“Saruul Ganbaatar, the deputy head of Mongolia’s stock exchange, hopes the country’s days of interventionist economic policies are over and new laws ensuring foreign investors’ access to the frontier market’s industries will bring back sorely needed cash.
In mid-2012, Mongolia rushed into law restrictions on foreign ownership of strategic sectors such as mining, telecommunications and banking. The government hastily created the legislation to block Chinese state-owned Aluminum Corp of China (Chalco) from gaining a controlling stake in Mongolia-focused coal miner SouthGobi Resources. As a consequence Mongolia suffered a 52% year-on-year drop in foreign direct investment.”

http://www.brecorder.com/market-data/stocks-a-bonds/0/1268982/

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