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Guo Wenqing Meets with China Eximbank President Zhang Qingsong
CopyFrom: Date:10 May 2019
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  On May 7, Guo Wenqing, general manager and deputy secretary of Party Committee of China Minmetals and chairman of MCC Group met with Zhang Qingsong, president of China Eximbank, and his delegation. The two sides had pragmatic and in-depth exchanges on further broadening the cooperation scope and strengthening the cooperation.

  Guo Wenqing extended his welcome to Zhang Qingsong and his delegation, expressing his gratitude for the care and support given by China Eximbank to China Minmetals and MCC for a long time, reviewing the good cooperation process and deep friendship between the two sides, and introducing the development history and the development situation since the strategic restructuring of the two world top 500 enterprises, China Minmetals and MCC. Guo Wenqing figured out that since the strategic restructuring on December 8, 2015, China Minmetals has taken the lead in developing the whole industry chain in the world metal and mining industry, covering resource acquisition, exploration, design, constructions, mining, separation, smelting, logistics, and trade. China Minmetals is included in the first batch of the state-owned capital investment companies in the field of China's metal mining industry and is committed to creating "the first in China and the first class in the world". At present, the enterprise size continues to expand, and the management efficiency has been continuously improved. The total assets reach RMB 1.86 trillion, with operating income of 2018 exceeding RMB 500 billion and the profit creating another historical record. China Minmetals is now building up its pillar business system comprised of metal mining, metallurgical construction, trade and logistics, finance and real estate. In terms of metal mining, China Minmetals has developed and operated world-class mines such as Las Bambas copper mine, the Dugald River zinc mine and Ramu nickel mine in Papua New Guinea. On the aspect of the metallurgical construction, the corporation accounts for 90% of the domestic metallurgical construction market and 60% of the global metallurgical construction market, and it deserves to be called the top 1 metallurgical construction national team in the world. In terms of trade and logistics, it has a strong and complete global trade circulation network covering more than 60 countries and regions in the world. And in terms of finance and real estate, China Minmetals is one of the three central enterprises with full financial licences. It has strong investment and financing and resource allocation strength. Among the 16 central enterprises of real estate as their mainstay business identified by the State-owned Assets Supervision and Administration Commission, China Minmetals takes up two of them. In early 2017, based on the strategic target "three steps and twofold increase", China Minmetals has ushered in a new era of development. "The first step" and "the second step" have been completed successfully. Focusing on the requirements of "high-quality development" put forward by General Secretary Xi Jinping, China Minmetals is actively enhancing market competitiveness and sustainable development capacity and implementing a lot of work in aspects such as emphasis on main business and industry transformation and upgrading to effectively solve the issue of "large but not strong", comprehensively consolidating the influence of China Minmetals in related industries around the world.

  Guo Wenqing stressed that China Eximbank is one of the most important partners of China Minmetals. Beneficial cooperation over the years has achieved a lot, due to the professional and pragmatic spirit and the cooperation principle of mutual trust and mutual assistance of both sides. He hoped that based on previous high-quality cooperation, the two sides can assemble professional talents to widen the cooperation range and with risk under acceptable levels, to target cooperation of industry, investment and financial integration and other aspects, thus to achieve mutual benefit and common development.

  Zhang Wenqing showed his gratitude to Guo Wenqing's warm reception and the full support from China Minmetals and MCC to China Eximbank, praised development achievements after the restructuring of China Minmetals, and introduced China Eximbank's basic information and unique advantages. He expressed that as a central enterprise with "outstanding main business and diversified industries", China Minmetals has impressive achievements in the financial sector and is a valued partner of China Eximbank. China Eximbank attaches great importance to customer relations and adheres to the customer-centric development concept, continuously improving the initiative and professional ability to serve customers and realizing policy objectives through commercial operation. He hoped in the future, China Eximbank will explore cooperation routes in aspects including expanding areas of cooperation, upscaling working capital loans, adding cooperation projects, strengthening overall management, increasing amount deposited, delving into traditional products and innovating cooperation models. Besides, China Eximbank will deepen cooperation, providing more professional service with more preferential policy for the development of China Minmetals.

  Liu Caiming, vice general manager, chief accountant, a member of the Party Committee of China Minmetals, participated in the meeting. Other people attended the meeting are: for China Eximbank, Dai Shihong, general manager at Client and Credit Management Department, Zhu Canzhang, general manager at Corporate Banking Department, Liu Ya, general manager at Sovereign Business Department, Tang Yinlian, general manager at Credit Review and Approval Department and other related personnel including Bai Huafeng, Zhao Ying, Zhao Qiang, Li Yuan, Zeng Ming, Yu Bin, Li Fang, Yang Ming and Cheng Siyang; for China Minmetals, related personnel of departments of the headquarter and directly affiliated enterprises include Zou Hongying, Zhang Shuqiang, Li Yuzhuo, Fan Wanzhu, Zhang Hongjin, Wang Qiujin, Zhu Lina, Chen Hui, Fan Yuwen, Zhang Yandi.

  

  Guo Wenqing cordially talking with Zhang Qingsong

  

  Scene of the meeting

  

  Group photo of Guo Wenqing and Zhang Qingsong

  

  Group photo of the meeting


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