New SEO Chief: Capital Market Must Focus on Needs of Domestic Production

The new managing director of Securities and Exchange Organization on Saturday outlined plans to improve the struggling capital market.
Majid Eshqi said the regulatory body will concentrate on its primary task of expanding the market, the Securities and Exchange Organization quoted him as saying.
“It is crucial to focus on issues such as increasing the role and contribution of the capital market in funding the domestic production sector,” he said.
Among other things, this must be accompanied by efforts to diversify financial instruments, improve transparency and disseminate financial information, scrap cumbersome regulations, reform procedures and boost technical structures, Eshqi stresssed.