Mongolian Stock Exchange Joint Stock Company (Mongolia)

On January 1991 the Government of Mongolia established Mongolian Stock Exchange (MSE) with intention to implement its Privatization Policy.
MSE performs the roles of coordinating the trading of stocks, bonds and other types of securities by brokers, dealers or trading participants; monitoring and regulating the issuance and repurchase of shares and other financial instruments and distribution of dividends and other entitlemets; furnishing market information to the public and protecting the rights and interests of investors.
MSE is a major player in the financial and securities market of the country as well as a major contributor to the economy of Mongolia.
Thus, 96.1 million shares worth of 8.2 billion tugrugs (7.0 million US ) of 475 state owned entities were successfully traded through MSE during 1992-1995.
Passing the Securities and Exchange law in 1994, Corporate Law in 1995 resulted in establishment of secondary market and 29 broker firms, which operated and financed by MSE - were privatized.
During the transitional period from a centrally planned economy to a market economy in Mongolia, the Government of Mongolia established the root of MSE on January, 1991 with the intention of implementing its Privatization Policy and developing investment and securities market.
96.1 million shares worth 8.2 billion MNT (7.0 million USD) of 475 state owned entities were successfully traded through MSE during 1992-1995. Moreover, the secondary market on MSE has been held since 1995.
The first Securities Act was enacted in 1994, followed by the establishment of Securities Committee. In addition to that 29 state owned brokerage firms were privatized, the status of MSE was changed into non-profit, securities trading and related service providing entity according to the enactment 170 by Mongolian Government in 1995.
The Securities Act's 2002 renewal reformed the status of MSE into a state owned company and allowed it to perform securities trading and other business activities that comply with Mongolian laws and regulations.
The main purpose of the MSE is to register securities and categorize them according to the set rules and regulations, ensure trading preparedness, carry out open and fair trading, provide trading information to the public and protect investors' rights and interests.
The main indicator and benchmark of Mongolian Stock Market was initially comprised of 75 companies, TOP_75. In 2003, a number of companies in the basket were reduced to 20 companies, TOP-20.

The mission of the MSE is to add value to the economy of Mongolia by providing the high quality and the cost-effective marketplace for the trading of financial instruments and promoting confidence in the market for long term.