CHINGGIS KHAAN SOVEREIGN WEALTH FUND

Chinggis Khaan Sovereign Wealth Fund is a Mongolian sovereign wealth fund established to invest and grow the country's natural resource revenues over the long term, preserve their value, and distribute the benefits fairly and equitably to all citizens of Mongolia, current and future generations. 

The Fund comprises three sub-funds: the Future Heritage Fund, the Savings Fund, and the Development Fund.

Future Heritage Fund
Future Heritage Fund

Preserve and grow national wealth for future generations

Read more
Savings Fund
Savings Fund

Ensure fair and inclusive distribution of natural resource wealth among citizens

Read more
Development Fund
Development Fund

Finance development initiatives aligned with Mongolia’s long-term economic goals

Read more
HISTORICAL OVERVIEW OF THE SOVEREIGN WEALTH FUND

Mongolia’s journey to establish a modern sovereign wealth fund spans two decades, from early post-1990 revenue funds and the creation of the Future Heritage Fund, to major constitutional reforms and the 2024 Sovereign Wealth Fund Law, culminating in the establishment of the Chinggis Khaan Sovereign Wealth Fund in 2025 to secure long-term prosperity for all citizens.

2009-11-18
2016-02-05
2019-11-14
2021-11-15
2024-04-19
2024-05-09
2024-12-20
2024-12-31
2025-02-19
2025-03-07
2025-04-16
2025-05-30
Citizens received benefits from mining revenues

Mongolia’s journey to establish a modern sovereign wealth fund spans two decades, from early post-1990 revenue funds and the creation of the Future Heritage Fund, to major constitutional reforms and the 2024 Sovereign Wealth Fund Law, culminating in the establishment of the Chinggis Khaan Sovereign Wealth Fund in 2025 to secure long-term prosperity for all citizens.

Foundation of Chinggis Khaan Sovereign Wealth Fund

The Law on the Future Heritage Fund was enacted, establishing a long-term savings system to set aside part of mineral revenues for Mongolia’s future generations. The Fund began accumulating resources from mineral royalties, marking the foundation for the Sovereign Wealth Fund.

Sovereign Wealth Fund anchored in the Constitution

Mongolia amended its Constitution to ensure that the nation’s mineral resources are managed for the benefit of all citizens. The amendments also enshrined the concept of a Sovereign Wealth Fund, strengthening the foundation for the fair and responsible use of resource revenues.

Government proposed establishing a Development Fund

The Government of Mongolia proposed establishing a new wealth fund focused on domestic investment and prepared the initial draft of the Sovereign Wealth Fund Law.

Enacted Law on the Sovereign Wealth Fund

The State Great Khural (Parliament) passed "The Law on the Sovereign Wealth Fund," establishing the legal foundation for a new sovereign wealth fund. Concurrently, Parliament Resolution No. 30 outlined the implementation measures necessary for the law’s enforcement.

Savings Fund receives its first deposit

The Savings Fund account was opened at the Bank of Mongolia, and revenue from state-owned mining enterprises has begun to flow into the fund. On the same day, the Ministry of Finance, on behalf of the Government, signed the agreement with the Bank of Mongolia, officially initiating the fund’s asset management operations.

Wealth fund was named in honor of Great Emperor Chinggis Khaan

By Government Resolution No. 223, the wealth fund was officially named the “Chinggis Khaan Sovereign Wealth Fund,” in honor of the Great Emperor of Mongolia.

Future Heritage Fund assets secured at the Bank of Mongolia

Future Heritage Fund assets were fully ring-fenced into a foreign currency account held at the Bank of Mongolia. Pursuant to Article 8.1.4 of the Law on the Sovereign Wealth Fund, the Minister of Finance approved key methodologies and procedures for calculating and transferring revenue sources of the Future Heritage Fund and Savings Fund.

Established "Chinggis khaan Sovereign Wealth Fund" LLC

By Government Resolution No. 42 of 2025, the Government of Mongolia established "Chinggis khaan Sovereign Wealth Fund" LLC as subsidiary of Erdenes Mongol Group.

Future Heritage Fund launches asset management in global markets

Under Government Resolution No. 72 of 2025, the Ministry of Finance and the Bank of Mongolia signed an agreement to place foreign currency deposits from the Future Heritage Fund with the central bank. This marked the official commencement of professional management of the fund’s assets in accordance with the investment policy.

1,072 shares dividends were transferred to citizens’ Individual Savings Accounts

A nationwide public poll was conducted with the participation of more than 775,000 citizens. Based on their preferences, whether to receive the 2024 dividends from their 1,072 Erdenes Tavan Tolgoi shares in cash, to allocate them to their Individual Savings Accounts, or to contribute them to the Development Fund, the corresponding transfers were executed.

Mortgage financing for citizens to continues through the Savings Fund

A General Agreement on “Managing and Growing the Assets of the Savings Fund” was concluded, enabling the continued financing of the national mortgage program. This decision aligns with the Fund’s Asset Management Policy Framework and ensures the continuation of the Government’s subsidized mortgage loan program.

News
CKSWF Presents Current Status and Strategic Roadmap to Parliamentary Working Group
News 2026-01-29

CKSWF Presents Current Status and Strategic Roadmap to Parliamentary Working Group

The Working Group tasked with formulating recommendations on the National Sovereign Wealth Fund and transparency in the extractive industries convened to review the current status, future measures, and operational plan of the Sovereign Wealth Fund. During the session, B. Temuulen, CEO of "Chinggis Khaan Sovereign Wealth Fund" LLC, presented the Fund's current standing along with a strategic roadmap and solutions based on the best practices of international sovereign wealth funds. Following the presentation, he addressed inquiries from the Working Group members. Additionally, the session included a presentation and discussion on the draft law regarding the "Extractive Industries Transparency Initiative" (EITI). Background: The Working Group on the Sovereign Wealth Fund and Extractive Industry Transparency was established by Decree No. 523 of the Speaker of the State Great Khural (Parliament) on December 26, 2025.

Read more
МЭДЭГДЭЛ
News 2025-12-08

МЭДЭГДЭЛ

Сүүлийн өдрүүдэд нэр бүхий зарим цахим сайт, хувь хүний хаягаар “Чингис хаан Үндэсний баялгийн сан” ХХК-ийн талаар баримт нотолгоогүй, гүтгэлгийн шинжтэй мэдээлэл удаа дараа нийтлэгдэж, компанийн ажил хэргийн нэр хүнд, нийт ажилтан, албан хаагчдын хууль ёсны эрх ашигт халдаж буйд харамсаж байна.

Read more
Citizens Can Verify Savings Fund Balances via E-Mongolia
News 2025-12-05

Citizens Can Verify Savings Fund Balances via E-Mongolia

Citizens can now access the E-Mongolia platform to view their account statements for the "Savings Fund", including accrued interest calculated at the Bank of Mongolia's policy rate for the first half of 2025.

Read more
CKSWF Advances Global Integration with IFSWF Associate Membership
News 2025-11-03

CKSWF Advances Global Integration with IFSWF Associate Membership

The Chinggis Khaan Sovereign Wealth Fund (CKSWF) has taken a decisive step toward international integration following its participation in the International Forum of Sovereign Wealth Funds (IFSWF) Annual Meeting in Abu Dhabi from October 29–31, 2025.

Read more
Chinggis Khaan Sovereign Wealth Fund Highlights Mongolia's Vision at Milken Institute Asia Summit 2025
News 2025-10-03

Chinggis Khaan Sovereign Wealth Fund Highlights Mongolia's Vision at Milken Institute Asia Summit 2025

The Chinggis Khaan Sovereign Wealth Fund (CKSWF) participated at the prestigious Milken Institute Asia Summit 2025, held from October 1st to 3rd in Singapore. Under the theme "Progress with Purpose," the summit convened over 1,200 global leaders and investors to address critical challenges and opportunities shaping the future of Asia and the world.

Read more
Reuters: Mongolia targets development, transparency with sovereign wealth Chinggis Fund
News 2025-10-02

Reuters: Mongolia targets development, transparency with sovereign wealth Chinggis Fund

Mongolia's sovereign wealth fund is preparing to appoint independent board members, hire external advisers and adopt a transparent investment strategy as the resource-rich nation sets out an ambitious development plan.

Read more
Milken Institute: Progress with Purpose: Milken Institute Launches 12th Asia Summit with 1,200 Global Leaders and Investors in Attendance
News 2025-09-30

Milken Institute: Progress with Purpose: Milken Institute Launches 12th Asia Summit with 1,200 Global Leaders and Investors in Attendance

The 12th Milken Institute Asia Summit kicks off tomorrow at the Four Seasons Hotel Singapore, bringing together more than 1,200 global leaders and experts from 43 countries for its three-day program, October 1–3. Framed by the theme “Progress with Purpose: Collaboration amid Complexity,” the Summit will be a nexus for high-level dialogues, public panels, and private roundtables designed to spark bold ideas, tackle regional challenges, and drive cross-sector collaboration in a time of global uncertainty.

Read more
Prime Minister Meets with License Holders of Strategic Mining Deposits

Prime Minister Meets with License Holders of Strategic Mining Deposits

Prime Minister of Mongolia G. Zandanshatar convened a high-level meeting with the executives of entities holding strategic mineral deposits to discuss cooperation frameworks and negotiate the implementation of the National Sovereign Wealth Fund Law.

Read more
First Deputy Prime Minister N.Uchral: We Are Open to Collaboration with International Asset Management Firms
News 2025-09-12

First Deputy Prime Minister N.Uchral: We Are Open to Collaboration with International Asset Management Firms

During "Mining Week & MinePro 2025," Mr. Uchral Nyam-Osor, First Deputy Prime Minister and Minister of Economy and Development, visited the Chinggis Khaan Sovereign Wealth Fund exhibition booth.

Read more
Mongolia to Cooperate with Sultanate of Oman on Sovereign Wealth Fund and Investment

Mongolia to Cooperate with Sultanate of Oman on Sovereign Wealth Fund and Investment

On August 4, Prime Minister of Mongolia G.Zandanshatar met with Abdulsalam Al-Murshidi, President of the Oman Investment Authority, to discuss opportunities for cooperation in the areas of investment and sovereign wealth fund development.

Read more
FAQ