ПОКАЗАТЕЛИ, ВЛИЯЮЩИЕ НА ФОНДОВЫЙ РЫНОК В РОССИИ, И РЕГУЛИРОВАНИЕ ЕГО РАЗВИТИЯ

Abstract

The need to establish factors and indicators immediately affecting the Russian stock market is caused by the fact that the stock market has a significant impact on the economic development of the state. The paper focuses on the factors and indicators that can affect the domestic stock market development. The author used correlation and regression analysis to assess the impact on the stock market development in Russia of such indicators as the number of credit institutions, the number of citizens who opened brokerage accounts at the Moscow Stock Exchange, the number of financial pyramids. To exclude speculative transactions, usually involving shares and negatively affecting the development of the securities market, the volume of debt securities issuance was chosen as an indicator characterizing the stock market development. It is proved that the most significant indicator affecting the activity of issuers in Russia when issuing debt securities is the investment activity of citizens at the Moscow Stock Exchange (the number of brokerage accounts opened annually). The author gives recommendations on the securities market development and regulation in Russia, including the need to expand tax benefits (in addition to the benefits extended to individual investment accounts) for transactions of individuals with securities at the organized stock exchanges; it is recommended to continue the systematic work of authorities and other institutions to improve the financial literacy of the population. The concept of a financial supermarket has been developed based on the use of financial engineering and technological and informational infrastructure of the Gosuslugi.ru website. According to it, investors determine the parameters for issuing securities, while issuers retain the right to choose from the proposed options.