London Stock Exchange to manage MSE - News.MN

London Stock Exchange to manage MSE

Old News! Published on: 2011.01.05

London Stock Exchange to manage MSE

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Mongolian dealers have had little experience in international stock markets despite the possibilities to sell shares of strategic deposits world markets to raise capital. Therefore, the Government has announced a tender in 2010 to select a foreign stock exchange management team to operate in Mongolian Stock Exchange temporarily. Despite the biddings from Germany, Hong Kong, South Korea and Japanese teams, the Government chose the London Stock Exchange /LSE/ to restructure and run the Mongolian Stock Exchange and signed an agreement on December 25, 2010. However, the LSE management team will only operate for a year.
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