Khurts's shadow over announcement of choice of London Stock Exchange
The London Stock Exchange (LSE) has been chosen to restructure and run the Mongolian Stock Exchanges (MSE) to prepare it to provide all kinds of financial services required in a growing modern economy, according to officials talking off the record. However a formal announcement may take some time to be made as the issue of Mr. B.Khurts has to be resolved first.
Altogether 10 stock exchanges from all over the world had responded to an advertisement from the State Property Committee (SPC) for the job, but the SPC found none of them met its requirements. This was some weeks ago. Despite this, an LSE team studied how the MSE worked, went back to England, and then organized a conference in Ulaanbaatar to discuss the needs of Mongolia’s capital market.
Prime Minister S.Batbold clearly wants the LSE to get the responsibility and his planned visit to Great Britain beginning late last month would have sealed the deal. However, the visit was postponed indefinitely, presumably because of the arrest of Mr. Khurts, and until this unforeseen complication is removed, any public announcement of cooperation between Mongolia and anything British is unlikely.
Source: English.News.mn
Altogether 10 stock exchanges from all over the world had responded to an advertisement from the State Property Committee (SPC) for the job, but the SPC found none of them met its requirements. This was some weeks ago. Despite this, an LSE team studied how the MSE worked, went back to England, and then organized a conference in Ulaanbaatar to discuss the needs of Mongolia’s capital market.
Prime Minister S.Batbold clearly wants the LSE to get the responsibility and his planned visit to Great Britain beginning late last month would have sealed the deal. However, the visit was postponed indefinitely, presumably because of the arrest of Mr. Khurts, and until this unforeseen complication is removed, any public announcement of cooperation between Mongolia and anything British is unlikely.
Source: English.News.mn
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