In order to accelerate the development of the Mongolian capital market, Mongolian Stock Exchange (MSE) has been working with Mongolian Insurers Association (MIA) to introduce new financial instrument into domestic market, which is one of the activities that plan to implement.

The financial market primarily consists of three sectors that include banking, capital market and insurance market. By improving capital and  insurance sectors that combines 2 percent of the Mongolia’s financial market,  representatives from  these two sectors work together comprising an opportunity to balance the financial sector and to achieve important step to the financial sector that emphasized  by officials.

 

To beginning of co-operation, representatives from two parties signed a Memorandum of Understanding on 18 June 2015. A Memorandum of Understanding consist of operation areas including, launching  the corporate bonds of insured companies, bringing  insurance funds into capital market, giving an assistance from MSE to insurance companies to issue IPO,  organizing meetings, seminars and workshops  between  investors, clients and official organizations.  The beginning of signing a Memorandum of Understanding, the president of Mongolian Insurers Association, Mrs.Chuluuntsetseg.D rang the opening bell of 5,001st trading session.

 

By issuing new bonds “Corporate bonds of Insured Companies”, reducing risk of investment, increasing possibilities for companies that wants to issue IPOs. Plus, bringing MNT13.0 billion of reserve fund of insurance companies into market to increase the domestic investments, and it will be essential step for financial market.  

 

Marketing and Public Relations Department
MONGOLIAN STOCK EXCHANGE