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Sovereign Wealth Funds Briefing - Categorized | People, Trends

Mongolia president Tsakhia Elbegdorj wants to cut state firms by one-third

Posted on 29 November 2013

The Mongolian government plans to slash the number of state-owned enterprises (SOEs) by one third to encourage private investment and set up a sovereign wealth fund, said Mongolian President Tsakhia Elbegdorj
Mongolia will also enact a law that will discourage companies owned by Mongolian ministers from competing with foreign and private firms, he said. Competition between Mongolian SOEs and private firms is “not good”, Elbegdorj told a Hong Kong Trade Development Council (TDC) luncheon audience that included Hong Kong businessmen………………………………………..Full Article: Source


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