Bangladesh Securities and Exchange (BSEC) is working on introducing new products in the capital market which is currently equity-based.
“New products will be brought in the market to make it attractive to particularly foreign investors,” Chairman M Khairul Hossain told an event in the capital yesterday.
He hoped that the market would take a new look in next two years as a lot of changes have already been made in rules and regulations and will be brought in needs in future.
He said the changing regulations in line with the contemporary situation have already drawn attention of the world fund managers.
“The commission is also working for introducing new products that will pave the way for diversified investment options before the investors,” he said.
The BSEC chairman was speaking at an event titled “Bangladesh Capital Market Conference 2015” arranged by Dhaka Stock Exchange (DSE) in the city.
DSE Chairman Justice Siddiqur Rahman Miah said there is no alternative to the capital market development for accelerating the economic growth. “Entrepreneurs can establish industry using the market as a cheaper source of fund, which will help the country move forward.”
BSEC Commissioner Arif Khan said stronger capital market means stronger economy because economic development of a country has a direct relation with the capital market.
The conference was divided into three sessions - one was about Mutual Funds: An Investment Approach for Naive Investors; two on Debt Securities: Present Context and Future Prospects; and third on Rising Capital Market from Capital Market: Pros and Cons.
DSE Managing Director Swapan Kumar Bala presented a keynote paper on the country’s capital market.
