Mongolian Market Updates | November 12, 2024

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🌄 Good morning!

In support of trade openness and economic globalization, the Chinese government held its seventh annual China International Import Expo (CIIE) since 2018.

Representatives from the Government of Mongolia, the Mongolian National Mining Association, the Mongolian National Chamber of Commerce and Industry, and Capital Markets Mongolia participated in the event, showcasing Mongolia. We introduced the country to international investors and visitors and provided detailed information about the upcoming “Mining Week & MinePro 2025” event.

For more information on this event, please visit CMM’s Facebook page.

🗞️ In this week’s newsletter:

• CMM Guide: Green Finance

• Mongolia Investment Forum: Singapore 2024

• Market News

🟣 CMM Guide: Green Finance

Between 2010 and 2019, climate change-related damages worldwide amounted to $2.8 trillion. This equates to $16 million in losses per hour.

🤔 Meanwhile in Mongolia

Mongolia has set a goal to reduce greenhouse gas emissions by 22.7% by 2030. Achieving this goal will require a total of $6.3 billion.

👉🏼 How can this funding be secured?

• Developing green products that meet international standards

• Supporting an impact investment environment

• Expanding the green bond market

• Reducing the cost of green financing

• Establishing a carbon credit trading environment

For more detailed information on green financing opportunities, stay tuned for the upcoming edition of the CMM Guide: Green Financing.

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🌏 Mongolia Investment Forum: Singapore 2024

The Mongolia Investment Forum, organized by Capital Markets Mongolia, took place in Singapore from November 4-5, 2024. A total of 141 foreign investors from 91 different companies registered in Mongolia Investment Forum Singapore 2024.

👀 First Day

The first day, themed "Mongolian Market Connectivity," saw Mongolian delegates visiting the Singapore Stock Exchange to explore listing opportunities for local companies and banks. Meetings with Deutsche Bank also allowed participants from brokerage, underwriting, and asset management firms to discuss potential debt market opportunities for Mongolian companies.

🤔 Second Day

The main day of the Mongolia Investment Forum took place on November 5. The morning sessions covered energy reform and tariff liberalization, while the afternoon focused on debt market dynamics and new opportunities following Mongolia’s sovereign credit rating upgrade. Over 80 participants, including investors and analysts, engaged with Mongolian representatives.

Thank you to all the participants and sponsors of the forum for your invaluable contributions and support.

🏛️ Market News

• As of October 2024, Mongolia's foreign exchange reserves reached $4.7 billion, a 0.87% increase from the previous month and an 18% increase compared to the same period in 2023.

• Mongolia’s inflation rate stood at 7% in October 2024, rising by 0.3 percentage points from the previous month but decreasing by 1.6 percentage points compared to October 2023.

• Mongolia’s foreign trade turnover hit a record high of $22.8 billion in the first 10 months of this year. Exports increased by 5.9% year-on-year, reaching $13.2 billion, while imports surged by 26.8%, reaching $9.6 billion. But trade balance decreased by 26% to $3.6 billion.

• A total of 755,000 shares of Invescore NBFI [MSE: INV] were traded in a block trade, valued at ₮6 billion.

🟣CMM Services

Capital Markets Mongolia (CMM) specializes in providing strategic advisory to public companies on optimizing investor relations (IR) and advising on upcoming IPOs, bond issuances, and effective participation in the capital markets with a focus on efficiency and reputation. Additionally, we undertake market research and provide financial PR services.