Tokyo Stock Exchange Group (TSE Group) and Mongolian Stock Exchange (MSE) signed a Memorandum of Understanding (MOU) today.
Both Exchanges wish to foster the development of channels of communication and a cooperative relationship between them for the purpose of supporting and advancing the development of the securities markets in both Japan and Mongolia. Under the agreement, the two Exchanges will consider the possibility of co-operating on such matters as may be considered in the interests or for the mutual benefit of them.
Mr. Atsushi Saito, President and CEO of the TSE Group said, "I hope this MOU will contribute to the cooperative relationships between two Exchanges and the development of both markets as well as Asian market."
Mr. Sodkhuu Rentsen, CEO of the MSE said, "I am confident that the MOU will help bring Mongolia and Japan closer together and strengthen our two Exchanges partnership in the period ahead."