3,381.24
The
London Stock Exchange (LSE) has been chosen to restructure and run the
Mongolian Stock Exchanges (MSE) to prepare it to provide all kinds of financial
services required in a growing modern economy, according to officials talking
off the record. However a formal announcement may take some time to be made as the
issue of B.Khurts has to be resolved first.
Altogether 10 stock exchanges from all over the world had responded to an advertisement
from the State Property Committee (SPC) for the job but the SPC found none of
them met its requirements. This was some weeks ago. Despite this, an LSE team
studied how the MSE worked, went back to
England, and then organized a conference in Ulaanbaatar to discuss the needs of
Mongolia’s capital market.
Prime Minister S.Batbold clearly wants the LSE to get the responsibility and his
planned visit to Great Britain beginning late last month would have sealed the
deal.However, the visit was postponed indefinitely, presumably because of the
arrest of Khurts, and until this unforeseen complication is removed, any public
cooperation between Mongolia and Great Britain is unlikely.
London Stock Exchange (LSE) has been chosen to restructure and run the
Mongolian Stock Exchanges (MSE) to prepare it to provide all kinds of financial
services required in a growing modern economy, according to officials talking
off the record. However a formal announcement may take some time to be made as the
issue of B.Khurts has to be resolved first.
Altogether 10 stock exchanges from all over the world had responded to an advertisement
from the State Property Committee (SPC) for the job but the SPC found none of
them met its requirements. This was some weeks ago. Despite this, an LSE team
studied how the MSE worked, went back to
England, and then organized a conference in Ulaanbaatar to discuss the needs of
Mongolia’s capital market.
Prime Minister S.Batbold clearly wants the LSE to get the responsibility and his
planned visit to Great Britain beginning late last month would have sealed the
deal.However, the visit was postponed indefinitely, presumably because of the
arrest of Khurts, and until this unforeseen complication is removed, any public
cooperation between Mongolia and Great Britain is unlikely.
