Master Urquiza, founding president of BIVA, highlighted that studies show that growth based on capitalization is faster than that founded on debt, which is beneficial. The expansion of the capital market, supported by constitutional amendments, exemplifies the collaboration between the government and the private sector to achieve greater financial inclusion.
Financial education is key to understanding that corporate governance, transparency in financial statements, and technological modernization are essential for accessing a higher level of service provision. According to various sources, the market capitalization value of the Mexican stock market is approximately one-third of the national GDP, compared to other countries like Brazil, China, and the U.S.
Recently, the CNBV announced modifications to the Federal Rights Law to facilitate access to financing for companies starting next year. BIVA has been a relevant player in this historic process and represents a second institution that allows domestic and foreign companies to access the Mexican stock market.
Today marks 130 years since the creation of the National Stock Exchange, a direct predecessor of the Mexican Stock Exchange. However, the market is underrepresented, with only a small group of issuers concentrating the majority of its value, similar to what is observed in other international exchanges.
Promoting financial education is essential to benefit citizens and improve the outlook for larger companies. Amendments to the Federal Rights Law were announced during a forum organized by BIVA, encouraging participation from more investors and entrepreneurs in Mexican exchanges.
The creation of BIVA aims to increase participation in the Mexican stock market, crucial for financial inclusion in strategic sectors. It is important to raise awareness about the importance of this market for the economic development of the country, influenced by the political and economic processes that have marked its history.
