Mongolian and Shanghai stock exchanges organize webinar on Mongolia’s capital marketEconomy
Ulaanbaatar /MONTSAME/. In order to increase the participation of foreign investors into domestic market, Mongolian Stock Exchange (MSE) is taking a series of measures to promote the market, introduce international standards and to be included in international category.
Within the framework of this measure, MSE has started 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 Market Day’ on June 30, 2021.
During the opening speech, Fu Hao, Vice President of International Business at Shanghai Stock Exchange, said: ‘Mongolia and China are close neighbors with close trade and economic ties, but this event was organized for the first time 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 market, and result will be important to introduce the wide range of investment opportunities to the Chinese investors in the Mongolia capital market’.
This event was attended by more than 50 representatives of Shanghai-based investment funds and brokerage companies. Representative of Mongolian Stock Exchange, Hannes Takach, Resident Representative of the European Bank for Reconstruction and Development in Mongolia and Dennis Bay, CEO of ‘Rhinos Investment UTsK’ LLC participated and introduced the current state, opportunities and future development of Mongolian economy and capital market.
In addition, representatives of Khan Bank and Trade Development Bank, that intend to conduct IPOs in accordance with the Banking law in next year, participated in the event and introduced their business activities. ‘Investor NBFI’ JSC and "Mandal Asset Management JSC" LLC, which are issuing new securities, introduced their new securities.
The Mongolian Stock Exchange is working with the London Stock Exchange, a strategic partner, to organize the next such event for London-based investors in September 2021.