August 17, 2025 | 12:00am
MANILA, Philippines — Securities and Change Fee (SEC) chairperson Francis Lim is searching for the assist of the nation’s prime finance executives to assist increase the Philippine capital markets.
Talking on the Monetary Executives Institute of the Philippines (FINEX) eighth common membership assembly, Lim stated {that a} vibrant capital market fuels infrastructure, empowers small companies, drives innovation and transforms progress into shared prosperity.
Sadly, he stated the nation’s capital markets have fallen behind.
“For instance, Vietnam, whose inventory market is way youthful than ours, has outranked us when it comes to the variety of listed firms, market capitalization and inventory market worth turnover. After all, Singapore, a a lot smaller nation however whose capital market is understood for its integrity, is much forward of us,” Lim stated.
“The information is not only statistics — they’re a mirror of the event hole we should confront. It underscores how far we’ve to go. Each proportion level behind is a missed alternative for our firms, our traders, our individuals and our nation,” he stated.
Lim stated that finance leaders — thought-about as trusted voices in boardrooms, banks, funding homes, accountants and appraisers — can function catalysts for change.
“That is the place we within the SEC want your assist,” he instructed members of FINEX.
“I invite you to take the subsequent nice step with us — to assist develop our capital market again to its rightful place within the ASEAN, anchored firmly on belief and transparency,” the SEC chair stated.
Lim, a former president of FINEX, stated finance leaders are wanted to encourage extra firms to listing, uphold governance requirements in each transaction, make sure the integrity of firms’ monetary statements and champion investor safety.
“Your management — anchored on ethics — is what’s going to bridge the hole between the place our market is and the place it ought to be,” Lim stated.
“The SEC can not do it with out you. Together with your affect, networks and steadfast dedication to moral management, we will create markets that our traders belief, our firms rely upon and our nation could be pleased with,” he stated.
Below his time period, Lim has set his sights on additional boosting the Philippine capital markets.
The SEC has dedicated to streamline its procedures, scale back prices and promote transparency and good governance within the company sector and capital market.