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Tang Fuping Meets with Liu Cigui, Secretary of Hainan Provincial Party Committee and Chairman of the Standing Committee of Hainan Provincial People's Congress


2020-10-15
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On October 12, Mr. Tang Fuping, China Minmetals' Chairman and Party Group Secretary, led a delegation to visit Hainan Province and met with Liu Cigui, Secretary of Hainan Provincial Party Committee and Chairman of the Standing Committee of Hainan Provincial People's Congress. Both sides had extensive discussion on further strengthening strategic cooperation.

Tang Fuping expressed sincere thanks to Liu Cigui for his gracious hospitality, and heartfelt gratitude to the Party Committee and People's Government of Hainan Province for its lasting support for China Minmetals' enterprises in Hainan Province. Tang also gave an outline of China Minmetals and described the development of China Minmetals' enterprises in Hainan Province. Tang noted that China Minmetals had always kept in mind and thoroughly implement the important guiding principles embodied in General Secretary Xi Jinping's speech about reform of the state-owned enterprises (SOEs). Tang said that China Minmetals was the first to build a whole industry chain in the field of global metal ore, from resource access, survey, design, construction, operation to circulation and deep processing, endeavoring to build itself into a world-class metal ore corporate. Since the strategic restructuring of China Minmetals and MCC (both among the Fortune Global 500) in December 2015, China Minmetals, as one of the first group of pilot investment companies with state capital, has been building the business system featured by "four beams and eight columns" through focusing on metal mining, metallurgical engineering, trade, logistics, finances and the real estate. The assets under the management of China Minmetals now reach RMB 2.16 trillion, making China Minmetals rank 92nd among the Fortune Global 500. In particular, confronted by the impact of COVID-19 this year, China Minmetals responded to it actively and swiftly, and great progress was still made.

Tang Fuping stressed that China Minmetals fully implemented the important guiding principles embodied in General Secretary Xi Jinping's speech at the 30th anniversary of the establishment of Hainan Provincial Special Economic Zone, to make contribution to advancing the building of the Hainan Free Trade Port. As Hainan Province is endowed with an unique geological location and enjoys preferential policies, China Minmetals has always valued the cooperation with Hainan Province, and set up a subsidiary at Haikou in 2015. In 2019, China Minmetals and Rio Tinto (among the Fortune Global 500) established a joint venture, Minmetals Rio Tinto Exploration Company Limited, and built Minmetals Plaza (Hainan) in Sanya. The upcoming strategic cooperation agreement between China Minmetals and the People's Government of Hainan Province aims to further deepen the cooperation with Hainan Province and help China Minmetals play an active role in the building of the Hainan Free Trade Port. In doing so, through the all-round cooperation with Hainan Province in economic development, trade and logistics, urban and traffic infrastructure, theme park, financial business and real estate development, both sides can achieve mutual benefits and common development.

Liu Cigui said that on behalf of the People's Government of Hainan Province, he extended warm welcome to Mr. Tang Fuping, and expressed sincere thanks to China Minmetals for its lasting strong support for the building of the Hainan Free Trade Port. Liu also said something about the efforts to advance the construction of the Hainan Free Trade Port with high quality and standards. Liu noted that since the release of the Overall Plan for the Construction of Hainan Free Trade Port, Hainan Province had fully implemented the guiding principles embodied in General Secretary Xi Jinping's speech on April 13 and followed Xi's other instructions to speed up the implementation of policies made for the Port and open it wider to the outside world. He added that as a result, the market entities at home and abroad poured into the building of the Port, and the major economic indicators, such as number of market entities registered in Hainan Province, utilized foreign investment, new projects and new investment, grew rapidly, making the Port full of vitality. He also pointed out that on top of that, we upheld the principle of making the Port a leader in protecting ecological environment and worked harder to advance the building of five networks in Hainan Province to build a smart Hainan Province. Liu Cigui, therefore, wished that China Minmetals would take this agreement as an opportunity to give full scope to its strength and make the best of policies, and speed up the business operation of China Minmetals' office in Hainan Province, to achieve mutual benefits and common development in the process of building the Port.

Both sides also had an in-depth talk about the cooperation of relevant projects.

Mao Chaofeng, Member of the Standing Committee of Hainan Provincial Party Committee and Vice Governor of Hainan Province, Sun Dahai, Member of the Standing Committee of Hainan Provincial Party Committee and Secretary General of Hainan Provincial Party Committee, and Wang Shilei, China Minmetals' Vice President and Party Group Member, attended the meeting. Other leaders from Hainan Province, including Ding Shijiang, Chen Xi, Huo Juran, Ma Yonghua, Chen Yang, Ding Hui, were present at the meeting. Besides, the following persons attended the meeting: leaders from China Minmetals and its directly-managed enterprises, including Wang Jionghui, Qu Yang, Xing Yan, Zhu Haitao, He Jianbo, Xiong Xiaobing, Liang Jianbo and Wang Feng.

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