Eurasia Capital, a Hong Kong-based investment bank, and
MonBiz Media Ltd. have launched the MonBiz Hong Kong Index, the first index
that includes Mongolia-related companies listed on the Hong Kong Stock
Exchange. It will track the share price performance of Hong Kong-listed
companies with assets and operations in Mongolia. It is market
capitalization-based and is meant to be a leading benchmark for Hong
Kong-listed companies with growing activities in the country.

To become a member of the index, a company has

1. to be listed on the Hong Kong Stock Exchange,

2. to have minimum market capitalization of HKD250
million, and

3. to have at least 33% of its market value derived from
assets and operations in Mongolia.

Currently, there are six HKEx-listed companies that are
members with total market capitalization of USD4.8 billion. They are: Mongolia
Energy Co Ltd., SouthGobi Resources Ltd., Kiu Hung Energy Holdings Ltd., North
Asia Resources Holding, Solartech Intl Holdings Ltd., and Bestway Intl Holdings
Ltd.

Speaking at the launch, Alisher Ali, Chairman of Eurasia
Capital, said Hong Kong was becoming an important source of capital for
resource companies in Mongolia, and expressed the hope that Mongolian companies
from the private sector alone would raise at least USD3 billion through IPOs
and equity capital raising in Hong Kong in the next three years.