Hong Kong Exchanges
& Clearing Ltd. has met Mongolian mining companies seeking to list in the
city, according to its Chief Marketing Officer Lawrence Fok, who was in
Ulaanbaatar last week for a forum on corporate capital raising. Hong Kong
Exchanges, which operates Asia’s third-largest stock market, is processing more
than 70 initial public offering applications from both overseas and local
companies, Fok said, declining to name the Mongolian companies or give a time
frame for possible listings.

He said, “Mongolia and other resource-rich countries share the same
characteristics of having a small population and massive resources, which would
benefit from China’s economic growth and its rising demand for resources.”