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Economy

Mongolian investment pitch met with skepticism

Altai Khangai, CEO of the Mongolian Stock Exchange, was met with harsh criticism from investors at the annual investment forum in Hong Kong. (Photo by Kenji Kawase)

HONG KONG -- Not long ago, Mongolia was a darling of global investors, enjoying the highest economic growth in Asia. Now the economy is undergoing restructuring and belt tightening.

While negotiations with the International Monetary Fund continue back home, officials came to Hong Kong this week to woo investors to reignite interest in the mineral-rich country, but they were met with an unhappy and unenthusiastic audience.

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