Mexican Congress Passes Bill to Revitalize Stock Exchanges, Boost Access to Financing for Small Businesses
-
Mexican lower house passed a bill to revamp national stock exchanges to boost trading and reduce costs for companies to go public.
-
The bill aims to strengthen financial inclusion and access to financing for small and medium-sized Mexican companies.
-
Just 138 companies are listed on the main Bolsa Mexicana de Valores exchange, which has not had a new listing in 6 years, except for spin-offs.
-
The smaller BIVA exchange has only had 1 new listing in that time.
-
Several large Mexican companies like Aeromexico, Grupo Lala and Grupo Sanborns have delisted from the BMV in recent years.