Mehmet Şimşek's statement on funds: Emphasis on manipulation

Minister of Treasury and Finance Mehmet Şimşek made important statements at the 9th Türkiye Capital Markets Congress. 

Highlights from Şimşek's statements are as follows:

"We want to transition from a banking-weighted financial model to a capital markets-focused financial model.

In the first 9 months of 2025, nearly 34 percent of total financing was obtained from capital markets.

We want resources to be kept in lira and to increase demand for the lira; this requires a model weighted toward capital markets.

Looking at the first 9 months of 2025, nearly 34 percent of total financing was obtained from capital markets.

I attach great importance to the areas of bond and lease certificate issuance.

There will be a need for regulation in the fight against manipulation. Making the penalties much heavier is a topic on our agenda.

We know that manipulations are being carried out through some funds, we know that there are deficiencies in the area of manipulation, and we will address these deficiencies.

We will increase the intensity of the fight against manipulation beyond the intensity of the fight against the informal economy.

STATEMENTS ON INITIAL PUBLIC OFFERINGS (IPOs)

The fact that shares are held for only 51 days is a separate handicap.

We desire for foreign investors to return to their former levels; for this, trust in the system must be strengthened, and most importantly, the disinflation program must succeed.

Interest has increased since 2023; we are on the right path.

Markets will deepen along with disinflation.

There is demand for qualified IPOs, and we are in agreement regarding this demand.

It is an important issue for IPOs to start strongly again in the coming period.

Price stability is our biggest priority, and there is progress here.

The program is yielding results; there is a decline in inflation.

There is a temporary shock caused by food.

For the last 3 months, food inflation has been running well above the 20-year averages.

The budget deficit is moving downward permanently, and this will continue. We will pull the budget deficit down to 3 percent and below."