ID :
92709
Wed, 12/02/2009 - 12:02
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https://oananews.org//node/92709
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"CAPITAL MARKET-KEY TO DEVELOPMENT" MEETING
Ulaanbaatar, /MONTSAME/ A meeting themed "Capital market-key to development" was held Tuesday in the Ministry of Foreign Affairs. At the invitation of the Prime Minister, all representatives and experts of capital market gathered for the meeting. This meeting was different from previous ones in gathering the highest officials of capital market, stock and insurance sectors.
Among the participants were the Vice-Minister of Finance T.Ochirkhuu, the president of the Mongol Bank L.Purevdorj, and a head of the Financial Regulatory Commission (FRC) D.Bayarsaikhan. The meeting was chaired by D.Sugar, the head of the State Property Committee (SPC).
The Premier underlined that the sum of stock trade at Mongolia's capital market is barely amounting 2.3 per cent of the Gross Domestic Product (GDP). The gathered criticized that money market is more developing in the country than the capital market. "There is no balance", they said. According to them, it is needed to refine upon legal environment for capital market, improve knowledge of people about capital market, and to prepare national skilled specialists in an aim to develop the both markets.
At the meeting, authorities of state-owned and state-participated factories and enterprisers pointed out that some 90 state-owned entities are working presently in the sectors of fuel, energy, mining, roadwork and communications. They said 72.7 per cent of them had deficit this year. They added that the state-owned enterprisers are working with deficit due to not liberating prices, and then emphasized an importance of increasing investments, when the state limits the price policy. "This mist be freed from politics," they said.
B.Khuder
19.04
Among the participants were the Vice-Minister of Finance T.Ochirkhuu, the president of the Mongol Bank L.Purevdorj, and a head of the Financial Regulatory Commission (FRC) D.Bayarsaikhan. The meeting was chaired by D.Sugar, the head of the State Property Committee (SPC).
The Premier underlined that the sum of stock trade at Mongolia's capital market is barely amounting 2.3 per cent of the Gross Domestic Product (GDP). The gathered criticized that money market is more developing in the country than the capital market. "There is no balance", they said. According to them, it is needed to refine upon legal environment for capital market, improve knowledge of people about capital market, and to prepare national skilled specialists in an aim to develop the both markets.
At the meeting, authorities of state-owned and state-participated factories and enterprisers pointed out that some 90 state-owned entities are working presently in the sectors of fuel, energy, mining, roadwork and communications. They said 72.7 per cent of them had deficit this year. They added that the state-owned enterprisers are working with deficit due to not liberating prices, and then emphasized an importance of increasing investments, when the state limits the price policy. "This mist be freed from politics," they said.
B.Khuder
19.04
