Economy
Agreement lets Mongolia, Japanese stock exchanges move closer to joint ventures PDF Print E-mail
News - Economy
Wednesday, 21 May 2008 07:36
A big step towards extending the reach of the Mongolian Stock Exchange took place Tuesday when an agreement was signed with the Tokyo Stock Exchange. 

The agreement, a vaguely worded memorandum of understanding pledging increased cooperation between the stock exchanges, in reality is the first step towards eventually allowing trading on both countries’ stock exchanges. 

"I am confident that the memorandum will help bring Mongolia and Japan closer together and strengthen our two Exchanges partnerships in the period ahead," commented Mr. Sodkhuu Rentsen, CEO of the Mongolian Stock Exchange. 

In a further statement released by both exchanges, slight hints about future trading were mentioned. “Both Exchanges wish to foster the development of channels of communication and a cooperative relationship between them for the purpose of supporting and advancing the development of the securities markets in both Japan and Mongolia,” read the statement. 

The Mongolian stock exchange is the sole provider of securities trade-related services in Mongolia and is a 100 per cent government owned corporation.

feedSubscribe to this comment's feed
0
...
reply written by lawyer, May 27, 2008
As an lawyer ,Mongolia need improve corporate governance, without this thing hard to attract any investment
Battsengel lawyer
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
0
...
reply written by JimDwyer, May 25, 2008
As an investment banker, I look forward to the Mongolian Stock Exchange functioning so that domestic and foreign companies can raise significant equity and debt capital on the MSE to finance Mongolian businesses.
0
...
reply written by roydongen, May 22, 2008
As director of Ganymedes a consulting firm on investment service i must say that the investment services companies with a focus on Mongolia will certainly welcome this first step to make it more attractive and easier to invest in Mongolia. It has a fast growing economy and its important to create more accessibility for investors in the capital and securities market.

Write comment

busy
< Prev   Next >
 
Home > Economy > Agreement lets Mongolia, Japanese stock exchanges move closer to joint ventures