IRNA – Over 50 percent of investment in Iran’s capital market belongs to Germany, according to a senior Iranian bourse official.
Bahador Bijani, the deputy head of Securities and Exchange Organization (SEO), said on Saturday that Iran continues to keep in contact with Germany’s Federal Financial Supervisory Authority (BaFin) so as to preserve the trust of German investors in the Iranian capital market.
One of SEO’s main activities last year was devising a plan for internationalizing the country’s capital market, Bijani said.
Referring to ‘successful connections’ with BaFin, Bijani said that SEO have also developed very good relations with supervisory authorities of Hong Kong, Oman and Greece bourses.
One of the main effects of internationalization of capital market is increasing the standards of domestic markets, he said, adding that the volume of foreign investment does not match the dignity of Iran’s capital market.
The official said that after the implementation of Iran nuclear deal (known as JCPOA) in January 2016, the presence of foreign investors in Iran’s capital market has more than tripled.