Dhaka – Prime Minister Sheikh Hasina has called upon the investors to take informed decision instead of going whimsical while putting in their money in the stock market.
“Investors are the main driving force of the capital market. If investors take informed decision, it will, on the one hand, help reduce investment risk and on the other hand, act as a supplementary element in ensuring stability of the market. ” the Prime Minister said on Monday.
Hasina was addressing a four-day Regional Seminar on Financial Literacy and Investor Protection organized by the Bangladesh Securities and Exchange Commission and Asian Development Bank in Dhaka.
She said her government has been working for a strong and stable capital market by providing necessary financial education and possible protection to investors.
“Our government is continuously extending its all out cooperation through providing policy support, law amendments and infrastructure building for creating a stronger capital market,” she added.
She emphasized accountability and governance at different levels in the capital market to eliminate corruption and mal practices.
“Our Capital Market is still being driven by retail investors. To make Capital Market vibrant, we need to increase the participation of institutional investors,” Hasina said adding that a nation-wide program on investment literacy has already been launched.
“It will continue to create a knowledge based investor community,” she said.
Under this program, the BSEC has already arranged financial literacy program at divisional level which will gradually be extended to district level, Hasina said.
By this time, Bangladesh Academy for Securities Market (BASM) has also been established to this end.
Hasina said that her party included the issue of stock market revitalization in the 2018 election manifesto so that the investors feel safe while putting their money into the market.
“We believe that knowledge and techniques of investment for all of the related stakeholders of Capital Market including retail investors will accelerate the process of financial inclusion,” she said.
She hoped that the seminar would help strengthen the respective stock markets through exchange of experiences, knowledge and views in the region.
Representatives of India, Japan, Philippines, Nepal, Cambodia, Thailand, South Korea, Malaysia, Indonesia, and Iceland are attending the seminar, according to the state-run Bangladesh Sangbad Sanstha news aagency.
Among others, ADB country director for Bangladesh Manmohan Parkash and BSEC Chairman M Khairul Hossain spoke on the occasion.