Myanmar Opens Stock Exchange
- The Asian nation is in bloom following the liberalization of the market after 2011.
Myanmar’s new Yangon Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term will be open for business tomorrow, although in all likelihood actual trading will not start immediately.
The Asian state, which spent decades under military rule, is currently considered a major growth market, with foreign direct investment reaching $8 billion in the 2014/15 financial year, two years after Western sanctions against the country were lifted.
$24-million investment
According to a CNBC report, the new bourse is the result of a $24-million investment in which state-owned Myanmar Economic Bank, Daiwa Securities and Japan Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Group participated. The latter two hold a 49 per cent stake in the bourse.
Strict eligibility criteria
Initially, only ten securities companies with conditional licenses will be allowed on the exchange to trade and provide underwriting services. As for companies that want to go public using the exchange, they will have to meet quite strict requirements for eligibility, such as having 100 shareholders, turning in profits for two years, and being compliant with tax legislation, according to one strategy consultant from Frontier Strategy Group, Adam Jarczyk, as quoted by CNBC.
the exchange is expected to support local companies’ expansion
Myanmar’s deputy finance minister Maung Maung Thein, the official in charge of the bourse’s creation, however, told Reuters that the exchange will support local companies’ expansion, even if trade does not begin immediately. This, he said, was the right moment for Myanmar to get its very own stock market.
Channel NewsAsia reported that even if some companies from the country’s booming industries qualify at this point for trading on the new bourse, foreign investors will not be initially allowed to buy them. So, at first, the stock market will operate exclusively for local investors.
Myanmar’s new Yangon Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term will be open for business tomorrow, although in all likelihood actual trading will not start immediately.
The Asian state, which spent decades under military rule, is currently considered a major growth market, with foreign direct investment reaching $8 billion in the 2014/15 financial year, two years after Western sanctions against the country were lifted.
$24-million investment
According to a CNBC report, the new bourse is the result of a $24-million investment in which state-owned Myanmar Economic Bank, Daiwa Securities and Japan Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Group participated. The latter two hold a 49 per cent stake in the bourse.
Strict eligibility criteria
Initially, only ten securities companies with conditional licenses will be allowed on the exchange to trade and provide underwriting services. As for companies that want to go public using the exchange, they will have to meet quite strict requirements for eligibility, such as having 100 shareholders, turning in profits for two years, and being compliant with tax legislation, according to one strategy consultant from Frontier Strategy Group, Adam Jarczyk, as quoted by CNBC.
the exchange is expected to support local companies’ expansion
Myanmar’s deputy finance minister Maung Maung Thein, the official in charge of the bourse’s creation, however, told Reuters that the exchange will support local companies’ expansion, even if trade does not begin immediately. This, he said, was the right moment for Myanmar to get its very own stock market.
Channel NewsAsia reported that even if some companies from the country’s booming industries qualify at this point for trading on the new bourse, foreign investors will not be initially allowed to buy them. So, at first, the stock market will operate exclusively for local investors.