In order to increase the participation of foreign investors into domestic capital markets, Mongolian Stock Exchange has been taking a series of measures to promote the market, introduce international standards and to be included in international capital market classification. Within the framework of this work, MSE commenced working with the Shanghai Stock Exchange, one of the top 5 stock exchanges in the world, and successfully organized an open webinar called ‘Mongolian Capital Markets Day’ on June 30, 2021.

During the opening speech, Mr. Fu Hao, Vice Chair of Global Business Development Committee, Managing Director of Global Business Development Department, Shanghai Stock Exchange, said: ‘Mongolia and China are close neighbors with strong trade and economic relationships, but this event has been the first event to bring together stock market organizations and experts. This event will be a historic event to lay the foundation for further cooperation between the two markets, and the result will be important to introduce the wide range of investment opportunities to the Chinese investors in the Mongolia capital markets’.

This event was attended by more than 50 representatives of Shanghai-based investment funds and brokerage companies as well as representatives of Mongolian Stock Exchange, Mr. Hannes Takacs, Head of Mongolia at the European Bank for Reconstruction and Development and Dennis Bai, CEO of ‘Rhinos Investment’ LLC have introduced the current state, opportunities and further development of Mongolian economy and capital markets.

In addition, representatives of Khan Bank and Trade Development Bank, that intend to conduct IPOs in accordance with the Banking Law next year, participated in the event and introduced their business operations. Also, the new issuers - ‘Investor NBFI’ JSC and "Mandal Asset Management JSC" LLC, introduced their new securities.

Mongolian Stock Exchange is also working with the London Stock Exchange, a strategic partner, to organize a similar event for London-based investors in September of 2021.

MONGOLIAN STOCK EXCHANGE