lala, Bachoco and others.
Reuters
Source: Aristegui Noticias
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
