حسین عبده تبریزی

The former member of the Supreme Council of the Stock Market said about the funds: In the field of funds, despite the small numbers, the funds that were project funds or raised money for the production and purchase of companies, increased employment and this led to more numbers and fund variety.

Tehran, Feb. 17 (SENA)-According to the Securities  and Exchange News Agency (Sena), today, February 17, the International Financing Conference started with the presence of senior managers of the Iranian capital market and several international financial institutions.

Hossein Abdo Tabrizi at the beginning of the International Financing Conference, referring to the valuable achievements of the capital market in the field of financing, said: "Iran's capital market has made special progress in the last twenty years despite sanctions and restrictions." In the last two years, the widespread presence of people in the capital market has increased the market penetration rate, although the large presence of people in the market has brought difficulties and shortcomings. The stock market has made good progress in financing, for example the debt market has expanded greatly.

He added: "The problems of the banking system in recent years have led companies to the capital market for financing. The banking system could not finance the companies due to financial difficulties and problems. Accordingly, large companies moved to the capital market and became active in this market. On the other hand, we had a stricter tax system than in previous years.

"Companies that were afraid of going public and did not want transparency in the stock market tended to be transparent and become public companies when they were threatened by money laundering and taxes," he said. The main reason for these companies to enter the stock market is to finance their operations, and their decision is a good opportunity for the capital market, which includes a high percentage of the debt market.

Abdo Tabrizi stated: "Fortunately, the average age of most market participants is low and this young population is much lower than the average age of other professions in Iran." Being young is considered an advantage, but it is not everything, and the capital market needs knowledge. In the capital market, there are graduates of unrelated disciplines or weak graduates who need to be trained, and graduates of reputable universities related to the discipline must also take courses in financial professions.

In the end, he said: in order to develop the market in terms of financing, it is necessary to cooperate and train these young people. We hope that the capital market will be responsible for financing the companies and will do well. A responsibility that leads to more production in Iran and employment desperately needs it.

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