The Mongolian Stock Exchange was established in 1991, primarily to assist with the privatization of state-owned entities in the early stages of transition from a Soviet-led centrally planned economy to a market economy.
At the end of 2019, 200 companies were listed on the MSE with 54 licensed brokerage firms. Total equity market capitalization was US$984 million — approximately 73% of GDP — and the annual equity trading volume was US$79.5 million. The low trading activity is considered to result from heavy concentration of shares, generally poor corporate governance, and lack of institutional investor base.
Mongolia’s fixed-income market consists mostly of government bonds. READ MORE
Similar Posts:
- Mongolia Flounders After Becoming “Minegolia” (WSJ)
- Mongolia – When Will the Stock Market Reflect the Improving Economy? (Asia Frontier Capital)
- Economic Prospects in Several Emerging Asia Countries (Wells Fargo Securities)
- Sustained Growth Slowdown in China Would Spill Over to Asia-Pacific Region and Beyond (Moody’s Talk)
- Developments in the Reform of China’s State-Owned Enterprises (Mobius Blog)
- The Emerging Asia Pacific Capital Markets: Malaysia (CFA Institute)
- Money Rushing Into the US Will Reverse (Moneyweb.co.za)
- The Emerging Asia Pacific Capital Markets: Sri Lanka (CFA Institute)
- The Emerging Asia Pacific Capital Markets: Indonesia (CFA Institute)
- The Emerging Asia Pacific Capital Markets: Pakistan (CFA Institute)
- Frontier Investment Funds Are Moving Into Uzbekistan (bne IntelliNews)
- Lazard Emerging Markets Fund Manager: Full-blown Financial Crisis in China is Unlikely (FE Trustnet)
- Beijing’s Regulatory Crackdown Is Unlikely to End Any Time Soon (CIGI)
- Understanding China’s Economic and Market Developments: Managing China’s Transition into Global Benchmarks (FTSE Russell)
- Russia’s Bourse to Start Trading HK Stocks (Asia Times)
