Ulaanbaatar
Premier concludes his visit to Hong Kong
PoliticsUlaanbaatar /MONTSAME/ The Prime Minister of Mongolia Ch.Saikhanbileg Friday gave an interview, concluding his visit to Hong Kong, a Special Administration Region of China, and a participation in the 19th Annual Asian Investment Conference (AAIC).
Mr Saikhanbileg took part in the 19th AAIC as a general panelist, which took part April 5-8 in Hong Kong with a participation of some 600 high-level delegates, to give details about present situation of economy, financial and fiscal conditions, investments and business environment.
Within the AAIC, the PM held meetings with some officials such as Mr Jin Liqun, the first president of the Asian Infrastructure Investment Bank (AIIB), to share views on cooperation issues. The AIIB expressed a readiness to collaborate in the biggest projects on infrastructure in Mongolia. Furthermore, the sides concurred to co-organize an exhibition in Hong Kong to advertise Mongolia-made products and services.
"One of the vital actions of the Mongolian government is to let people of Mongolia become owner of wealth from mineral resources and to create a fund of wealth by transmitting the ‘Erdenes MGL’ LLC into a Singaporean Temasek model. So we met with some investors who can collaborate with Mongolia in this work. The Nobel Fund and the Canada’s Pension Fund have an interest in the issue. They proposed to cooperate with our government, in the first turn, in setting up a business-focused board independent from the government. To express my opinion, I gave interviews to CNN Asia, Bloomberg and Credit Suisse TV channels,” Saikhanbileg said.
He also said he had exchanged views with Mr Leung Chun-ying, the Chief Executive of Hong Kong, on attracting investors and businessmen to Mongolia for boosting innovation and technological spheres in Mongolia.
The Hong Kong’s side touched upon an issue of double-tax, saying it is possible to hold negotiations on it if investments from Hong Kong increase to Mongolia.
The Premier emphasized that a purpose of his visit has been fulfilled successfully. He said investors are still interested in Mongolia, and that Mongolia managed to deliver its message that it is still friendly to foreign investors.
