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Myanmar Securities Exchange Centre : ウィキペディア英語版 | Myanmar Securities Exchange Centre
The Myanmar Securities Exchange Centre (MSEC), located in Yangon, Myanmar, is the country's only stock exchange. The exchange, a 50-50 joint venture between the state-owned Myanma Economic Bank and the Daiwa Securities Group, currently lists only two securities, both of which are rarely traded.〔 This over-the-counter (OTC) market is planned to be replaced by the Yangon Stock Exchange by 2015.〔 ==History== The MSEC is the country's second stock exchange after the Rangoon Stock Exchange, which traded shares of a few British and American stocks in the 1930s. The fledgling exchange, operated by seven European firms, was a secondary OTC market with most of the quotes sourced from Calcutta and Bombay exchanges. It closed down at the outbreak of World War II. The RSE was revived in the late 1950s to trade shares of nine public-private joint-venture corporations. But this OTC market too died in the 1960s when all the firms were nationalized by the military government that seized power in 1962.〔Yin Yin Mya 2000: 54〕 Another military government came to power in 1988, and it allowed the state-owned Myanma Economic Bank to form a 50-50 joint-venture with Daiwa Securities in April 1996. The Myanmar Securities Exchange Centre was formed with an authorized capital of 17 million USD and paid-up capital of 3.4 million USD in June 1996.〔Yin Yin Mya 2000: 57〕 It listed two public-private joint-venture firms: Forest Products Joint Venture Corporation and Myanmar Citizens Bank.〔Aung Hla Tun 2011〕 The exchange began its trading operations in December 1996.〔Yin Yin Mya 2000: 59〕
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