Capital Markets Board (SPK) President Vahid Ertas, Turkish capital markets legal framework in terms of significant progress, said: “We believe and claim that we have reached the point in the capital market legislation is likely and internationally to respond to the needs of the world can be taken as an example, is one of the newest and most advanced legislation, “he said.
Ertas, Central Registry Agency (CRA) has developed “e-GCS Electronics General Assembly System” presentation at the meeting on the first year of the global economy, capital market implementation and evaluation of Turkey’s economy has made.
the U.S. central bank (Fed) Chairman Ben Bernanke on 22 May 2013 in a speech before the start of a new era for the world market is reminiscent Ertas, said:
“Fed bond-buying program for the first time in December 2013 in the amount of $ 10 billion has gone to mitigation, mitigation policies continue to increase in 2014, the expectation in the markets is dominant. New period, lower liquidity and higher interest rates based on a policy choices are based on. past 5 years only the Fed side of monetary expansion size 2.5 trillion bucks a gigantic in size. Consequently policy change effects all over the world a great echo made. both developing and developing countries has created significant pressure on. “
interest, exchange rate and stock market indexes compared to previous periods when an extremely volatile period started explaining Erta? in global markets pre-crisis period as in the normalization process say the transition will take several years, he said.
“China and Japan in the success of these countries has the public offering of the company”
long-term and sustainable financing of the importance of attention to the Ertas, he continued:
“This transition period for all investors calm, cold-blooded, long-term perspective rather than short-term speculative transactions to move our companies to be careful against exchange rate risk, hedge possible risks to the investments in short-term loans to finance instead of long-term capital market instruments with a financing should tended believe. Both normalization transition, as well as in the subsequent period of economic indicators are strong, with high growth potential, international norms legal infrastructure, with strong project and target countries with advantageous ‘re going now, more and more global capital will be hosted. ”
the national output growth worldwide in recent years in favor of developing countries move Ertas said that, in 2005, 41 percent of global GDP in developing countries, 59 percent ‘s in developed countries produced, in 2012 the share 50-50 percent was realized, the OECD, in 2030 the developing countries the share of 57 percent reached guessed, he said.
Erta? work against emerging economies, despite macro-economic indicators of Turkey with its young population, especially in the energy and transportation will be managed, including major projects in the new era of global noted that it may take a greater share of revenue.
in emerging economies investments how is financed speaking, especially China, South East Asian countries, capital markets, the increasing role noticed that the transfer Ertas, rob spoke:
“companies in developing countries during the period 1993-2003 the total global IPO etmekteyk get less than 20 percent of their income, this ratio reached 60 percent in the last five years. China and Japan in the success of these countries, companies, IPOs are. Structures in the estimates, the next decade of emerging economies in today’s New York Stock Exchange
“We The task is to prepare our companies to compete globally”
of emerging markets in recent years a great convenience encounter, but the next 10 years is not the case voicing Ertas, “a decomposition process will take place, each country based on their performance will be evaluated, technology engaged in investment, legal infrastructure is strong, globally competitive resistant carriers and countries, global income will get more interest is. During this process, our duty, to technology investing organization to support our our companies to compete globally, to prepare a world-class goods, services and technology producing a global economy is to be, “he said.
the c13″ from the Ministry of Science, Industry and Technology R & D Center is the area’s authority to MKK, Istanbul is an international financial center is important duties in the process, the Turkish capital market on behalf of the Turkish economy experienced in the successful development of promising voicing Ertas, said:
“We believe and claim that we have reached the point in the capital markets, our legislation today and in the future we will encounter likely need to respond to and internationally exemplary of the world, the newest and most advanced legislation is one of the . global environment to calm down and market volatility with the reduction of our country of international capital is a major attraction being the center will continue, capital markets our country’s growth and development, the investment resources for providing an important tool will be. “
“At the moment it (e-GCS) are making serious talks about exported”
the CRA General Manager Assoc. Dr.. Jacob Ergincan statistical information related to the e-gks’y gave. As of January 30, 2014 via e-GKS 420 units Ergincan general assembly that transfers made electronically, where participation is greatest general meeting held with 756 participants said electronics.
target of the e-gks’y make it available all over the world and exported to other countries Ergincan stating that, “At the moment it (e-GCS) on exported we are negotiating seriously. gks’y in 2014 in a country of more e-commissioning aim, “he said.
the e-GCS Statistics
Ergincan, according to data from October 1, 2012 a total of 415 292 general meeting of the company was held. Meetings were held between March 25-29 and 92.
representatives to these meetings in person or via e-GCS total of 13,556 people have participated and used their rights, while a total of 6 thousand 88 people joined physically.
in 2011 and 2012 compared to the general assembly, while there was an increase in participation in the 124′lük percent, to meetings via e-GKS the U.S., Britain and Luxembourg, including participants from 41 different countries was provided.
of 32 meetings a day with a maximum of the General Assembly was held in March 29, 2013. TTNET and 23 different provinces in collaboration with Medianova from 207 different locations about a thousand 13-hour live broadcast of the General Assembly was held.
Capital Markets Licensing, Registration and Education Foundation in collaboration with the thousand 500 people were given distance education. – Istanbul