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FRONTIER’S 5TH INVESTMENT CONFERENCE IN JAPAN
JICA Ichigaya Building, International Conference Hall
November 24, 2017
Invest Mongolia Tokyo
Post Conference Report
Invest Mongolia Tokyo
Message from CEO Dear Valued Clients, I am very pleased to announce that 5th Invest Mongolia Tokyo has successfully finished on November 24, 2017. The event has attracted about 37 speakers and 280 attendees from 10 countries and 205 organizations. Invest Mongolia Tokyo aimed to address following opportunities, risks and concerns that have been put forward by the investment communities from Mongolia, Japan and other nations. Through the presentations and panels, participants have gained the opportunities to understand different an-gles of approaches from politicians, authorities, banks, lawyers and investors. At the same time, exchanging the ideas with others during breaks and the networking events have been very stimulating for them. The conference was well received by participants because of following reasons. First of all, with the implementation of IMF program and the stable currency, the economic condition in Mongo-lia has started to pick up finally. And, the sense of the bottoming out of the economy were shared both by the authorities in Mongolia and the Japanese investors. Secondly, the conference was timely because it was held at the time just after the Party Congress of the Mongo-lian Peoples’ Party has selected Khurelsukh as the head of the party. The fact that the same person will act the party head and the Prime Minister was welcomed by Japanese investors because they believed the policies of the Government will be stable until 2020. Thirdly, Frontier has successfully invited many key decision makers, opinion leaders and investors to the confer-ence. So, participants could get the most updated perspectives of 1. The strong commitment by Japanese Government through IMF program to Mongolia and the favorable
political and economic outlook between Mongolia and Japan in 2018 2. The current economic condition in Mongolia, monetary policy of the central bank and the resilience of the
economy even with the vulnerability of the coal business. 3. The still weak impact of EPA and the necessity to modify it to accommodate the business demands. 4. The opportunities and risks for Japanese small to mid-sized corporations to do business in Mongolia. 5. The investment opportunities in various sectors (especially in banking, NBFI, mining, telecom and sovereign)
in Mongolia. 6. The legal developments in Banking and Finance Sector in Mongolia. 7. The strong interest by Mongolian Government to improve the investment climate. Lastly, I would like to thank the supporting organizations. The conference was supported by Government of Mongilia, JICA, JETRO and many others. Also, Melville Erdenedalai, Khangarid Properties, Oriental Invest and others have supported the event. Without their commitments, the conference could not be materialized. We want to organize the event annually and want to come back to Tokyo in December 2018. So, we welcome more active participation to the event from each of you next year. Thank you very much for attending the conference. Best Regard,
Masa Igata
Founder & CEO
Frontier Securities
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Invest Mongolia Tokyo
Summary of the conference
Invest Mongolia Tokyo conference welcomed 280 attendees and 37 speakers from 10 different coun-tries.
This year’s conference gathered 150 Mongolian and foreign organizations and companies from vari-
ous industries including mining, real estate, tourism, agriculture and finance. Below are the types of organizations who have participated into the conference. 1. Japanese Government and agencies: Ministry of Finance, Financial Service Agency, Ministry of Econo-
my, Trade and Industry, Tokyo Stock Exchange, JICA, JETRO, JCoal
2. Japanese Trading companies: Mitsubishi Corp, Mitsui &Co, Sumitomo Corp, Itochu, Marubeni, Sojitz
3. Japanese financial institutions: Bank of Tokyo Mitsubishi UFJ, SMBC, J-Trust, Daiwa Research Institute
4. Japanese Corporations: Softbank, Orix, KDDI, Mitsubishi Materials, TOA Institute
5. Mongolian Government and agencies: Ministry of Foreign Affairs, National Development Agency,
Bank of Mongolia, Ministry of Mining, Mongolian Embassy in Japan
6. Mongolian companies: Khan Bank, TDB, Mobicom, XAC Bank
7. International Organizations: Rio Tinto, International Monetary Fund, Asian Development Bank, ING
In addition to above organizations, the conference was attended by numerous other medium to small in-stitutions, universities and individuals.
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Invest Mongolia Tokyo
Event in Pictures
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Invest Mongolia Tokyo
Participation by countries
Mongolia 55 (People)
Japan 195
Other countries 30
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Invest Mongolia Tokyo
Conference Speakers (Part 1)
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Motoo Hayashi Parliament Member Chairman of Japan-Mongolia Friendship Parliamentarians' Union
Neil Saker Resident Representative International Monetary Fund
Yolanda Fernandez Lommen Country Director Asian Development Bank
Bold Luvsanvandan Parliament Member Former Minister of Foreign Affairs
Bayarsaikhan Banzragch Chairman National Development Agency
Takenori Shimizu Director,The TOA Institution Former Ambassador to Mongolia
B.Lkhagvasuren The Deputy Governor Bank of Mongolia
Chris Melville Founding Partner Melville Erdenedalai, Ulaanbaatar
Enkhbold Voroshilov Director General Ministry of Foreign Affairs Mongolia
Batjargal Dambadarjaa Chargé d'affaires ad interim Mongolian Embassy in Japan
John Bell CEO Khan Bank
Tatsuya Hamada Chairman & CEO Mobicom Corporation
Bold Sandagdorj Chief economist Xac Bank
Anthony Willoughby The Nomadic School of Business
Jun Yokoe Chief Representative Sumitomo Mitsui Banking Corporation Ulaanbaatar Representative Office
Michael Marshall Executive Director Applus+ Mongolia
Hiroto Fujiwara General Manager Sumitomo Corporation
Yoshito Yako Director, East Asia Division Japan International Cooperation Agency (JICA)
Invest Mongolia Tokyo
Conference Speakers (Part 2)
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Hirotake Hirose Chief Representative, Ulaanbaatar Repre-sentative Office The Bank of Tokyo-Mitsubishi UFJ, Ltd.
Hajime Uchida Chief Representative, Tokyo Representative Office Trade & Development Bank of Mongolia
Masami Tazaki Executive Director STR Partners
Hidetoshi Nagata General Manager - Head of Global Listings Tokyo Stock Exchange
Takuo Kidokoro Former Japanese Ambassador to Mongolia
Bold Otgonbaatar CEO Oriental Invest LLC
Jargalsaikhan Dambadarjaa Independent economist Jargal DeFacto
Erik Versavel Managing Director Country Representative Mongolia ING
Enkhsaikhan Nyamsuren Head of Sales Department BM Mongolian Partners
Bolortuya Jambal Director Khangarid Properties Co.,Ltd
Akifumi Nakanishi Director / Senior Consultant Asian Business Development Division Daiwa Institute of Research Ltd.
Vladimir Khundaa Project Manager of Copper smelting plant project Ministry of Mining
Nobuto Iwata Professor Aoyama Gakuin University
Bayarsaikhan Davaadorj, CFA Long Term Partners of Mongolia LLC
Erdenedalai Odkhuu Partner Melville Erdenedalai LLP
Baigalmaa Tsookhuu Associate Melville Erdenedalai LLP
Yoshitaka Hosoi Senior Advisor for Natural Resources Japan International Cooperation Agency (JICA)
Batdelger Baatar Project Engineer Mongol Refinery State-Owned LLC
Masa Igata Founder & CEO Frontier Securities
Invest Mongolia Tokyo
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Venue/International Conference Hall, JICA Global Plaza
8:30-8:58 Registration Opens
Session Chairman: Jargalsaikhan Dambadarjaa, Executive Director, The Defacto Institute
9:00-9:08 Opening Address: Masa Igata, CEO, Frontier Securities LLC
9:10-9:15 Keynote Speech: Motoo Hayashi, Parliament Member, Chairman of Japan-Mongolia Friendship Parliamentarians' Union
9:15-9:25 Keynote Speech: Batjargal Dambadarjaa, Chargé d'affaires ad interim, Embassy of Mongolia in Japan
9:25-9:33 Keynote Speech: Bayarsaikhan Banzragch, Chairman, National Development Agency
9:35-10:08
Panel: The outlook of the relation between Japan and Mongolia The opportunities on the economic developments of Mongolia from Japan The economic and political priorities in 2018 between the two countries to develop the relations further The reshuffle of the cabinet, the result of the Party Congress and their implications to foreign investors including Japan Moderator: Jargalsaikhan Dambadarjaa, Executive Director, The Defacto Institute Panelists: Bold Luvsanvandan, Parliament Member, Former Minister of Foreign Affairs Enkhbold Voroshilov, Director General, Ministry of Foreign Affairs Takuo Kidokoro, Former Japanese Ambassador to Mongolia
10:10-10:28
Presentation: Overview of Legal Developments in the Banking & Finance Sector Chris Melville, Founding Partner, Melville Erdenedalai LLP Erdenedalai Odkhuu, Partner, Melville Erdenedalai LLP Baigalmaa Tsookhuu, Associate, Melville Erdenedalai LLP
10:30-10:38 Presentation: Yolanda Fernandez Lommen, Country Director, Asian Development Bank ADB's Support to Mongolia in a Period of Economic Difficulty
10:40-11:58
Panel: The economic outlook – What does consensus forecast say? Current macroeconomic and financial sector in Mongolia: How sustainable is the improved external demand Priorities and policy actions of the Government in the next 3 years: Are they achievable in consistent to the IMF
program? What else need to be done by the government to satisfy its current and prospective debt and equity investors Implementation of the IMF program and its impact on the economy: Key updates and concerns of the second
review of EFF program Asset quality review: Expected potential change and development afterwards FDI outlook: How much potential FDI in which sectors we are talking about in coming 3 years? How to get financing internationally on growth area with priorities? Political risks: The continuity of the policies of the new cabinet and the possible delay of the implementation of
policies Moderator: Jun Yokoe, Chief Representative, Sumitomo Mitsui Banking Corporation Ulaanbaatar Representative Office Presentation: Lkhagvasuren Byadran, Deputy Governor, Bank of Mongolia Presentation: Bold Sandagdorj, Chief Economist, Xac Bank Panelists: Neil Saker, Resident Representative, IMF Bold Sandagdorj, Chief Economist, Xac Bank John Bell, CEO, Khan Bank Yolanda Fernandez Lommen, Country Director, Asian Development Bank Lkhagvasuren Byadran, Deputy Governor, Bank of Mongolia
12:00-12:38
Panel: The outlook for Mongolia’s Mineral Exports and its implications to Japanese investors Overview of Oyu Tolgoi, Tavan Tolgoi and other opportunities in Mining Japanese companies' involvements and opportunities in the industry Moderator: Masami Tazaki, Executive Director, STR Partners Panelists: Yoshitaka Hosoi, Senior Advisor for Natural Resources, Japan International Cooperation Agency (JICA) Hiroto Fujiwara, General Manager, Sumitomo Corporation Ulaanbaatar office Vladimir Khundaa, Project Manager of Copper smelting plant project, Ministry of Mining
Conference Program
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Invest Mongolia Tokyo
Session Chairman: Nobuto Iwata, Professor, Aoyama Gakuin University
12:40-12:58 Presentation: Jargalsaikhan Dambadarjaa, Executive Director, The Defacto Institute "New Budget and Old Method"
13:00-13:18 Presentation: Anthony Willoughby, The Nomadic School of Business
13:20-13:38 Presentation: The Success History of Mobicom and Telecom Industry in Mongolia Tatsuya Hamada, Chairman & CEO, Mobicom Corporation
13:40-13:48 Presentation: Vladimir Khundaa, Project Manager of Copper smelting plant project, Ministry of Mining
13:50-13:58 Q&A session
Session Chairman: Hajime Uchida, Chief Representative, Tokyo Representative Office, Trade & Development Bank of Mongolia
14:00-14:38
Panel: Doing Business in Mongolia Moderator: Hirotake Hirose, Chief Representative, Ulaanbaatar Representative Office, The Bank of Tokyo-Mitsubishi UFJ, Ltd. Panelists : Takenori Shimizu, Director, The TOA Institution & Former Ambassador to Mongolia Hiroto Fujiwara, General Manager, Sumitomo Corporation Ulaanbaatar office
14:40-14:48 Q&A session
14:50-15:08 Presentation: Neil Saker, Resident Representative, IMF
15:10-15:18 Presentation: Bolortuya Jambal, Director, Khangarid Properties Co.,ltd
15:20-15:28 Presentation: Enkhsaikhan Nyamsuren, Head of Sales Department, BM Mongolian Partners How Japanese companies can work on Mongolian projects with European Companies
15:30-15:38 Q&A session
15:40-16:18
Panel: Investment Opportunities in financial sector in Mongolia
The attractive interest rate and opportunities in NBFI (Non-Bank Financial Institutions)
The update on the recent issuance of 800 mil USD Soverign Debt and the opportunities for Bond investors
The undergoing asset quality review (AQR) and the opportunities to invest in banks
The reasons behind the 60% rise of the Mongolian Stock Exchange (MSE) and the opportunities going forward to invest in listed securities through MSE and foreign exchanges including Tokyo Stock Exchange (TSE)
The opportunities to invest in private equities Which sectors are attractive for Japanese investors and why? Moderator: Erik Versavel, Country Representative, Mongolia Representative Office, ING Panelists: Akifumi Nakanishi, Director/Senior Consultant, Asian Business Development Division, Daiwa Institute of Research Ltd Bayarsaikhan Davaadorj, CFA, Long Term Partners of Mongolia LLC John Bell, CEO, Khan Bank(Inviting) Hidetoshi Nagata, General Manager-Head of Global Listings, Tokyo Stock Exchange
16:20-17:18
Panel: Green and Infrastructure The strong demand to infrastructure development and areas of priorities by the Government The serious environmental issues in Mongolia and the measures to tackle the situation Infrastructure projects supported by Japan: Power Plant, New Airport, Renewable Energy(Wind and Solar),
Railway etc Moderator: Jargalsaikhan Dambadarjaa, Executive Director, The Defacto Institute Panelists: Chris Melville, Founding Partner, Melville Erdenedalai LLP, Ulaanbaatar Hirotake Hirose, Chief Representative, Ulaanbaatar Representative Office, The Bank of Tokyo-Mitsubishi UFJ, Ltd. Hajime Uchida, Chief Representative, Tokyo Representative Office, Trade & Development Bank of Mongolia Michael Marshall, Executive Director, Applus+ Mongolia
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Invest Mongolia Tokyo
17:20-17:48
Presentation: Japan International Cooperation Agency (JICA) -JICA's operation for the further development of Mongolia- Presentation: Yoshito Yako, Director, East Asia Division, East and Central Asia and the Caucasus Dept, JICA Introduction of the guidebook on Investment Environment in Mongolia JICA's cooperation strategy and main project examples Assistance to industrial promotion and diversification in Mongolia: Human resources development for indus-
tries, SME financing scheme and Mongolia-Japan Center, etc.
Potentials of regional development through economic corridors and possibilities of Japanese companies' busi-ness expansion to Mongolia
17:50-18:28
Panel: The development plan of Mongolia and the proposal to the Government from Japan The review of what has been proposed to the Government by Invest Mongolia UB on Sep 4-5 What else should be done by the Government particularly for Japanese investors to be truly convinced to in-
vest? Moderators: Chris Melville, Founding Partner, Melville Erdenedalai LLP, Ulaanbaatar Panelists: Neil Saker, Resident Representative, IMF Bold Luvsanvandan, Parliament Member, Former Minister of Foreign Affairs Masami Tazaki, Executive Director, STR Partners Takuo Kidokoro, Former Japanese Ambassador to Mongolia Enkhbold Voroshilov, Director General, Ministry of Foreign Affairs Hirotake Hirose, Chief Representative, Ulaanbaatar Representative Office, The Bank of Tokyo-Mitsubishi UFJ, Ltd. Jargalsaikhan Dambadarjaa, Executive Director, The Defacto Institute Erik Versavel, Country Representative, Mongolia Representative Office, ING Bayarsaikhan Banzragch, Chairman, National Development Agency
18:30-18:38 Closing Remarks: Masa Igata, CEO, Frontier Securities
18:40-20:40 Reception
Invest Mongolia Tokyo
Participated Companies & Organizations
Adegawa Enterprise Co., Ltd
Alchemy
ALPHANY Co.,Ltd
Amar Capital
Aoyama Gakuin University
Apollo Building Service Co.,Ltd
Applus+Mongolia
Asia Engineering Consultant
Asian Development Bank
Aucfan
AZUMA SHIPPING CO LTD
Azuma shipping co.,ltd
B.Y Global Design
Bank of Mongolia
BM Mongolian Partners
Bristol Brothers
CASHMERE HOLDING LLC
Chairman of Japan-Mongolia Friendship Parliamentarians' Union
Citigroup Global Markets Japan
Coal to SNG Project Unit
Cocobridge
Copper smelting plant project
ING
Daiwa Institute of Research
Deloitte Tohmatsu Financial Adisory LLC
DHL Global Forwarding Japan K.K.
Eiwashoji Co.,Ltd
Foreland Realty Network Japan Co.,LTD.
Fujiholding
GerHub
Goo bayan health
Hitotsubashi University
Hosei University
IBISOKU,Co.LTD.
IHM
International Monetary Fund
ITOCHU Corporation
J.A.M KONNEKTer Co,Ltd
JAICAF
Japan Center for International Finance
Japan Coal Energy Center
Japan Exchange Group, Inc.
Japan International Cooperation Agency (JICA)
Japan International Labour Foundation
Jargal DeFacto
JETRO
JMF Holdings LLC
JTEC Co.,Ltd
JTrust Co.,Ltd
KATO TRANSPORT CO.,LTD.
KDDI
KDDI Research
Khan bank
Khangarid Properties Co.,Ltd
LigerHoldingInternational
Long Term Partners of Mongolia LLC
Marubeni Corporation
Melville Erdenedalai LLP
Metal Economics Research Institute, JAPAN
MG Leasing Corporation
Ministry of Foreign Affairs Mongolia
Mitsubishi Corporation
Mitsubishi Materials Techno Corporation
Mitsubishi UFJ financial Group
Mitsui & Co., Ltd.
Mitsui Co. & Steel Ltd
Mongolian National Broadcaster
Mobicom Corporation
MOFA
Mongol Refinery State-Owned LLC
MONGOLIAN CENTRAL SECURITIES DEPOSI-TORY CO., LTD
Mongolian Economy Magazine
Mongolian Embassy in Japan
Mongolshoji Co., Ltd.
Monnichi today
Nakamura Logistics Inc.
Nansin co.ltd
National Development Agency
Nista Co.,Ltd.
NPO法人Bizjapan
NTC international co.ltd.
NTCインターナショナル株式会社
O.P.C.Corporation
Oriental Invest LLC
ORIX Corporation
Oshima Management Institute
Park hotel mongolia, (Active Group LLC)
Parliament of Mongolia
PwC Consulting
RIo Tinto Japan
S&W
Sakura mart
SB Energy
Silverbirch Associates KK
Sojitz Corporation
Sterling Content
STR Partners Co.,Ltd.
Strato33 Inc.
Sumitomo Corporation
Sumitomo Mitsui Banking Corporation
Symphony Financial Partners Co., Ltd
Sync logistics
Taiyono Hikari
The Bank of Tokyo-Mitsubishi UFJ,Ltd
The Hikari Securities Co.,Ltd.
The Nomadic School of Business
The TOA Institution
The University of Tokyo
Tohoku University
Tokyo Stock Exchange, INC
Trade & Development Bank of Mongolia
Woovoo
World a-investment llc.
Xac Bank
Yusen Logistics.,Co.ltd.
ZAOBA Corporation
あずさ監査法人
ランガルハウス株式会社
三井物産
三菱マテリアルテクノ㈱
三菱商事株式会社
合同会社宝勇ネットワーク
摂津倉庫株式会社
有限会社エバーグリーン
株式会社DEN ORIENTAL RELATIONS
株式会社イビソク
株式会社三井住友銀行
阪神地所株式会社
And many others
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Invest Mongolia Tokyo
Supporting Organizations and Partners
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Invest Mongolia Tokyo
Supporting Organizations and Partners
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Invest Mongolia Tokyo
Express your interest to sponsor, exhibit or participate in
Frontier’s 12th and 6th Annual Conference in UB and Tokyo
www.frontier-conference.com
4-5 September 2018 in UB and
4 December 2018 in Tokyo
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Frontier’s 5th Investment Conference in Japan
FRONTIER Securities
#206, Elite Complex B
Chinggis Avenue 14, 1st Khoroo, Sukhbaatar District
Ulaanbaatar, MONGOLIA
TEL: +976 7011 9999
FAX: +976 7011 1991
Email: [email protected]
URL: www.frontier-conference.com/tokyo
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