The Chinggis Khaan Wealth Fund Holding held its first-half performance review meeting on August 14, under the theme “Reforming State-Owned Enterprises and Preparing for Winter.” The meeting reviewed the holding’s performance during the first half of the year and discussed priorities for the remainder of 2026.

The meeting was attended by B.Enkhbayar, Chief of Cabinet Secretariat, D.Tsolmon, Deputy Chief of the Cabinet Secretariat and Chair of the Board of Directors of Chinggis Khaan Wealth Fund Holding, CEO B.Davaadalai, members of the board, and executives of the holding’s subsidiary companies.

Opening the meeting, B.Enkhbayar said the core of Prime Minister N.Uchral’s four-pillar “Liberate” policy is centered on reforming state-owned enterprises (SOEs). He highlighted the adoption of the Law on Governance of State and Local Government-Owned Companies during the spring parliamentary session, describing it as an important foundation for strengthening transparency, oversight and accountability, while ensuring that citizens receive a greater share of the benefits generated from public assets.

Under the new legal framework, the performance of SOEs will no longer be reviewed solely by their own executives and management. Instead, their reports will be subject to review by the parliament, Mongolia’s highest representative body, enabling citizens to access information on the operations of state-owned companies more openly.

As part of the government’s “Liberate” policy, SOEs under the Chinggis Khaan Wealth Fund Holding have been undergoing organizational restructuring aimed at eliminating duplication and inefficiencies. As a result, the holding reduced 260 positions across 14 companies, while cutting administrative and rental expenses and achieving reported savings of 67.3 billion MNT.

During the meeting, B.Enkhbayar also outlined several priorities for further SOE reform. These include addressing financial irregularities and strengthening financial discipline and accountability; prohibiting state-owned companies from purchasing new buildings and offices; reducing non-essential operating expenses; improving the management and organization of state assets; and cutting inefficient expenditures.

He further instructed SOEs to take a more proactive approach to expanding production, improving competitiveness, strengthening corporate governance and attracting investment, in line with the new legal and regulatory framework.