Mongolian Stock Exchange

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Domestic market capitalization
million US$

Mongolian Stock Exchange

Name Mongolian Stock Exchange
Country Mongolia
Number of listed companies 386
Domestic market capitalization 1840 million US$
SSE Partner Exchange Yes
Has annual sustainability report No
ESG reporting required as a listing rule No

  • However, as of February 2018, the MSE allows certain exemptions from some listing rules as well as a 20% discount on listing fees to any company that is implementing the SDGs.
Has written guidance on ESG reporting No
Offers ESG related training No
Market covered by sustainability-related index No
Has sustainability bond listing segment No
Has SME listing platform No
Women on boards mandatory minimum rule No
Additional information
Organizational model of stock exchange
  • State-owned for-profit organization.
Regulatory bodies

Regulatory model
  • Specialized government body.
About the stock exchange
Location: Ulaanbaatar, Mongolia.

  • The MSE was established in January 1991 in order to implement state privatization during the country’s transition to market economy from a planned economy. The secondary market trading started in 1995. MSE currently has 58 members, from whom 24 companies hold underwriting licenses. Main products are equities, government bonds and corporate bonds. Main market index is TOP-20, consisting of the top 20 companies by market capitalization and turnover. More information can be found here.

Criteria for Stock Exchange Database

The SSE maintains a database of sustainability activities for all stock exchanges that are either members of the SSE initiative and/or members of the World Federation of Exchanges. This database is the most comprehensive database of stock exchanges worldwide and contains data on all main stock exchanges. The information in this database is intended to inform investors and other stakeholders on the work stock exchanges are undertaking to advance sustainability in their respective markets.

The information provided in this database is based on publicly available information prepared by the SSE Secretariat with input from stock exchanges in most instances. Sources and explanatory notes on sustainability information have been included in individual Stock Exchange Fact Sheets. The criteria for each category can be found below.

While every effort is made to keep the information in this database up to date, please be aware that certain factors change frequently and therefore may not be exact, such as the number of listed companies or market cap.

Field

Criteria Considered
Country Country of primary residence or registration
Has signed the SSE Commitment Letter? To be considered an SSE Partner Exchange, the CEO or Chairperson of the exchange must sign an SSE commitment letter. Contact the SSE for more information if your exchange would like to join.
Has annual sustainability report? For a yes, stock exchanges must report, either in a stand alone report or integrated into their financial report, on their environmental and social impact and corporate governance.
ESG reporting required as a listing rule? For a yes, all three factors have been considered (environmental, social and governance) within the listing rules for some or all listed companies. This requirement may come from the regulatory authority or the exchange, depending on the market.
Offers written guidance on ESG reporting? For a yes, all three factors have been considered (environmental, social and governance). The SSE has developed a model guidance that all exchanges can use to develop their own guidance to issuers. For more details, click here.
Offers ESG related training? For a yes, training must have taken place in the previous 12 months, and must be interactive. The topic of the training must be on some area of sustainability.
Market covered by sustainability-related index? Sustainability-related indices may include environmental or social  indices, or ESG indices. This could include specific themes, such as low carbon indices, or general sustainability indices. The index must be specific to the market the exchange operates in (a region or world index is not included).
Has sustainability bond listing segment? For a yes, the exchange has developed the rules and regulations allowing for sustainability bonds to be listed, and provides a separate segment for listing making the bonds easy to find and identify.
Has an SME listing platform? For a yes, the exchange offers a listing platform specifically for Small-and-Medium sized enterprises.
Additional Information Additional Information captures exchanges’: sustainability section of websites,  sustainability products not captured under indices; information on future sustainability commitments and other information on the exchange
Organizational model of stock exchange Whether the exchange is listed or not, and when it was demutualized
Regulatory bodies The regulatory authority that sets listing requirements and capital market regulation for the exchange's market
Regulatory model

The extent to which exchanges have regulatory authority in their market. This may include:

  • Limited exchange SRO
  • Strong exchange SRO
  • Independent member SRO
  • Government (Statutory)
  • Non-SRO
About the stock exchange The location of the headquarters of the exchange, and any additional details about the stock exchange.