On June 28, 2023, the "Mongolian Stock Exchange" JSC entered into a memorandum of cooperation with the Shanghai Stock Exchange of China. The signing of this memorandum took place during the official visit of Mongolian Prime Minister L. Oyun-Erdene to China. The main objective of this memorandum is to enhance the markets of both countries, facilitate the introduction of market-related products, and foster the exchange of experience and information.
The "Mongolian Stock Exchange" JSC (MSE) and Shanghai Stock Exchange (SSE) cooperatively hosted the "Mongolian Capital Markets Day 2023" in the city on November 24, 2023. Attendees of the event included investment funds and market participants who are based in Shanghai.
At this event, Kh.Altai, the Chief Executive Officer of MSE, stated that:
“First of all, on behalf of the Mongolian Stock Exchange, I would like to extend a warm welcome to all the guests present and sincere greetings to all of you and SSE for organizing this wonderful event.
China and Mongolia have been neighbors for milliners. China is the world’s number 2 economy, Mongolia's biggest trading partner, and Shanghai is a major financial hub in the world. So it's my great pleasure to be here today for the opening of the first Mongolian Capital Market Day.
Again, I am very grateful to the Shanghai Stock Exchange for organizing this event in Shanghai. It is my second visit to SSE. Previously, during COVID-19 in 2021, we organized the Mongolian Capital Market Day event virtually with the Shanghai Stock Exchange and market participants.
There have been considerable achievements in recent years and many advances in the market. For example, within the framework of banking reform, Mongolia’s top 5 banks were listed on the MSE, and market capitalization increased threefold. Around 50 new products were introduced on MSE in recent years, which resulted in reaching a historic height. Also, our market was officially classified in the Frontier FTSE Russell in September 2023 as the market met the specific criteria required by international investors. Moreover, MSE is now a public company with over 7,000 shareholders. Also, we started to trade mineral commodities, which compose almost 90 percent of Mongolia’s exports.
At the time of further achievements and development of the Mongolian capital market, we welcome you all to invest in our market."
The representatives of "Khan" Bank, "Golomt" Bank, "Monos Foods" LLC, "Invescore Capital UTsK" LLC, and "TDB Securities UTsK" LLC are from the companies listed on MSE, and market participants presented their introductions at this event. About 70 organizations, such as securities companies and investment funds, participated from the Chinese side.
The introductions at this event were given by the representatives of "Khan" Bank, "Golomt" Bank, "Monos Foods" LLC, "Invescore Capital UTsK" LLC, and "TDB Securities UTsK" LLC, which are listed companies on the "Mongolian Stock Exchange" and active market participants.
T. Tserenbadral, the Vice Chairman of the Financial Regulatory Commission, and Dr. Fu Hau, Vice President of the Global Business Committee of the Shanghai Stock Exchange, extended their warm welcome to the opening ceremony of the event.
The General Consulate of Mongolia to Shanghai, D. Bold, shared his insights on "Perspectives on the Mongolian Economy," and the Chief Executive Officer of MSE, Kh. Altai, delivered a speech on the topic of "Investing in Mongolian capital markets."
On that day, Wang Bo, the Vice President of the Shanghai Stock Exchange, FU Hao, the Vice Chairman of the Global Business Committee of SSE, ZHANG Bin, the Managing Director of the Department of International Affairs of SSE, ZHU Sheng, the Executive Director of the Department of International Affairs of SSE, HU Wen, the Vice President of the Department of International Affairs of SSE, and other officials welcomed the visit of Kh. Altai, CEO of the “Mongolian Stock Exchange” JSC, along with representatives from Mongolia, and exchanged ideas on future cooperation.
MONGOLIAN STOCK EXCHANGE