Today, January 18, 2024, the ringing of the bell ceremony was organized to mark the 33rd anniversary of the establishment of the capital market in Mongolia and the establishment of the "Mongolian Stock Exchange".

J.Tsogtbayar, the interim Chief Executive Officer of the Mongolian Stock Exchange, opened the ceremony and stated: “The Mongolian Stock Exchange has made a significant mark in history today, showcasing remarkable progress and accomplishments over the past three decades. On this day 33 years ago, the Mongolian Stock Exchange was established by the resolution of the Government of Mongolia to start the process of privatizing state property and further developing the capital market. We take this opportunity to express our sincere congratulations to every individual who has dedicated their hard work and collaborated in the process of transitioning Mongolia from a centrally planned economy to a market economy. Through your collective efforts, the Mongolian stock exchange and capital market have flourished, and new products and services have been successfully introduced. Over the past 33 years, the market capitalization of the capital market has been successfully increased to the level of 20% of the total GDP. Let's work hard to strengthen this success in the future."

T. Khash-Erdene, the Chief Business Development Officer of the Mongolian Stock Exchange, stated: "Since the establishment of the Mongolian Stock Exchange, the market capitalization of the capital market has reached 11 trillion MNT, shares of more than 170 companies are publicly traded, and commodities worth 7.7 trillion MNT have traded. Thus, I would like to emphasize that the development of the Mongolian capital market and the Mongolian stock exchange is at the next stage. With this in mind, we invite the representatives of the young generation of the stock exchange to ring the bell.”

A.Sansarmaa, a specialist in the financial department, opened the 7,135th trading session of the Mongolian Stock Exchange and rang the bell.

In addition, Kh. Erdeneburen, the Chief Financial Officer; A. Munkhbayasgalan, the Chief Regulatory Officer; and I. Javkhlan, the Chief Operational Officer, congratulated all the employees and wished them success.

MONGOLIAN STOCK EXCHANGE