On 9 April 2024, the Business Council of Mongolia, in collaboration with our esteemed member Golomt Capital, hosted its April Monthly Meeting under the theme of “Opportunities in Mongolian Capital Markets”. This exclusive session aimed to provide in-depth insights into effective strategies for raising capital and explore and discuss the diverse opportunities for Mongolian businesses within capital markets. BCM’s April Monthly Meeting included high-profile keynote speakers and panelists from the Financial Regulatory Commission, Mongolian Association of Securities Dealers, Golomt Capital, Khan Altai Resource, Capital Markets Mongolia, and LendMN.

Opening:
Ts. Tumentsogt, Chairman of the Board, the Business Council of Mongolia

Keynote Speakers:
N. Narangerel, Head of Investment Banking at Golomt Capital LLC
E. Zolbayar, CEO of Capital Markets Mongolia

Moderator:
E. Zolbayar, CEO of Capital Markets Mongolia

Panelists:
B. Buyankhishig, Secretary-General of the Mongolian Association of Securities Dealers
B. Dulguun, Director-General of the Securities Market Department, Financial Regulatory Commission
S. Gan-Erdene, CEO of Golomt Capital (BCM Member Organization)
B. Gantulga, Chairman of Khan Altai Resource (BCM Member Organization)
Ts. Uuganbayar, CEO of LendMN and Board Member of the BCM (BCM Member Organization)

We would like to extend our heartfelt gratitude to Golomt Capital and everyone who participated in and contributed to the April Monthly Meeting. Special thanks to our keynote speakers, panelists, and moderator for sharing their insights and expertise.

The Business Council of Mongolia hosted its March Monthly Meeting under the theme of "Effects of ESG on the Housing Market". The meeting was held on 22 March 2024 at the Shangri-La Hotel Ulaanbaatar, Ballroom during the "House Expo 2024”. The BCM’s March Monthly Meeting included high-profile keynote speakers and panelists from the Mongolian Green Building Council, GRATA International Mongolia Law firm, Ministry of Construction Urban Development, Financial Regulatory Commission, and Mongolian Mortgage Corporation.

Keynote Speakers:
A. Undraa, President of the Green Building Council of Mongolia and Board Member of the BCM
V. Bolormaa, Partner and Executive Director of GRATA International Mongolia Law firm
B. Dulguun, Director of Progressive Policy Institute

Moderator:
Ts. Tumentsogt, Chair of the BCM Board

Panelists:
E. Batbold, Director General of Development Policy Planning and Urban Development Department, Ministry of Construction and Urban Development
V. Bolormaa, Partner and Executive Director of GRATA International Mongolia Law firm
N. Enkhbaatar, Senior Referent of Policy Division of the Securities Market Department, Financial Regulatory Commission
B. Gantulga, CEO of Mongolian Mortgage Corporation
A. Undraa, President of Mongolian Green Building Council and Board Member of the BCM

We would like to extend our heartfelt gratitude to everyone who participated in and contributed to the Business Council of Mongolia's March Monthly Meeting under the theme of “Effects of ESG on the Housing Market”. Special thanks to our keynote speakers, panelists, and moderator for sharing their insights and expertise.

On 11 March 2024, the Business Council of Mongolia and the Young Researchers Supporting Foundation hosted a roundtable discussion on "Entrepreneurial Freedom and the Constitution of Mongolia." The event aimed to help participants better understand the constitutional rights related to business in Mongolia. It provided a platform for discussing how these rights impact entrepreneurs and the business environment in the country. The discussion encouraged dialogue and knowledge sharing among attendees, promoting a deeper appreciation for constitutional rights in Mongolia's business community.

During the event, the Young Researchers Supporting Foundation and TUSS Solution LLC gave a brief presentation on their plan to conduct research on the current laws governing business relations in Mongolia. The proposed research would utilize systemic engineering methodology—a method developed and tested by TUSS Solution and the Young Researchers Supporting Foundation.

The BCM extends its appreciation to Young Researchers Supporting Foundation and TUSS Solution for the excellent and insightful presentation, and thanks all attendees for their active participation.

The Business Council of Mongolia organized its “Knowledge Sharing Session” on 4 March 2024 at the Shangri-La Office under the topic of “ESG in Sports: A Game-Changer for the Industry” presented by Kh. Nominzul, partnership manager of Mongolia 3x3 Basketball Association.

The purpose of this KSS was to redefine the perception of sports, shifting it from just an entertainment to a platform for advancing broader societal and environmental objectives. This encompassed the promotion of inclusivity, diversity, and environmental stewardship. The initiative aimed to underscore the potential of sports events as catalysts for enhancing Environmental, Social, and Governance (ESG) indicators. This KSS aimed to inspire stakeholders within the sports sector to embrace their role in fostering sustainability and social responsibility.

The BCM extends its appreciation to Kh. Nominzul for the excellent and insightful presentation, and thanks all attendees for their active participation.

On 1 March 2024, the 3rd "Mongolia - China (Heilongjiang Province) Trade Cooperation Forum 2024 Investment Introduction Meeting" was jointly organized by the International Expo Development and Promotion Center of Heilongjiang Province, the Business Council of Mongolia, China General Chamber of Commerce in Mongolia, the Mongolian National Chamber of Commerce and Industry, and the Mongolian Employers’ Federation.

2024 marks the 75th anniversary of the establishment of diplomatic relations between Mongolia and China and the 10th anniversary of the establishment of a comprehensive strategic partnership. In observance of this anniversary, the meeting was tailored to strengthen support for enterprises and companies operating in both Mongolia and Heilongjiang Province, fostering mutual cooperation and facilitating additional economic and trade prospects. This meeting was organized by the International Expo Development and Promotion Center of Heilongjiang Province, along with Heilongjiang Province's City (Regional) Trade Support Organization, Economy and Trade Departments, as well as the province's agriculture, technology, mining, green healthy food, and international trade departments.

During this event, the Business Council of Mongolia and the China Council for the Promotion of International Trade Heilongjiang Sub-council signed a strategic cooperation agreement. This agreement is intended to enhance friendly relations between the two sides, promote trade and investment, and advance cooperation in industry exchanges, including preparations for conferences and exhibitions.

On 29 February 2024, the Business Council of Mongolia (BCM) held a meeting with representatives from the China Council for the Promotion of International Trade Heilongjiang Sub-council and the International Expo Development and Promotion Center of Heilongjiang Province.

During the meeting, Ts. Tumentsogt, Chair of the BCM, presented an overview of the BCM's structure and membership, as well as insights into Mongolia's economic and business environment. Discussions also focused on exploring opportunities for cooperation between Mongolia and Heilongjiang Province.

Representatives from the China Council for the Promotion of International Trade Heilongjiang Sub-council and the International Expo Development and Promotion Center of Heilongjiang Province thanked for the thorough details shared about the BCM and Mongolia's economic landscape. In return, they explained how the Heilongjiang International Expo Center works, talked about the economic policies in Heilongjiang set by China's government, and invited the BCM to participate in the Harbin International Trade Fair in May.

The following representatives participated in the meeting:
Ts. Tumentsogt, Chair of the BCM
D. Jargalsaikhan, Member of the Board of Directors of the BCM
China Council for the Promotion of International Trade Heilongjiang Sub-council
International Expo Development and Promotion Center of Heilongjiang Province

BCM Member companies:
HushKhan
GRATA International Mongolia Law Firm
Monos Group

The BCM would like to extend its gratitude to all the BCM Members and the representatives of Heilongjiang province for taking the time and participating to our roundtable meeting.

On 7 February 2024, the BCM and the University of Finance and Economics (UFE) jointly organized a roundtable discussion on the topic of the "Mining Industry and Foreign Direct Investment in Mongolia" at the Ministry of Foreign Affairs. Panelists and attendees included distinguished professors and researchers, government officials, and representatives from chambers of commerce, NGOs, and mining companies.

Sh. Margad, Head of the Industrialization and Infrastructure Division of the Ministry of Economy and Development, briefed the audience on the economics impacts of FDI and the current and historic investment environment.

M. Dagva, Lecturer at the School of Mining and Geology at the UFE, presented on opportunities and challenges concerning FDI in mining.

After the presentations, two separate panel discussions were held on opportunities and challenges in FDI and social and economic impacts of FDI in mining, moderated by UFE Chairman R. Amarjargal and Associate Professor J. Delgersaikhan, respectively.

The BCM would like to extend its appreciation to the UFE as well as all the panelists and attendees.