Mongolian-Chinese banking sector to be strengthened
The Mongolia-China Expo took place in Hohhot, China, with the participation of over 800 Mongolians from 383 organizations and they took part in 13 forums in regards to trade and investment.
Mongolian-Chinese banking sector to be strengthened. The Mongolia-China Expo took place in Hohhot, China, with the participation of over 800 Mongolians from 383 organizations and they took part in 13 forums in regards to trade and investment. During the event, Mongolia’s Bogd Bank signed a Memorandum of Understanding on Cooperation with the Bank of Inner Mongolia. In accordance with the document, both banks will be able to complete transactions in MNT, CNY and USD, as well as to promote trade through cooperation in trade financing and the development of syndicated loans for project financing needs within the region. With the expansion of Bogd Bank’s operations and the cooperation with the Bank of Inner Mongolia, it will create favourable opportunities for entrepreneurs and businesspeople in Mongolia and China, promoting bilateral economic cooperation and strategic partnership, and successfully initiated a long-term financial cooperation between the two countries.
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