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Mexican financial leaders are planning a reform of the stock market to curb the exodus.


Mexico’s main stock exchange, the BMV, seeks to attract IPOs. Recently, several leading companies have decided to delist their shares from the stock exchange. These include brokerage firm Monex, airline Aeromexico and Carlos Slim’s retailer Sanborns.

The executive president of the Mexican Association of Securities Institutions (AMIB), Alvaro Garcia Pimentel, told Reuters that the institution is working to propose a bill that would allow small businesses to list their debt and stocks more quickly and at lower cost.

“We built this project so that small businesses could take out debt and get the same tax treatment as public offerings of debt and stock,” he said, noting that rates would be more competitive and financing would be more competitive. longer term.

He said the proposal, worked out with the government and the BMV and BIVA stock exchanges, is expected to be presented to Congress this month.

Mexico’s finance minister said it “is working closely with the BMV to strengthen the (country’s) financial market”.

BMV and BIVA did not immediately respond to a request for comment, although BIVA’s CEO spoke about the planned reform at a conference last week.

Garcia told Reuters the groups were likely to create another proposal, this time focused on hedge funds.

“It would create a new law allowing funds to participate through hedging, derivatives and direct leverage,” he said, adding that AMIB was in talks with the government. .

Luis Gonzali, an institutional asset manager, said if the bill passes, it will not only attract new businesses but will make Mexico’s financial market more “dynamic.”

“The measure would mitigate to some extent what we have observed for many years: a delisting trend and few companies participating in the Mexican financial sector,” he added.



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