The “Mongolian Stock Exchange” JSC is collaborating with the Government to improve the governance and transparency of state and local state-owned companies, as outlined in the government's 2024-2028 action plan. The goal is to lead these companies with international management teams, convert them into publicly traded companies, and enhance efficiency and equitable distribution of wealth.

To support this initiative, the leadership and staff of the State Property Policy and Regulation Agency conducted an informational presentation on the topic of “Privatization of State Property and Equitable Distribution of Wealth.”

The presentation was attended by B. Tsengel, Director of the State Property Policy and Regulation Agency, C. Bayar-Erdende, Head of the State Property Management and Regulation Department, D. Narangerel, Head of the State Property Registration and Utilization Department, N. Ganbold, Head of the Administration and Management Department, and other staff members.

Opening the presentation, B. Tsengel stated:

“As of today, there are 78 state-owned and state-involved companies and industrial facilities, along with 44 subsidiary companies operating in our country. The Parliament and the Government are pursuing a policy to convert strategically significant state-owned enterprises and other major companies into publicly traded companies. In this context, we are ensuring thorough preparations, reviewing the medium and long-term development plans and efficiencies of each company, and improving business planning and valuation. This will create favorable conditions for successfully attracting necessary investments and for the public to trade shares successfully.”

The Mongolian Stock Exchange expressed support for evaluating the state-owned companies planned for privatization against the criteria set by the Financial Regulatory Commission and the stock registration requirements of the Mongolian Stock Exchange. They will prioritize companies based on their operations, business plans, and market conditions, and collaborate with professional organizations.

MONGOLIAN STOCK EXCHANGE