The market capitalization of the Mongolian Stock Exchange (MSE)surged 45.6 percent year on year to MNT 5.3 trillion in the first quarter of this year, according to the Financial Regulatory Commission of Mongolia.
Trading volume /MNT billion/
The MSE was named the world’s top-performing exchange of 2021 and is maintaining growth in 2020. The exchange was added to the Watch List for ‘Frontier Market’ status by the FTSE Russell Group of the U.K in 2021. This was an important factor in promoting the Mongolian stock market internationally and providing significant support in attracting professional investors to the country. The total market capitalization of MSE reached its peak of MNT 5.8 trillion, which equals 12 percent of the country’s GDP, in 2021.
The amendment to the Law on Banking was enacted by the Mongolian Parliament on January 29, 2021. The so-called “systemically important” commercial banks in Mongolia are obliged to be listed and issue an IPO by June 30, 2022. Also, ownership of a single shareholder shall be capped at 20% of the total shares of any bank, effective from December 31, 2023.
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