The non-binding agreement aims to encourage the use of local capital markets and to share knowledge on capital markets. The MoU is based on the common activities of the two exchanges, including sustainability efforts, as the Mongolian Stock Exchange, like BSE, is a member of the UN’s Sustainable Stock Exchanges (SSE) initiative.

The Ulaanbaatar-based Mongolian Stock Exchange was founded in 1992. The stock exchange played an important role in the early stages of Mongolia's privatisation process, with 475 state-owned companies listed in the process, and with the involvement of nearly a million small investors. There are currently 180 companies traded on the MSE spot market.

In January this year, the Mongolian Stock Exchange went public, selling 34% of the company's shares for USD 3.5 million.