From Newsmax:

Templeton Asset Management's fund manager Mark Mobius says Mongolia's banking sector, cashmere, and mining stocks offer good investment potential now, especially if the Chinese government improves the regulatory environment for foreign investors.

"They have to have a basic foreign investment structure in place so that agreements can be made and be honored without having to go back to the authorities," Mobius told the UK Guardian.

Templeton is limited to private equity investments or buying the shares of Mongolian companies listed.

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