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Guo Wenqing Attends China Minmetals Guangdong-Hong Kong-Macao Greater Bay Area 100-Billion-Yuan Internal Market Coordination-and-Promotion Meeting in Shenzhen and Delivers a Keynote Speech


2019-11-29
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On November 27, China Minmetals Guangdong-Hong Kong-Macao Greater Bay Area (the “GBA”) 100-billion-yuan internal market coordination-and-promotion meeting is convened in Shenzhen. Mr. Guo Wenqing, China Minmetals’ President and Deputy Party Group Secretary and MCC Chairman, attended the meeting and delivered a keynote speech.

Guo began his speech by introducing the epochal background and great significance of the meeting. He pointed out the four reasons that have made Shenzhen the venue of this meeting.Firstly, we must implement the national strategic arrangement according to requirements specified by Chinese President Xi Jinping. After the first plenary session of the 18th CPC National Congress, President Xi arrived in Shenzhen, the first leg of his nation-wide inspection tour, and declared China’s determination and confidence to continuously push forward China’s reform and opening up. The GBA is an important part of the national “checkerboard” devised and promoted by President Xi. As a central SOE, we must keep pace with the era and implement the national strategic arrangement according to the instructions of President Xi.Secondly, Shenzhen is the spearhead of China’s reform and opening up, and China Minmetals is the leading runner of the “Shenzhen Speed”. China Minmetals especially MCC is one of the first contractors that has made great contributions to the development of Shenzhen. China First Metallurgical Group Co., Ltd. has achieved many record-setting “Shenzhen Speed”. The first expressway, the first flyover, the first wastewater treatment plant, the first viaduct and the first quality inspection general station of Shenzhen are constructed by MCC. China Minmetals has always been at the frontline of the nation’s “reform and opening up” cause. We have a glorious history to be proud of. We will remain true to our original aspiration, keep our mission firmly in mind, and continue pushing forward our cause.Thirdly, as one of the first few contractors in Shenzhen, we must grasp new opportunities, pursue lean operations, and prevail over peer companies in the fierce competition. Starting as a tiny fishing village and a small port, Shenzhen has grown into an international metropolis and the pilot zone of socialism with Chinese characteristics. Such dramatic transformation lies in the spirit of initiation and experimenting. The market of Shenzhen is getting more and more mature. We must explore all opportunities, promote lean operations, build our strength, and strive for bigger achievements.Fourthly, there are big potentials and vibrant vitality in the GBA. Shenzhen is one of the most internationalized cities of the nation. The GBA is an economic zone with the highest degree of internationalization, the fastest tech innovation pace, and the most mature economic structure. All that meet eyes are full of vibes. “Cast the net where there is fish and graze the sheep where there is grass”, this is the marketing concept of the group company. Shenzhen is a blue ocean and a green pasture that promises great potentials.

Mr. Guo reviewed the successful restructuring of China Minmetals and MCC in the last three years and attributes the success to the all-industry-chain reciprocal restructuring model. The “100-billion-yuan internal market” strategy was proposed during the restructuring process, with the aim of promoting operation integration and realizing “1+1>2” synergy. The strategy has proven its value by creating many internal cooperative units in the group company, and all the units show a good development momentum. The restructuring result is far better than what is expected. In the first three years after restructuring, a complete industry chain has been established, and four outstanding achievements have been made: firstly, a complete industry chain, including the national metallurgical construction industry chain and the metal mining industry chain, has been established; secondly, the industry chain has generated synergy; thirdly, some collaborative innovation projects have been initiated; fourthly, “four beams and eight columns” support each other and benefit each other. The financing sector is providing valuable services for the group company.

To promote higher-standard and better-quality development of the “100-billion-yuan internal market”, Guo put forward four requirements as below:

Firstly, rethink our operation. The development of “100-billion-yuan internal market” is a strategic plan proposed by China Minmetals. Every department and subsidiary of the group company shall conform to this grand strategy. Everyone shall know his/her mission and responsibility. The bottleneck shall be eliminated, the basis shall be consolidated, and the red line shall be observed. Prudence shall be exercised when exploring new fields. The strength shall be concentrated instead of scattered.

Secondly, observe the rules and guidelines. The leaderships at various levels shall strictly conform to the work regulations and guidelines concerning internal cooperation in China Minmetals. Petty tricks and loophole exploitations will be discouraged and punished. Strong will and resolute determination shall never fail in the face of challenges and pressure. Every element of the group company shall play its productive part in the development of internal market.

Thirdly, reinforce inspections. The departments and affiliates shall organize regular reviews of internal cooperation. Every field that supports internal cooperation shall be 100% inspected to guarantee thorough internal cooperation.

Fourthly, strengthen discipline regulation. The guidelines concerning internal cooperation shall be vigorously enforced in China Minmetals. Jobs shall be clearly defined and assigned among the affiliates. Violations of guidelines and disciplinary rules shall not be tolerated. All disciplinary misconducts concerning internal cooperation shall be severely punished.

Mr. Liu Caiming, China Minmetals’ Vice President, Chief Accountant and Party Group Member, put forward four requirements concerning high-quality development of the “100-billion-yuan internal market”: firstly, be aware of the great significance of GBA development; secondly, strictly implement the “100-billion-yuan internal market” development strategy of China Minmetals; thirdly, explore new opportunities of the “100-billion-yuan internal market” in the frame of GBA development; fourthly, be innovative and proactive in the better development of “100-billion-yuan internal market”. Mr. Ren Zhufeng, China Minmetals’ Vice President and Party Group Member, presided over the meeting.

The Enterprise Management Division of China Minmetals made a keynote report; relevant subsidiaries shared their experience, recommended new businesses and signed project contracts. Group discussions were organized to explore the approach to high-quality “100-billion-yuan internal market” development. The meeting was organized by the Enterprise Management Division of China Minmetals and hosted by Shanghai Baoye Group Corp., Ltd.

About 224 relevant personnel from various departments of China Minmetals headquarters, the directly administered companies and key subsidiaries attended the meeting.

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