Chinese Embassy in Mongolia made an RMB 20,000 cash donation to the China-Mongolia Cultural Education Fund and the China-Mongolia Social Development Fund

Project narrative

On November 27, 2015, the Chinese Embassy in Mongolia made an RMB 20,000 cash donation to the China-Mongolia Cultural Education Fund and the China-Mongolia Social Development Fund, which together form the Mongolian-Chinese Language Culture and Education Foundation. The China-Mongolia Cultural Education Fund and the China-Mongolia Social Development Fund were established by the Bank of China representative office in Mongolia and also receive funding from Chinese-funded enterprises in Mongolia. The funds are meant to provide a student assistance fund for Mongolian students to achieve excellent academic performance, promote Chinese language learning, and provide public facilities construction funds to promote social and economic development in Mongolia. Under the leadership and strong support of the Chinese Embassy, the Bank of China's representative office in Mongolia established two joint ventures with Chinese-funded enterprises in Mongolia: The China-Mongolia Culture and Education Fund and the China-Mongolia Social Development Fund, which were merged in August 2017 to form the China-Mongolia Cultural Education and Social Development Foundation.