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FEDERATION OF EURO-ASIAN STOCK EXCHANGES SEMI ANNUAL REPORT APRIL 2007
MONGOLIAN STOCK EXCHANGE
The activities of the MSE are accelerating
and some progress has notably been made.
Rentson Sodkhuu
Chairman and CEO
The Mongolian Stock Exchange (MSE)
continues operation while at the same time
implementing our mission in order to
contribute to the economic development of
Mongolia in this historical period denoted by
the transition from a securities trading
institution based primarily on privatization to a
classical securities market with a true
investment nature.
In 2006, the MSE focused on issues such as
creating a favorable legal and economic
framework to develop the securities market as
a traditional model outside of the state
privatization policy; to improving
dissemination of information to the public;
conducting activities in open and transparent
ways; extending foreign relations; improving
the administrative management and structure
and capacity building of human recourses;
In 2007, we will focus on to achieving the
following goals:
• developing the securities market legal
environment;
• creating economically suitable conditions
for securities market development and
promoting innovation to create new
investment capital resources through the
securities market trading;
• improving dissemination of information on
the securities market to public and activities
for trainings and advertisements;
• providing an environment for member
organizations to operate in a fair and
transparent way;
• implementing projects to solve challenges,
affecting on the development of the securities
market;
I wish you all the success and hope to
continue our successful cooperation in the
future.
HISTORY AND DEVELOPMENT
18 January 1991 The MSE was established
according to the Government decree No 22.
22 May 1991 Privatization law enacted.
07 February 1992 Primary market trading
started.
26 September 1994 Securities law enacted.
14 November 1994 Mongolian Securities
Commission established.
01 July 1995 Privatization of securities
companies has started.
31 July 1995 Securities Dealers and Brokers
Association founded.
12 August 1995 First General Assembly of
Securities Dealers and Brokers Association
was held.
28 August 1995 Secondary market trading
started.
25 October 1996 The first trading day of
government bonds.
11 February 1998 Off-exchange trading
started.
01 October 1998 The MSE joined as a fullmember
in FEAS.
02 July 1999 A new companies law was
enacted.
25 August 1999 A software for trading was
introduced.
10 September 1999 1000th trading day
01 November 1999 The MSE has started to
calculate a composite price index.
21 January 2000 The first securities
company with foreign investment registered
as a member of the MSE.
26 September 2000 Structure of the MSE
reorganized.
16 November 2000 Trading of the
government bonds restarted.
08 January 2001 The monthly magazine of
the MSE “Security and Trading” published.
under the name of “Development +
Investment”.
PAGE 104
18 January 2001 10th anniversary of the
MSE.
08 June 2001 Corporate bond trading
started.
30 October 2001 Listing rules of the MSE
updated.
05 July 2002 Top value of a stock trading on
the MSE amounted to MNT 376.77 million.
03 December 2002 Memorandum of
Understanding on Mutual Cooperation signed
with the Taiwan Stock Exchange.
30 December 2002 Revision to the Securities
Law adopted.
26 March 2003 The MSE was divided into
two independent organizations:
“Mongolian Stock Exchange” and, “Securities
Clearing House and Central Depository”
26 March 2003 The MSE was reorganized as
a profit making state owned Shareholding
Company.
15 May 2003 The MSE charter passed by
State Property Committee.
06 November 2003 Shares of the MSE listed
on the Exchange.
29 October 2004 For the first time a special
license has been issued to an underwriting
company on the security market
30 March 2005 “Information Center” of the
MSE established
17 June 2005 “Mongol Shiltgeen” JSC was
listed on the MSE and issued shares in a
classical way.
01 November 2005 Training center of the
capital market established.
18 January 2006 Celebrated the 15th
anniversary of the MSE
30 March 2006 Celebrated the “Annual
Shareholders Day”
15 June 2006 Memorandum of
Understanding with the Korean Stock
Exchange signed.
19 July 2006 Memorandum of
Understanding with the Istanbul Stock
Exchange signed.
MISSION STATEMENT
Our mission is to contribute to the national
economy by creating a classical securities
market with the purpose of mediating the
accumulation of assets in the financial market
by providing the lowest possible cost in the
long term.
FUTURE OUTLOOK
In 2007, we will focus on achieving the
following goals:
• developing the securities market legal
environment,
• creating economically suitable conditions
for the securities market development and
promoting innovations to create new
investment capital resources through
securities trading,
• improving the dissemination of information
on the securities market to the public and
creating activities for trainings and
advertisement,
• providing an environment for member
organizations to operate in a fair and
transparent way and;
• implementing works to solve challenges,
effecting the development of the securities
market.