The Mongolian Stock Exchange (MSE) annually organizes a bell-ringing ceremony in observance of International Women’s Day, calling on the public and capital market stakeholders to support gender equality.
The ceremony was attended by D. Munkhbat, Acting Chief Executive Officer of MSE; T. Khash-Erdene, Chief Business Development Officer; Kh. Erdeneburen, Chief Legal and Financial department Officer; I. Javkhlan, Director of the Operations Department; and O. Batzayaa, Acting Director of the Market Supervision and Regulation Department.
Distinguished guests included M. Mandkhai, Member of Parliament; B. Khulan, Deputy Minister of Finance of Mongolia; Matthieu Le Blan, Resident Representative of the International Finance Corporation (IFC) in Mongolia; Lin Cao, Resident Representative of the United Nations Development Programme (UNDP) in Mongolia; and B. Saruul, Member of the Financial Regulatory Commission of Mongolia. Female executives and leaders from listed companies, top enterprises, and member securities firms of the MSE were also invited as honorary guests.
The event was moderated by T. Khash-Erdene, Chief Business Development Officer of MSE, who highlighted the significance, scope, and objectives of the initiative.
Opening Remarks
In his opening remarks, Acting CEO D. Munkhbat expressed gratitude to the distinguished guests for attending and extended his greetings to all women on the occasion of International Women’s Day.
He noted that in 2026, stock exchanges in more than 80 countries worldwide are joining this initiative for the 12th consecutive year in cooperation with organizations such as the United Nations Global Compact, UN Women, the Sustainable Stock Exchanges Initiative, the International Finance Corporation, and the World Federation of Exchanges. The initiative aims to raise awareness of gender equality in workplaces, markets, and communities, promote the benefits of women’s empowerment, and encourage gender-sensitive policies in corporate governance.
MSE has supported this initiative and organized the bell-ringing ceremony for the 10th consecutive year.
He emphasized that ensuring gender equality within organizations supports the principles of human rights and fairness while enabling decision-makers to adopt a gender-sensitive perspective, which ultimately improves organizational performance and evaluation.
Therefore, the Mongolian Stock Exchange called upon capital market participants, listed companies, and member firms to actively promote gender equality.
Remarks by Member of Parliament
Member of Parliament M. Mandkhai highlighted that stock exchanges around the world are uniting their voices to promote gender equality through this global initiative.
She noted that organizations joining the initiative are not only leaders of change but also key drivers of sustainable development. While Mongolia has already established a legal framework for gender equality, achieving this goal in practice requires active participation and collaboration among the public sector, private sector, and financial institutions.
Implementing gender-sensitive policies among capital market participants is essential for ensuring equal opportunities, increasing women’s economic participation, and supporting sustainable business growth.
Remarks by the Deputy Minister of Finance
Deputy Minister of Finance B. Khulan stated that gender issues are not limited to individual sectors but reflect the voices, backgrounds, experiences, and ideas of different social groups contributing to economic decision-making.
She emphasized that financial markets are not only about numbers—they also reflect societal values and demonstrate the direction in which the economy is developing.
Remarks by the IFC Resident Representative
Matthieu Le Blan, Resident Representative of the International Finance Corporation in Mongolia, shared global statistics indicating that women hold 23.3% of board positions, 17.6% of CAO roles, 8.4% of board chair positions, and 6% of CEO positions worldwide.
He highlighted that expanding access to jobs and economic opportunities for everyone increases global productivity, security, and economic growth. Research shows that removing barriers to women’s participation in the labor market could increase productivity by 15–20%.
He also noted that Mongolia is a strong example of how powerful and capable women can be when given opportunities.
Remarks by the UNDP Resident Representative
Lin Cao, Resident Representative of the United Nations Development Programme in Mongolia, stated that International Women’s Day is a global call for women’s and girls’ rights and justice.
Despite existing legal frameworks, women and girls worldwide still face discrimination, violence, and social exclusion. In Mongolia, UNDP works closely with the Ministry of Justice and Internal Affairs and other partners to promote human rights, gender equality, and gender-sensitive, citizen-centered services.
Remarks by the Financial Regulatory Commission
B. Saruul, Member of the Financial Regulatory Commission, stated that the commission continues to implement numerous initiatives to develop the capital market.
She highlighted that 2025 was an important year as deposit certificates were introduced to the market, and in 2026, the commission is working with the International Finance Corporation to introduce green finance instruments. She also noted that the commission is a member of the National Gender Committee and actively promotes gender equality, particularly women’s participation, across its operations.
Bell-Ringing Ceremony
On this day, stock exchanges in more than 80 countries worldwide conducted bell-ringing ceremonies to support gender equality. The 7661st trading session of the Mongolian Stock Exchange was officially opened with this ceremony.
Highlight
Notably, Khan Bank, a company listed in MSE’s Tier I, has implemented environmental and social policies in its lending operations since 2011 and aligned its activities with the 17 Sustainable Development Goals of the United Nations.
In July 2025, the bank introduced a new financial instrument—the Gender Bond—to support women-led small and medium-sized enterprises.
The bank successfully raised MNT 30 billion by offering 300,000 bonds to investors in the domestic market, each with a face value of MNT 100,000, 16% annual interest, and a 36-month maturity.
MONGOLIAN STOCK EXCHANGE