Mr. Tsengel, Head of Agency for Policy Coordination on State Property, paid a working visit to the Mongolian Stock Exchange on February 14, 2022, and rang the bell to open the 6656th trading of the MSE.
He said, during the visit, that the process of transforming the state-owned enterprises into public companies, within the framework of the Government’s “A new revival policy to stimulate the economy,” should be organized through the Mongolian Stock Exchange in an open, transparent and fair manner. There are many good international examples of such transformations that have benefited their respective economies, such as China’s Chalco, Air China, and Russia’s Gazprom, to name a few. He also pointed out that we also have a good experience in Mongolia, such as transforming the “Mongol Post” state-owned enterprise into a public company. When “Mongol Post” was State-owned, the company received subsidies from the state budget. Since the company became a public company, its financial capacity improved dramatically, and its net profit increased by ten folds.
Furthermore, he added that Bloomberg had named the Mongolian Stock Exchange the best performing stock market of 2021, and one of the few state-owned companies in Mongolia that have shown a high profit in the past year.
MONGOLIAN STOCK EXCHANGE