A proposal has been made by the Mongolian cabinet to the State Great Khural (parliament) to privatise some state owned entities, namely, Mongolian Stock Exchange, the Orgil Sanatorium Resort, the State Bank and the Mongol Post.

“Mongolian Stock Exchange”, a state owned share-holding company, will be privatised for MNT20 billion by the Ministry of Finance. According to  evaluation from the first six months of the year, the company has been valued at MNT 5.45 billion. The “Mongolian Stock Exchange’ operated a MNT 613 million loss during the first six month of 2016.

The previous cabinet plans were that the company restructured a minimum of 34% of total shares under government and up to 66% of total shares to be offered to strategic and financial investors in several phases.

According to the Deputy Minister of Finance, 70% of state owned companies are operating at a loss.