The London Stock Exchange is the frontrunner to manage the Mongolian Stock Exchange according to Prime Minister Batbold recently in the press.
But the London Stock Exchange is already active in Mongolia to inform the business community about the possibilities to list at their exchange or at the AIM which is the sub-market of the London Stock Exchange for smaller companies.

Open discussion at Chinggis Khaan Hotel

This second Annual Mongolian Capital Markets Conference was organized by the London Stock Exchange in association with Renaissance.
The conference is took place in the Chinggis Khaan Hotel Ulaanbaatar on Wednesday 29 September 2010 where General Director Mr. Sam Sallam made sure the guests had nothing to wish for. There was early registration but guests could enjoy a hearty breakfast and already start networking which they could continue during lunch and the cocktail and canapés reception which was hosted by Rio Tinto.
During the conference you could get very good insights into the benefits of listing Mongolian companies on domestic and international exchanges,especially on the London Stock Exchange and its sub-market named AIM which allows smaller companies to float shares with a more flexible regulatory system than is applicable to the main market which might certainly attract Mongolian companies.
AIM was launched in 1995 and has raised almost £24 billion for more than 2,200 companies. Flexibility is provided by less regulation and no requirements for capitalisation or number of shares issued. Some companies have since moved on to join the Main Market, although in the last few years, significantly more companies transferred from the Main Market to the AIM (The AIM has significant tax advantages for investors,as well as less regulatory burden for the companies themselves).
AIM has also started to become an international exchange, often due to its low-regulatory burden, especially in relation to the Sarbanes-Oxley Act (though only a quarter of AIMlisted companies would qualify to list on a U.S. stock exchange even prior to passage of the Sarbanes-Oxley Act[3]). As of December 2005 over 270 foreign companies had been admitted to the AIM.
Key topics that were covered during the conference included the Mongolian Investment Climate, the future of trading on the Mongolian Stock Exchange, the importance of Corporate Governance, capital
markets strategies and best practices in investor communications.
Of course many people were very interested in the success story of Petro Matad which shares were admitted to trading on AIM, London Stock Exchange, on May 1st, 2008.Petro Matad is the first substantially Mongolian owned company to have its shares admitted to trading on any major international stock exchange.
Speakers included Mongolian government officials, Mongolian Stock Exchange representatives as well as senior representatives from leading investment funds and advisory firms.Remarkable was that from the major banks in Mongolia only TDB was present with a presentation by Deputy CEO Mr. Orkhon and as sponsor.
The conference was very wellattended and the audience was very enthusiastic about the level of the content presented by the speakers.There was less enthusiasm for the panel discussions which are maybe not necessary to include at every conference which seems to be a trend nowadays.
PricewaterhouseCoopers partner Mr. Dan Feder was enthusiastic about his firms future in Mongolia he told the director from Ganymedes Consultancy and Panthere Midland Audit, Mr.Roy Dongen. The Investment Officer Tsegts of Tenger Financial Group also appreciated the conference just as the people from ResCap.

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