On October 9, Guo Wenqing, General Manager and Deputy Secretary of the Party Group of China Minmetals, and concurrently Chairman of MCC, met with Liu Jun, President and Deputy Party Secretary of Bank of Communications. The two sides had extensive and in-depth exchanges on further deepening cooperation.
Guo Wenqing welcomed Liu Jun and his delegation, reviewed the history of friendly cooperation between the two sides, and thanked Bank of Communications for its long-term strong support to China Minmetals and MCC. Guo Wenqing introduced the development history of China Minmetals and MCC, two Fortune Global 500 enterprises and the development achievements since the strategic recombination. Guo Wenqing mentioned that since the strategic recombination in December 2015, China Minmetals has taken the lead in opening up the entire industrial chain layout from resource acquisition, exploration, design, construction and operation to circulation and deep processing in the global metal mineral field, adhering to the strategic goal of "quadrupling in three steps". China Minmetals adopted a series of reform measures in a quiet way to actively prevent and resolve various operating risks. It continued to build and consolidate the "four beams and eight columns" business system centering on metal mining, metallurgical construction, trade logistics, financial real estate. In terms of metal mining, it has a number of world-class mines such as Las Bambas Copper Mine, Dugald River Zinc Mine and Papua New Guinea Ramu NiCo Mine, which are rich in metal mineral resources; in terms of metallurgical construction, MCC is the pioneer and main force of China's iron and steel industry and a veritable national team of metallurgical construction, firmly occupying 90% of the domestic market and 60% of the international market; in terms of trade logistics, it has a global trade circulation network and has built a 100-million-ton international ore trading center in Caofeidian; in terms of financial real estate, China Minmetals has a full financial license, and its subsidiaries Minmetals Land Limited and MCC Real Estate Group enjoy a high reputation. Currently, China Minmetals' assets under management reach RMB 2.16 trillion. The operating revenue exceeded RMB 600 billion in 2019, ranking 92nd among the Fortune Global 500.
Guo Wenqing emphasized that since the outbreak of the COVID-19 pandemic, China Minmetals and MCC have followed closely and implemented the major decision-making arrangements of the CPC Central Committee with Comrade Xi Jinping as the core, and made overall plans for pandemic prevention and control and business development. On the premise of ensuring the overall stability of epidemic prevention and control, various business indicators have achieved contrarian growth, and the long-term good development momentum of enterprises has been continuously consolidated. At present, China Minmetals is following the important instructions and requirements of General Secretary Xi Jinping to "foster a new development paradigm with domestic circulation as the mainstay and domestic and international circulations reinforcing each other", and actively promote exchanges and cooperation with financial institutions based on the business areas. China Minmetals, MCC and Bank of Communications have established a profound friendship of mutual benefit and mutual trust in a number of long-term and stable business cooperation. It is hoped that both parties will further strengthen communication, expand cooperation areas, deepen cooperation levels and innovate cooperation methods, and bear more cooperation results.
Liu Jun thanked Guo Wenqing for his warm reception and China Minmetals and MCC for their long-term support to Bank of Communications, and introduced the industry status and characteristic advantages of Bank of Communications. Liu Jun pointed out that on the one hand, Bank of Communications has a full financial license, especially in the fields of leasing and trust business, and its management ability and asset quality are in the forefront; on the other hand, it has significant overseas advantages with many overseas branches, which can provide financial services for enterprises in many countries and regions. Liu Jun emphasized that Bank of Communications has a long history of business cooperation with China Minmetals and MCC, and has established a profound and stable friendship in the process of cooperation. He hoped that both sides would further strengthen exchanges and docking, open up more cooperation space and tap more cooperation opportunities. Bank of Communications will develop more and better financial products with a faster response speed, and provide better personalized services and stronger financial support for the high-quality development of China Minmetals and MCC.
The two sides also extensively discuss other issues of common concern.
Liu Caiming, Deputy General Manager, Chief Accountant and member of the Party Group of China Minmetals, and Ren Zhufeng, Deputy General Manager and member of the Party Group participated in the meeting. Liu Jianjun, President of the Bank of Communications Beijing Branch, Chen Yu, General Manager of the Financial Management Department of Bank of Communications, Qiao Hongjun, General Manager of the Financial Market Department, Zhou Yan, Deputy General Manager of the Corporate Institutional Business Department and Vice President of Beijing Branch, Li Yongjin, Senior Manager of Corporate Institutional Business Department and General Manager of Strategic Customer Department of Beijing Branch, and Lin Li, Senior Manager of Financial Management Department, as well as Zou Hongying, Zhang Shuqiang, Zhang Hongjin, Chen Hui, Fan Yuwen and Chen Xingwu, heads of relevant headquarters departments of China Minmetals and enterprises directly under its management, attended the meeting.
Guo Wenqing has a cordial talk with Liu Jun
Scene of the meeting
Group photo of the two sides
Group photo of the meeting