The Mongolia plateau is the farthest intracontinental region of the India–Eurasia collision and is a transition zone between north–south convergence to the south in the Tien Shan and northwest–southeast extension to the north in the Baikal rift. Mongolia has experienced four M 8 earthquakes since 1905, but due to limited observations, the mechanism of these strong earthquakes and regional tectonics are poorly understood. The 11 January 2021 Mw 6.7 Hovsgol, Mongolia, earthquake is the largest event that has occurred in the Hovsgol graben, which is noted for being the northernmost convergence region of the India–Eurasia collision and the youngest extension region of the Baikal rift. In this article, the coseismic displacements are retrieved by space geodesy for the first time in this region, providing good constraints for the deformation pattern. We use a finite‐fault inversion of InSAR and teleseismic data, and a backprojection analysis to reveal the rupture kinematics of this event. The geometry of the Hovsgol fault is determined as east‐dipping with a dip of 45°. The rupture process is characterized by a northwestward propagation with a moderate average rupture velocity of 2.0  km/s and a complex slip pattern composed of two major slip patches with dimensions of 40  km×20  km. The oblique slip, illustrated by predominate extension and significant dextral striking, confirms the right‐lateral‐striking faulting in the Hovsgol rift, which indicates that the eastwardly north–south convergence across the southwest segment of the Baikal rift has decreased.

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