Learning from Hong Kong: Mongolia’s Urbanisation and Infrastructure Development
Mongolia and Hong Kong: A Growing Partnership
Mongolia's envoy in Hong Kong, Khulan Onkhoon, stated that the nation can learn significantly from Hong Kong's robust urban infrastructure and logistics expertise. With rapid urbanisation in Ulaanbaatar impacting traffic and medical services, collaboration with Hong Kong is deemed essential.
Investment Opportunities and Economic Recovery
Han Zheng's advocacy for strengthened ties between the two regions opens avenues for dual stock listings and initiatives like the Invest Mongolia business forum, which has been dormant since COVID-19. The mining sector, accounting for a large part of Mongolia's exports, seeks investment to further its growth.
Addressing Urban Challenges
- Mongolia aims to learn from Hong Kong's best practices in public infrastructure and logistics.
- Efforts are underway to devise solutions for the pressing issues arising from rapid urbanisation.
- Negotiations for a double taxation agreement are ongoing to foster a favorable investment environment.
Education and Human Resource Development
To achieve developmental goals, Mongolia plans to enhance educational ties with Hong Kong, promoting its universities among Mongolian students seeking to fill skill gaps in knowledgeable sectors.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.