The Yangon Stock Exchange (; abbreviated YSX) opened in December 2015, at the former Central Bank of Myanmar and Myawaddy Bank headquarters in

Yangon Yangon, formerly romanized as Rangoon, is the capital of the Yangon Region and the largest city of Myanmar. Yangon was the List of capitals of Myanmar, capital of Myanmar until 2005 and served as such until 2006, when the State Peace and Dev ...

. On 23 December 2014, two Japanese firms, Daiwa Institute of Research, the research arm of

Daiwa Securities Group is a Japanese investment bank that is the second largest securities brokerage after Nomura Securities. Major subsidiaries include ''Daiwa Securities'', which offers retail services such as online trading to individual investors and investment ...

and

Japan Exchange Group , abbreviated as JPX or Nippon Torihikijo, is a Japanese financial services company headquartered in Tokyo and Osaka. It is a "financial instruments exchange holding company" subject to the regulations of the Financial Instruments and Exchange A ...

, established a joint venture with the state-owned Myanma Economic Bank to establish this stock exchange. The joint venture firm, the Yangon Stock Exchange-Joint Venture Limited will have a working capital of . The

Securities and Exchange Commission The United States Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street crash of 1929. Its primary purpose is to enforce laws against market m ...

has selected Kanbawza Bank to be YSX' settlement bank.

Building history

The YSX building, located on the corner of Sule Pagoda Road and Merchant Street, formerly housed the Central Bank of Myanmar. The neoclassical structure was designed by G Douglas Smart, and opened in 1939, as the Rangon branch of the

Reserve Bank of India Reserve Bank of India, abbreviated as RBI, is the central bank of the Republic of India, and regulatory body responsible for regulation of the Indian banking system and Indian rupee, Indian currency. Owned by the Ministry of Finance (India), Min ...

, and managed British Burma's financial system, even after its separation from British India in 1937. Following monetary independence from Britain, the building became home to the Union Bank of Burma (ပြည်တောင်စုဘဏ်), and the first

Burmese kyat The kyat ( or ; ; ISO 4217 code MMK) is the currency of Myanmar (Burma). The typical notation for the kyat is "K" (singular) and "Ks." (plural), placed before the numerals followed by "/-". Amounts less than K. 1/- are typically denoted w ...

s were issued there in July 1952. It remained the site of Myanmar's central bank until 1993, when it became occupied by the military-owned Myawaddy Bank.

Listed Companies

There are currently 8 companies Listed on the Stock Exchange.

References

{{coord missing, Myanmar 2015 establishments in Myanmar Financial services companies established in 2015 Economy of Myanmar Stock exchanges in Asia Economy of Yangon Daiwa Securities Group Japan Exchange Group Stock exchanges in Southeast Asia Buildings and structures in Yangon Buildings and structures completed in 1939

Building history

Listed Companies

See also

References