{"id":124064,"date":"2026-03-13T11:15:30","date_gmt":"2026-03-13T10:15:30","guid":{"rendered":"https:\/\/www.afg.asso.fr\/?p=124064"},"modified":"2026-03-13T11:15:58","modified_gmt":"2026-03-13T10:15:58","slug":"financement_entreprises_consultaionce_reponse_afg","status":"publish","type":"post","link":"https:\/\/www.afg.asso.fr\/fr\/financement_entreprises_consultaionce_reponse_afg\/","title":{"rendered":"Financement de la croissance des entreprises &#8211; l\u2019AFG r\u00e9pond \u00e0 la consultation de la Commission europ\u00e9enne"},"content":{"rendered":"\n<p>L\u2019AFG a <strong><a href=\"https:\/\/www.afg.asso.fr\/fr\/publication\/financement-croissance-entreprises-reponse-afg-a-une-consultation-ce\/\">r\u00e9pondu \u00e0 la consultation de la Commission europ\u00e9enne relative au d\u00e9veloppement de l\u2019\u00e9cosyst\u00e8me europ\u00e9en de financement des entreprises innovantes et des scale-up. <\/a><\/strong><\/p>\n\n\n\n<p>Dans sa contribution, l\u2019AFG souligne la <strong>n\u00e9cessit\u00e9 d\u2019adopter une approche globale afin de renforcer l\u2019ensemble de la cha\u00eene de financement, depuis le capital-risque jusqu\u2019aux march\u00e9s boursiers. <\/strong>L\u2019AFG met notamment en avant l\u2019importance de soutenir la visibilit\u00e9 (fortement d\u00e9grad\u00e9e depuis \u00ab l\u2019unbundling \u00bb du financement de la recherche sous MIFID II) et ainsi l\u2019attractivit\u00e9 des PME et ETI cot\u00e9es, de favoriser la reprise des introductions en Bourse (IPO). L\u2019objectif central est de faciliter la mobilisation de l\u2019\u00e9pargne, abondante en Europe, mais insuffisamment employ\u00e9e \u00e0 financer des investissements de long terme dans les entreprises europ\u00e9ennes.<\/p>\n\n\n\n<p>L\u2019AFG insiste \u00e9galement sur le r\u00f4le central du cadre r\u00e9glementaire qui doit rester favorable \u00e0 l\u2019investissement de long terme. L\u2019AFG appelle ainsi \u00e0 \u00e9viter les mesures susceptibles de d\u00e9courager l\u2019investissement dans les petites et moyennes capitalisations (la Retail Investment Strategy \u2013 RIS \u2013 notamment).<\/p>\n\n\n\n<p>Enfin, il apparait n\u00e9cessaire d\u2019encourager des initiatives permettant de mieux orienter l\u2019\u00e9pargne des m\u00e9nages vers le financement de l\u2019\u00e9conomie europ\u00e9enne. Cela doit passer par des programmes d&rsquo;\u00e9ducation financi\u00e8re, par le d\u00e9veloppement des dispositifs d&rsquo;\u00e9pargne-retraite, par des incitations fiscales pour l&rsquo;investissement en actions europ\u00e9ennes (par exemple, des structures similaires au PEA fran\u00e7ais). La mise en place \u00e0 l\u2019\u00e9chelle europ\u00e9enne des labels comme \u00ab Finance Europe \u00bb pourraient \u00e9galement contribuer \u00e0 orienter l&rsquo;\u00e9pargne vers les entreprises europ\u00e9ennes et les projets \u00e0 long terme.<\/p>\n\n\n\n<p>Parall\u00e8lement, les d\u00e9cideurs devraient \u00e9viter les produits d&rsquo;investissement trop simplistes qui concentrent principalement les flux vers des fonds indiciels passifs largement investis en entreprises non europ\u00e9ennes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>L\u2019AFG a r\u00e9pondu \u00e0 la consultation de la Commission europ\u00e9enne relative au d\u00e9veloppement de l\u2019\u00e9cosyst\u00e8me europ\u00e9en de financement des entreprises&hellip;<\/p>\n","protected":false},"author":35,"featured_media":116803,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"_gspb_post_css":"","wds_primary_category":0,"footnotes":""},"categories":[1],"tags":[],"thematics":[125],"top_contenu":[568,44,45],"class_list":["post-124064","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-non-classe","thematics-capital_investissement","top_contenu-top-contenu-commission-club","top_contenu-top-contenu-espace-membre","top_contenu-top-contenu-home-page"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.afg.asso.fr\/fr\/wp-json\/wp\/v2\/posts\/124064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.afg.asso.fr\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.afg.asso.fr\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.afg.asso.fr\/fr\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/www.afg.asso.fr\/fr\/wp-json\/wp\/v2\/comments?post=124064"}],"version-history":[{"count":0,"href":"https:\/\/www.afg.asso.fr\/fr\/wp-json\/wp\/v2\/posts\/124064\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.afg.asso.fr\/fr\/wp-json\/wp\/v2\/media\/116803"}],"wp:attachment":[{"href":"https:\/\/www.afg.asso.fr\/fr\/wp-json\/wp\/v2\/media?parent=124064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.afg.asso.fr\/fr\/wp-json\/wp\/v2\/categories?post=124064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.afg.asso.fr\/fr\/wp-json\/wp\/v2\/tags?post=124064"},{"taxonomy":"thematics","embeddable":true,"href":"https:\/\/www.afg.asso.fr\/fr\/wp-json\/wp\/v2\/thematics?post=124064"},{"taxonomy":"top_contenu","embeddable":true,"href":"https:\/\/www.afg.asso.fr\/fr\/wp-json\/wp\/v2\/top_contenu?post=124064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}