CABINET CONSIDERS STOCK MARKET ISSUE

Ulaanbaatar, Mongolia /MONTSAME/ The cabinet discussed and backed a draft new working of the law on stock market, and decided to add the cabinet members' opinions and submit to parliament.


The draft new working has been worked out with purposes to harmonize the stock market with present developmental tendency, to regulate activities of participants in the stock market in a detailed way, to protect interests of the public and investors, and to improve effectiveness of state regulation and inspections.

As the capital market size is increasing in Mongolia, the total market capitalization reached MNT 3,219.2 billion by February of 2011, and MNT 2,100.7 billion by November of 2011. As of today, 88 companies are working at the stock market in Mongolia.

B.Khuder