The establishment of the Yangon Stock Exchange (YSX) in 2015 was a beacon of Myanmar’s deepening economic liberalisation. Moving in tandem with political liberalisation, its launch by the outgoing military-backed Thein Sein government arrived shortly after Aung San Suu Kyi’s National League for Democracy won a landmark election, ushering in a period of genuine civilian rule. Yet, between the YSX’s opening and the military takeover in 2021, activ…
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