Hong Kong forum focuses on investment in specific projects

A high-power Mongolian team was in attendance as The Mongolia Investment Summit-2010 in Hong Kong was inaugurated yesterday. Its members included D.Zorigt, Minister of Mineral Resources and Energy; Ts.Bayarsaikhan, Chief of the Standing Committee on the Economy; MP O.Chuluunbat; Z.Batkhishig, the Deputy Chief of the Foreign Investment and Foreign Trade Agency (FIFTA); Jim Dwyer, Executive Direrctor of the Business Council of Mongolia; senior officials of several financial and mining companies, including Khan Bank, Golomt Bank, Mon Atom, Mo En Ko and others.

Papers were presented on how to make investment in Mongolia more attractive, and the present situation of mining in Mongolia. The audience was about 200 strong, 160 of whom were from mining and infrastructure companies.

J.Jamul of The Rodman Renshaw Investment Bank, felt Hong Kong was the right choice for a forum to attract investment in Mongolia. He felt some Chinese companies are interested in buying mining assets in Mongolia, but Mongolian companies like the Mongolian Mining Corporation have shown they have the capacity to raise funds on their own.

FIFTA Deputy Chief Z.Batkhishig thought the forum has been able to focus on specific projects which is now expected to attract foreign investment.