The Mongolian government announced a major overhaul of state-owned enterprises (SOEs) aimed at increasing benefits for citizens from natural resource wealth. Erdenes Mongol, a key SOE established in 2007, will be rebranded as the “Chinggis Khan Wealth Fund” and refocus its operations on asset management, aligning with the National Wealth Fund law. The restructuring includes a review of the board of directors, ensuring independent representation, and streamlining operations to eliminate redundancies. The government plans to consolidate support functions across companies and leverage digitalization to achieve annual cost savings. As part of this initiative, 14 overlapping and support-focused SOEs will be dissolved, with the goal of improving efficiency and maximizing the return on the 306,000 MNT currently held in individual citizen accounts. The reforms seek to ensure greater transparency and accessibility of natural resource revenues for the population.