Recently, China Minmetals has held a meeting with Shanghai Pudong Development Bank ("SPDB" for short) in Beijing. The meeting was attended by Chen Dexin, President and Deputy Party Group Secretary of China Minmetals, and Xie Wei, President and Deputy Party Committee Secretary of SPDB.

On behalf of China Minmetals, Chen Dexin expressed his gratitude to SPDB for its strong support for the transformation and development of China Minmetals over the long term, and briefly introduced the development history and basic status of China Minmetals. Chen noted that China Minmetals had always followed the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era and firmly undertaken its original mission of "serving and reinvigorating the country through the metals and minerals industry". He said that China Minmetals had taken the lead in opening up a whole industry chain channel from resource acquisition to exploration & survey, design & construction, mining & beneficiation, smelting & processing, and to trade & logistics, and formed a business system mainly composed of metals & minerals, metallurgical construction, trade & logistics, and finance & real estate. At present, it is earnestly studying and implementing the guiding principles of the Third Plenary Session of the 20th CPC Central Committee, deeply implementing the guiding principles of Science & Technology Innovation Conference on Central Stated-owned Enterprises, and resolutely undertaking the responsibilities and missions entrusted by the CPC Central Committee. To be specific, it is continuously enhancing its core functions, improving its core competitiveness and focusing on playing the "three roles" of central state-owned enterprises ("central SOEs" for short) in technological innovation, industrial control and safety support. It is striving to be at the forefront and set an example in promoting self-reliance in high technology, building a modern industrial system and developing new quality productive forces. With a good foundation for cooperation based on mutual benefit and mutual trust, China Minmetals and SPDB have carried out cooperation in a wide range of fields and achieved remarkable results. He hoped that both sides would focus on serving the national strategy and making their primary responsibilities and key business stronger, better, and bigger. He also hoped that they would further strengthen communication, adopt innovative models and deepen cooperation in credit granting, use of credit facility, project financing, product portfolio and other aspects for the purpose of continuously promote high-quality, collaborative and win-win development between banks and enterprises.

Xie Wei expressed admiration for the remarkable achievements made by China Minmetals in high-quality development, and introduced the distinctive advantages of SPDB in bond underwriting, asset management, offshore banking and green finance, etc. He said that SPDB featured growing asset size and increasing business capacity; while China Minmetals' main business was highly compatible with SPDB's areas of strength. Under this backdrop, he hoped to strengthen cooperation with China Minmetals in supply chain, cross-border business, financial market services and other fields on all fronts to achieve more fruitful results.

The meeting was attended by relevant heads of SPDB and relevant leaders of China Minmetals' head offices.