STATE HEAD MEETS CEO OF LONDON STOCK EXCHANGE

Ulaanbaatar, Mongolia /MONTSAME/ The CEO of the London Stock Exchange Group Mr. Xavier Rolet has underlined that the cooperation between the Mongolian Stock Exchange (MSE) and the London Stock Exchange (LSE) have been fruitfully and successfully developing. He said it on Monday during a meeting with the State Head of Mongolia visiting the United Kingdom. Mr. Rolet pointed out that the sides are cooperating in making the Mongolian Stock Exchange a world-standard stock exchange, and also doing many works to improve the capital market and its legal environment in Mongolia, to motivate the market participants and to improve the human resources. In response, the President Ts.Elbegdorj highlighted that the cooperation between the MSE and LSE has been contributing to the bilateral economic cooperation. After this, the President addressed the Mongolia-Britain business forum opened on Monday in the LSE. Present at the forum's opening were Prince Michael of Kent; Lord Green of Hurstpierpoint, Minister of State for Trade and Investment; and Mr. John Grogan, a leader of the Mongolia-Britain Chamber of Commerce. The Mongolia-Britain business forum brought together some 200 businessmen from both countries. They admitted that the business forum was vital measure for bringing the bilateral trade and economic ties into a new level, propagandizing the Mongolia's economic and investment opportunities in Britain, augmenting investments of the Great Britain to Mongolia and creating business partnerships. They also agreed that the forum has contributed to regularizing mutual visits of business delegates, issuing shares at international financial market and increasing opportunities of creating financial resources. By the previous year, about 100 enterprisers with investments of USD 51 million from the British side carried out business in Mongolia, and the bilateral trade turnover has reached USD 100 million. In addition, the Great Britain has become the second biggest investor for Mongolia among members of the European Union (EU). B.Khuder