Mongolian Stock Exchange market potential of 45 billion USD | Ubpost News: "The Mongolian Revised Securities Market Law will come into effect on January 1, 2014 and legal organizations are currently working to reform related laws and regulations before its arrival. In the first stage, 16 packs of regulations on special operation permits will be discussed at the meeting of Financial Regulatory Commission by August 1.
The law’s initiators stress that the Mongolian stock exchange market, valued at 1.4 trillion MNT as of July 2, will be able to grow, as well as its convertibility, by introducing reformed and revised regulations in Mongolia’s securities market.
According to one calculation, the Mongolian stock exchange market has the potential to reach 45 billion USD depending on Mongolia’s practical possibility of securities market growth.
Today, 20 major with high market value business entities registered on the Mongolian Stock Exchange comprise 86 percent of Mongolia’s securities market value. But after the revised regulations are launched, the Mongolian stock exchange market’s value could rise by five billion USD if some of the domestic and major companies, such as MCS Group, Mobicom or Tavanbogd, release their shares."
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The law’s initiators stress that the Mongolian stock exchange market, valued at 1.4 trillion MNT as of July 2, will be able to grow, as well as its convertibility, by introducing reformed and revised regulations in Mongolia’s securities market.
According to one calculation, the Mongolian stock exchange market has the potential to reach 45 billion USD depending on Mongolia’s practical possibility of securities market growth.
Today, 20 major with high market value business entities registered on the Mongolian Stock Exchange comprise 86 percent of Mongolia’s securities market value. But after the revised regulations are launched, the Mongolian stock exchange market’s value could rise by five billion USD if some of the domestic and major companies, such as MCS Group, Mobicom or Tavanbogd, release their shares."
'via Blog this'
