TEHRAN, Nov. 11 (Xinhua) -- German investors account for half of foreign portfolio investment (FPI) in Iran's capital market, Financial Tribune daily reported on Saturday.
Other countries, including Switzerland, follow the German investors, deputy head for international affairs of Iran's Securities and Exchange Organization (SEO), Bahador Bijani, was quoted as saying.
Bijani said that the total number of trading codes issued for foreign investors tops four million as of Nov. 10.
SEO signed a memorandum of understanding with Germany's Federal Financial Supervisory Authority, or BaFin, back in 2016 to expand cooperation between the two regulatory authorities and increase German investors' confidence in Iranian markets, the report said.
BaFin is an independent and fully-integrated federal institution with headquarters in Bonn and Frankfurt, and supervised by the German Federal Ministry of Finance. BaFin is the financial regulatory authority for about 2,700 banks, 800 financial services institutions and over 700 insurance undertakings.
