-

?
.
/-
/

MONGOLIAN ASSOCIATION OF SECURITIES DEALERS

- 4.7 , 4
, 0.7 .
/ /

,
.

.

MONGOLIAN ASSOCIATION OF SECURITIES DEALERS

2015 / /
12000

11,695.7

12000

8000

8000

4000

4000

546.4

510.3

20.4

* , , ,

: ,

MONGOLIAN ASSOCIATION OF SECURITIES DEALERS

/ /

600

5.6%

515.9

400

200
24.2

36.2

30.5

2014

94.4%

2015
:

MONGOLIAN ASSOCIATION OF SECURITIES DEALERS

8- :

150

148
144

144
140

140
130
120

127

129

124

125

2014-2015

2015-2016

110
100
2012-2013

2013-2014

MONGOLIAN ASSOCIATION OF SECURITIES DEALERS

No.

Mongolian Stock
Exchange
Ho Chi Minh City
Stock Exchange
Taiwan Stock
Exchange
Singapore Stock
Exchange
Warsaw Stock
Exchange

Yangon Stock
Exchange /
Myanmar Securities
Exchange Centre/

Philippine Stock
Exchange

1991

0.7 .

2000

51.0 .

1961
1999

742.5
.
665.0
.

1991

283 .

1996

19.2 .

1992

255.1
.

MONGOLIAN ASSOCIATION OF SECURITIES DEALERS

MONGOLIAN ASSOCIATION OF SECURITIES DEALERS

I.

. :
1.

2.
3.

MONGOLIAN ASSOCIATION OF SECURITIES DEALERS

/ /

90
80

79.1

74.25

70
60

52.2

50
40

30.85

30
20
10

3.09

7.43

7.91

11.4
1.14

5.22

7.4
0.74

0
2010

2011

2012

2013

2014

2015

MONGOLIAN ASSOCIATION OF SECURITIES DEALERS

32 :






//
/P , Red Chips/ .
: -

MONGOLIAN ASSOCIATION OF SECURITIES DEALERS

?


,


:

MONGOLIAN ASSOCIATION OF SECURITIES DEALERS

.

.

/ /
0.8
0.60

0.54

0.6
0.4

0.32

0.38

0.22
0.2
0.06

0.60

0.11

0.08

0.16

0.12

0.16

0.0
2010

2011

2012

2013

2014

2015

/11%/

/8%/

/ /

2,655.4 681.6
266.5
68.2

MONGOLIAN ASSOCIATION OF SECURITIES DEALERS

II.

1.

, , .

2.

,
, .

3.

-, utility
,
.

4.

MONGOLIAN ASSOCIATION OF SECURITIES DEALERS

III.

, ,
- .
. :
1.

, .

2.

. /
, , ,
./

3.

, ,
.

MONGOLIAN ASSOCIATION OF SECURITIES DEALERS

IV.

MONGOLIAN ASSOCIATION OF SECURITIES DEALERS

V.

, //
.

.

15 .


, IPO 5-
,
IPO
.

.
IPO- .
: , ,

MONGOLIAN ASSOCIATION OF SECURITIES DEALERS

VI.
,
VII.
,