The Emerging Asia Pacific Capital Markets: Mongolia (CFA Institute)

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)
• The Emerging Asia Pacific Capital Markets: Sri Lanka (CFA Institute)
• China: Navigating the Regulatory Landscape (UBS AM)
• DouYu Ends First Day at Its Offer Price in $775 Million IPO (Bloomberg)
• Understanding China’s Economic and Market Developments: Managing China’s Transition into Global Benchmarks (FTSE Russell)
• Taiwan Equities Help Drive Performance of Emerging Markets in Q3 (FTSE Russell)
• China beyond Evergrande: Contagion or containment? (PineBridge Investments)
• MENA Fixed Income: Four Things That Are Top of Mind (Franklin Templeton)
• What Hong Kong Dollar Bond Exposure Means to Investors (The Asset)
• Investing in Central Asia ETFs / Central Asia ETF List
• Understanding China’s Onshore Equity Market Rally (KraneShares)
• Local Investors Discover Brazilian Stocks (Franklin Templeton)
• Talking Markets Podcast: Asia – Macro and Markets in 2021 (Pinebridge Investments)