New beginning for Stock Exchange

Speaker D.Demberel ringing the opening bell on January 18
The 20th anniversary of establishment of a capital market and Mongolian Stock Exchange in Mongolia is marked in 2011. It is expected that 2011 will be a historically significant year for MSE and the capital market. The reason is, major mining and infrastructure projects will raise money through stock exchange in the near future and the London Stock Exchange has been selected to manage the MSE. “The year 2011 will be a historical period to start legal reform of Mongolia’s capital market, establish national powerful share holding companies and start implementing reforms of techniques, technology and management of professional securities organizations,” said R. Sodkhuu, Executive Director of MSE.
On the occasion of the 20th anniversary of MSE, Parliament Speaker D. Demberel opened the 3,885th trading day of the capital market on January 18 by ringing the bell. He said, “Along with development of the economy, an increase of construction and investment and cooperation at the international level, it necessitates developing a capital market much more. Especially, the capital market, with optimal management, is so vital to implement major mining and infrastructure projects by means of attracting domestic and foreign investment, a nd to organize distribution of benefits to people from projects effectively. Government adheres to the direction  of taking action to operate the MSE in connection with well-known foreign stock exchanges, learn experiences from them, develop infrastructure of capital market, modernize techniques and technology, qualify personnel and improve management and organization. Parliament will focus on improving the capital marketrelated legal environment and making  applicable State Policy clear.”
Within the past 20 years, 474 companies have been registered at the MSE and traded 738.3 million shares with Tgs 262.5 billion, and 3.1 million bonds with Tgs215.1 billion in total, Tgs477.6 billion by 3873 trade. Presently, the MSE registered 448,717 domestic and foreign share holders, investors and entities and received dividends worth Tgs109.6 billion over the past 20 years.
At the MSE, there are 340 brokers and national specialists from 48 professional organizations who have rights to run stock exchange trade and services. R. Sodkhuu said, “We welcomed 2011 with the achievements that basic indications of the capital market grew, national companies strengthened, and overcame the crisis.
Last year, MSE’s TOP-20 index grew to 15039.97 and market estimation was measured at a trillion for the first time in its history, increasing to Tgs1.4 trillion.” In 2010, the MSE traded 64.5 million shares of 136 companies with Tgs62.9 billion through its 253 trades and 3000 government bonds with Tgs30 billion, carrying out transactions worth Tgs92.9 billion in total.
The London Stock Exchange’s first team arrived in Mongolia and the sides are working to set clauses  of the Master Agreement to be established by the two sides. Through mid February, the London Stock Exchange’s director liable for foreign relations will arrive in Mongolia. “The London Stock Exchange promised to make MSE its main partner in Asia and a stock exchange that meets the world standard. We believe that MSE’s development will rise to a new level and the economy will grow considerably in the next two years,” said D. Sugar, chief of State Property Committee.
Mongol Bank’s deputy governor N. Zoljargal who was MSE’s first director said, “Of course, the world standard team is different. I believe it  will bring good results. On the other side, I am sure that the Government will give it its attention. The MSE is not the kind that will compete with Hong Kong and New York stock exchanges; however, the main thing is to ensure the market operates. The economy does not develop by depending on the stock exchange. Instead, other mechanisms develop by depending on economic demand. In my vision, Mongolia’s economy will have faster growth in the next 5-10 years. For instance, Mongolia will have the fastest economic growth in Asia by 2015. Following it, the capital market may show faster growth in Asia.

Share:

13 comments:

  1. I really appreciate your post and you explain each and every point very well.Thanks for sharing this information.And I’ll love to read your next post too.

    stock tips

    ReplyDelete
  2. I really appreciate your post and you explain each and every point very well.Thanks for sharing this information.And I’ll love to read your next post too.

    stock tips

    ReplyDelete
  3. Very efficiently written post. It will be valuable to everyone who uses it, as well as myself. Keep doing what you are doing – looking forward to more posts.
    stock tips

    ReplyDelete
  4. I really appreciate your post. It gives an outstanding idea that is very helpful for all the people on the web .Thanks for sharing this information.And I’ll love to read your next post too.
    Regards:
    Stock Tips

    ReplyDelete
  5. Stock exchange. It takes time. It takes years for novices to become experts. And given the current market volatility, even experts can not always predict or potential actions buy Indian listed on the National Stock Exchange and results in the loss. Prudence, knowledge, and start a small way, the stone is "further success in the Indian stock market.

    ReplyDelete
  6. I positively venerate celebration of a mass your blog posts, a accumulation of essay is smashing.This blog as common was educational, we have had to bookmark your site as well as allow to your feed in ifeed. Your thesis looks lovely.Thanks for sharing.

    Regards

    Commodity Tips

    ReplyDelete
  7. I really appreciate your post. It gives an outstanding idea that is very helpful for all the people on the web. Thanks for sharing this information and I’ll love to read your next post too.

    Regards:

    Share Tips

    ReplyDelete
  8. Thanks for all the helpful tips. I bookmarked this post and will likely do a re-read to remind me of some simple yet effect methods for improving my blog.

    ReplyDelete
  9. It was a awe-inspiring post and it has a significant meaning and thanks for sharing the information.Would love to read your next post too......
    Thanks
    Regards:
    trade4target

    ReplyDelete
  10. I can see that you are putting a lot of time and effort into your chart and analysis blog.I love every single piece of information you post here.great call on this stock.
    trade4target

    ReplyDelete
  11. Good work, thanks for the awesome posting. I’m having troubles subscribing to your blogs feed. camera store

    ReplyDelete
  12. The post is written in a very good manner and it entails many useful information for me. I am happy to find your distinguished way of writing the post. Now you make it easy for me to understand and implement the concept.

    buy notebook

    ReplyDelete
  13. very good post, i was really searching for this topic as i wanted this topic to understand completely and it is also very rare in internet that is why it was very difficult to understand.

    ReplyDelete

Facebook page

Powered by Blogger.

Categories

Advertising in Mongolia An Asian Development Bank Culture Editorial of the Mongolianviews education Environmental protection Famous Mongolians Foreigners in Mongolia Inner Mongolia Ivanhoe Mines Mongolia Adventure Mongolia agriculture Mongolia air pollution Mongolia analysis Mongolia and Armenia Mongolia and Asian Development Bank Mongolia and Australia Mongolia and Azerbaijan Mongolia and Belorussia Mongolia and Bulgaria Mongolia and Cambodia Mongolia and Canada Mongolia and central Asia Mongolia and China Mongolia and Cuba Mongolia and Czech Mongolia and donors Mongolia and EU Mongolia and Germany Mongolia and Hongkong Mongolia and Hungary Mongolia and IFC Mongolia and IMF Mongolia and Ind Mongolia and India Mongolia and Indonesia Mongolia and Inner Mongolia Mongolia and Iran Mongolia and Israel Mongolia and Italy Mongolia and Japan Mongolia and Kazakhstan Mongolia and Korea Mongolia and Kuwait Mongolia and Kyrgyzstan Mongolia and Malaysia Mongolia and Nato Mongolia and North Korean Mongolia and Poland Mongolia and Qatar Mongolia and Russia Mongolia and Russia and Mongolia and China Mongolia and Singapore Mongolia and South Korea Mongolia and Taiwan Mongolia and Thailand Mongolia and the world Mongolia and Tibet Mongolia and Turkey Mongolia and UK Mongolia and Ukraine Mongolia and UN Mongolia and US Mongolia and USA Mongolia and Vietnam Mongolia Banking Mongolia blind Mongolia Cashmere Mongolia Christianity Mongolia civic society Mongolia Corruption Mongolia crime Mongolia diplomacy Mongolia Economy Mongolia Education Mongolia Energy Mongolia environment Mongolia Finance Mongolia Health Mongolia History Mongolia holiday Mongolia in international media Mongolia Industries Mongolia investment Mongolia Joke Mongolia law Mongolia LGBT Mongolia medical Mongolia military Mongolia Mining Mongolia Mining Developments Mongolia Mortgage Mongolia natural disaster Mongolia news media Mongolia Nuclear Mongolia Petroleum Mongolia Politics Mongolia Poverty Mongolia public announcements Mongolia railways Mongolia Religion Mongolia slums Mongolia society Mongolia Sports Mongolia Stamp Mongolia Sumo Mongolia telecommunication Mongolia tourism Mongolia trade Mongolia Transportation Mongolia Urbanization Mongolia Wild Life Mongolian Agriculture Mongolian and Cuba Mongolian Archeology Mongolian Climate Mongolian Food Mongolian Gay Mongolian Government news Mongolian History Mongolian Kazakh Mongolian Meat Mongolian Military Mongolian Mining Development Mongolian Movie Mongolian News Mongolian Parliament Mongolian Political news Mongolian Press Mongolian Songs Mongolian Sumo Mongolian Women Mongolian Youth Mongolians abroad Moninfo Opinion Oyu Tolgoi Investment Agreement Photo news Press Release Rio Tinto Tavan Tolgoi coal mine Ulaanbaatar development Weird expatriates in Mongolia World bank and Mongolia

Blog Archive

Followers