“In October, Mongolia’s parliament approved an investment law that ended different rules for domestic and foreign private investors, and lessened government approval requirements. The law will take effect on January 1. ‘The new law will spur more Chinese investment in Mongolia,’ said Alisher Ali, managing partner of Silk Road Management, an investment firm focusing on frontier markets. The previous investment law, enacted last year, had a negative impact on Mongolian companies, including those listed in Hong Kong, as it led to uncertainty over foreign ownership of Mongolian assets, Ali said. The new investment law repealed large chunks of the one in 2012, Ali said.”
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