On April 23, the Mongolian Stock Exchange (MSE) JSC officially inaugurated its new Capital Market Training, Service and Information Center, marking a significant step forward in enhancing financial literacy, capital market engagement and public access to investment knowledge.
Speaking at the ceremony, Acting CEO of the MSE B.Dulguun reflected on the institution’s history and outlined the goals of the new center. “As Mongolia transitioned from a centrally planned economy to a market economy, the exchange was established by Government Resolution No. 22 on January 18, 1991, with the goal of initiating privatization and developing the securities market,” he said.
He noted that the MSE has been operating from the Eldev-Ochir’s Cinema - a structure built in the 1940s and a central landmark in Ulaanbaatar’s urban redevelopment. In 2022, the government, through a series of resolutions, made a strategic decision to partially privatize the MSE. This included the offering of 34 percent of the exchange’s total common shares to the public and the transfer of the operating premises into the MSE’s ownership. When the exchange transitioned into a joint-stock company in 2022, a dedicated budget from accumulated capital was allocated to develop this center. The facility now expands the purpose of our historic location, offering a modern space for training, events, and communication in the capital markets sector, B.Dulguun explained.
The new center is expected to host a range of activities including training sessions, investor meetings, ceremonies, events, conferences and media productions. It aims to become a hub for capital market participants, fostering dialogue, collaboration and education.
Director of Business Development at MSE and Head of the working group responsible for the center’s development T.Khash-Erdene extended gratitude to the working group and partner organizations, highlighting their contributions to the successful completion of the project. Also speaking at the event, Deputy Chairman of the Financial Regulatory Commission (FRC) T.Tserenbadral emphasized the importance of the center in supporting the broader goals of capital market development in Mongolia.
“The MSE is at the heart of the country’s capital markets. Over the past 30 years, it has grown from supporting 29 brokerage firms to more than 50 today. This center is a welcome addition that will serve all participants, such as investors, firms and regulators, as a space for education, engagement and innovation,” T.Tserenbadral underlined.
He also reiterated the FRC’s commitment to aligning the country’s capital markets with international standards and expanding investment opportunities for the public.
