“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  The new investment law repealed large chunks of the one in 2012, Ali said.”

http://www.scmp.com/business/china-business/article/1360736/mongolias-new-law-expected-attract-chinese-billions

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“Beijing’s plan calls for opening its financial markets and promoting greater foreign investment. The document also hints at changes in how companies file for stock market listings, the introduction of a bank deposit insurance scheme and an acceleration of interest rate liberalization. The roadmap seeks to roll back government control of state-owned enterprises and allow for greater competition with private firms and reform the country’s hukou system, which affects everything from employment to social benefits. Other initiatives tackle China’s pollution problem, promote social security programs, and call for a relaxation of the one-child policy.  The plan also seeks to abolish labor camps.”

http://money.cnn.com/2013/11/18/news/economy/china-reform/

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