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Guo Wenqing Meets with CEXIM President Zhang Qingsong

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On May 7, Mr. Guo Wenqing, General Manager and Party Group Deputy Secretary of China Minmetals and also President of MCC Group met with a delegation led by Mr. Zhang Qingsong, President of the Export-Import Bank of China (CEXIM). The two sides carried out pragmatic and in-depth exchanges on how to further broaden and strengthen the cooperation.

Mr. Guo Wenqing expressed his welcome for Mr. Zhang Qingsong and his delegation and sincere thanks for the concern and the long-standing support of the CEXIM to our corporation. Guo introduced the development since the strategic recombination of the former China Minmetals and the MCC Group, two of the Fortune Global 500. He pointed out that China Minmetals has taken the lead in opening up the whole industry chain from resource acquisition to exploration, design, construction, mining, mineral processing, smelting, logistics and trade since the strategic reorganization on December 8th, 2015. China Minmetals, as one of the first state-owned capital investment companies in China's metal mining sector, carries the mission of ensuring the supply of national metal resources and is committed to building "China First, World Leading" metal mining enterprise group. In 2018, China Minmetals delivered over RMB 500 billion in operating income together with the best profit performance and the total under-management financial assets of RMB1.86 trillion, hitting record highs.

Now, China Minmetals is building a business system featured by “four beams and eight columns” regarding metal mining, metallurgical construction, trade logistics, and finance and real estate. In the field of metals and mining, China Minmetals has developed and operated world-class mines such as Las Bambas Copper Mine, Dugald River Zinc Mine, and Papua New Guinea Ramu Nickel Mine. In the field of metallurgical construction, MCC serves as a pioneer and a new force in China’s steel industry, making up 90% and 60% of the share of domestic and global metallurgical construction markets, respectively. In the field of trade logistics, China Minmetals has established trade outlets in more than 60 countries and regions around the world. In the field of finance and real estate, China Minmetals has a full financial license and robust capabilities for investment and financing and resources allocation. Minmetals Land and MCC Real Estate are two of 16 real estate enterprises identified by the State-owned Assets Supervision and Administration Commission (SASAC).

At the very beginning of 2017, China Minmetals opened a new era of development guided by the “quadrupling in three steps” development strategy, in which the first step and the second step have been successfully. With the third step according to the requirement of high quality development put forward by President Xi Jinping, China Minmetals is actively enhancing its market competitiveness and sustainable development ability with abundant practice based on the main business to realize the industrial transformation and upgrading, thus solving the existing problem with large scale and weak competitiveness to consolidate the China Minmetals influence on the worldwide relevant industries.

Guo stressed that the CEXIM is is one of the most important partners of China Mintetals. Benefited from the the professionalism and pragmatism of the two sides, the long-standing cooperation over the years has given birth to fruitful results guided by the principle of mutual trust and assistance. It is hoped that the two sides will continue to study and expand the scope of cooperation, carry out targeted cooperation in the production-investment-finance aspect under the premise of controllable risks, so as to give full play to their respective advantages for the mutual benefit, shared future and common development.

Mr. Zhang Qingsong expressed his gratitude to Mr. Guo wenqing for his warm reception and to China Minmetals and MCC Group for their full support to the CEXIM. He also expressed appreciation for the development achievements made by the restructured China Minmetals and introduced the basic situation and unique advantages of the CEXIM. He stated that China Minmetals, as a central enterprise with prominent main business and fruitful different industries, is a highly valued partner of the CEXIM, with outstanding achievements in finance. The Export-Import Bank of China attaches great importance to customer relations, adheres to the concept of customer-centered development, continuously improves the initiative and professional ability to serve customers, and realizes policy objectives through commercial operation. In the future, the CEXIM looks forward to further cooperation with China Minmetals in expanding the field of cooperation, upgrading the scale of loans, adding new cooperative projects, strengthening overall management, increasing the amount of deposits, plowing traditional products, innovating cooperation models to provide help for the development of China Minmetals with the more favorable policies and the more professional services.

Mr. Liu Caiming, Deputy General Manager and Chief Accountant, also Party Group Member of China Minmetals, accompanied the meeting. Dai Shihong, General Manager of CEXIM Customer Service Management Department, Zhu Canzhang, General Manager of Customer Department of the Company, Liu Ya, General Manager of Sovereign Customer Department, Tang Yinlian, General Manager of Evaluation Management Department and related personnel including Bai Huafeng, Zhao Ying, Zhao Qiang, Li Yuan, Zeng Ming, Yu Bin, Li Fang, Yang Ming, Cheng Siyang attended the meeting, together with the leaders from China Minmetals headquarter and the affiliated enterprises including Zou Hongying, Zhang Shuqiang, Li Yuzhuo, Fan Yuzhu, Zhang Hongjin, Wang Qiujin, Zhu Lina, Chen Hui, Fan Yuwen, Zhang Yandi.

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