Mongolian President Leads Mission to Hong Kong

	At a luncheon reception today in his honour, Mongolian President Tsakhiagiin Elbegdorj outlined the latest developments in his country
	“Hong Kong can help your mining and resource companies find the financing and the commercial partners they need to expand and modernise,” said HKTDC Council Member and Standard Chartered Bank (Hong Kong) Ltd CEO Benjamin Hung, who also spoke at the luncheon
	Attending today’s luncheon in honour of Mongolian President Tsakhiagiin Elbegdorj were (left to right): Magvan Oyunchimeg, Vice Chairman of the Mongolian National Chamber of Commerce and Industry; Benjamin Hung, HKTDC Council Member and Standard Chartered Bank (Hong Kong) Ltd CEO; Tsakhiagiin Elbegdorj, President of Mongolia; and Benjamin Chau, Deputy Executive Director of the HKTDC
	HKTDC Deputy Executive Director Benjamin Chau (right) and Magvan Oyunchimeg, Vice Chairman of the Mongolian National Chamber of Commerce and Industry, today signed an MOU to strengthen economic and trade ties between Hong Kong and Mongolia. The signing ceremony was witnessed by Tsakhiagiin Elbegdorj, President of Mongolia (left, back row) and HKTDC Council Member and Standard Chartered Bank (Hong Kong) Ltd CEO Benjamin Hung
	Simon Galpin (right), Director-General of InvestHK, and Javkhlanbaatar Sereeter (left), Director General of Invest Mongolia, signed an MOU to boost  investment between Hong Kong and Mongolia. The signing ceremony was witnessed by Tsakhiagiin Elbegdorj, President of Mongolia (centre)

28 November 2013 – Tsakhiagiin Elbegdorj, President of Mongolia, led a business delegation of more than 100 business and government officials to Hong Kong today, his first official visit to the city. Today, he attended a Hong Kong Trade Development Council (HKTDC) luncheon organised to introduce Mongolia’s emerging opportunities to Hong Kong’s business community.

Largest Mongolian Mission
“This is the largest Mongolian delegation ever to Hong Kong,” said HKTDC Council Member and Standard Chartered Bank (Hong Kong) Ltd CEO Benjamin Hung, in welcoming the President and his mission members. The Mongolian contingent featured businesspeople from a broad range of sectors, including mining, construction, energy, finance, education and property. Hong Kong businesspeople in attendance came from the logistics, infrastructure, construction, finance and manufacturing fields.  

In his speech, the Mongolian president outlined the latest developments in Mongolia. Along with mining, he welcomed Hong Kong companies to explore opportunities in infrastructure, financial services and tourism.

Young Population
Mongolia’s GDP grew more than 12 per cent last year and was over 11 per cent through the first nine months of this year. The country, which became a WTO member in 1997, is enjoying a boom in mining and, with 70 per cent of the population under 35, offers significant potential for Hong Kong business.

Following the luncheon, the HKTDC and the Mongolian National Chamber of Commerce and Industry signed an MOU designed to strengthen economic and trade ties between the two economies. InvestHK and Invest Mongolia also signed an MOU designed to boost investment between Mongolia and Hong Kong.

Media Enquiries 
Please contact HKTDC's Media and Public Affairs Department:

Katherine Chan       Tel:      (852) 2584 4537       Email: katherine.cm.chan@hktdc.org

About the HKTDC
A statutory body established in 1966, the Hong Kong Trade Development Council (HKTDC) is the international marketing arm for Hong Kong-based traders, manufacturers and service providers. With more than 40 global offices, including 12 on the Chinese mainland, the HKTDC promotes Hong Kong as a platform for doing business with China and throughout Asia. The HKTDC also organises trade fairs and business missions to connect companies with opportunities in Hong Kong and on the mainland, while providing information via trade publications, research reports and online.