On 26 January 2026, the Mongolian Association of Securities Dealers (MASD), in cooperation with Capital Markets Mongolia LLC, successfully organized a Scientific Conference dedicated to the 30th anniversary of MASD at the MSE Hall of the Mongolian Stock Exchange.

During the conference, a total of six research papers were presented and discussed, covering topics such as the development, policy framework, efficiency, valuation of Mongolia’s capital market, investor behavior, as well as legal and tax environment issues. Participants exchanged research findings, conclusions, and recommendations.

Opening the conference, D.Munkhbat, Interim Chief Executive Officer of the Mongolian Stock Exchange, expressed his appreciation to the Mongolian Association of Securities Dealers and Capital Markets Mongolia LLC for organizing the scientific conference aimed at analyzing and addressing the urgently needed development policies and legal challenges of Mongolia’s capital market. He also wished success to all conference participants.

Best Research Paper Awards

• First Place
  “Constructing the Yield Curve of Government Securities of Mongolia”
  A. Bat-Orshikh, N. Tergel, O. Dandar

• Second Place
  “Evaluation of the Efficiency of Mongolia’s Capital Market and Ways to Improve It”
  J. Erdenechuluun, G. Dagvasuren, R. Darkhanbayar

• Third Place
  “Capital Market and Economic Linkages: An Empirical Study on the Impact of Investor Behavior Based on Mongolia and Emerging Central Asian Countries”
  Kh. Gulnur

The awards were presented by Mr. D. Munkhbat, Interim Chief Executive Officer of the Mongolian Stock Exchange.

MONGOLIAN STOCK EXCHANGE