Chairman Wang Tongzhou Met with the Team Led by Zhou Yubo, President of China Reform Holdings Corporation Ltd.
14 Jul 2020

On July 14, Wang Tongzhou, Chairman of the Board of Directors of the Company and President of Holding Group met with the team led by Zhou Yubo, President and Secretary of Party Committee of China Reform Holdings Corporation Ltd. in the headquarters of Group Company. Both sides carried out the deep exchange on further strategic cooperation and reached an extensive consensus.

Chairman Wang Tongzhou welcomed the visit of the team led by President Zhou Yubo, and extended sincere thanks to China Reform Holdings Corporation Ltd. for its long-term support and care for CNMC, and reviewed the development course of CNMC and introduced the advantages due to the reform and development and new changes and achievements in recent years. He said that, at the beginning of last year, CNMC and China Reform Holdings Corporation Ltd. signed a strategic cooperation agreement, which was an important measure to implement the important instruction spirit of President Xi Jinping on deepening the reform of state-owned enterprises and was also an important practice to positively fulfill “optimize the layout of state-owned capital and enhance the internal collaboration of central enterprises” of the SASAC. CNMC attached great importance to the friendly cooperation with China Reform Holdings Corporation Ltd. Both sides had successfully cooperated in such aspects as factoring business, financing lease, equity fund investment and enterprise commercial bill circulation platform. He said that, CNMC would endeavor to create the world’s first-rate mining enterprise with global competitiveness according to the “321” development strategy of “three-industry collaboration, two-wheel drive and comprehensive change”. He said that CNMC hoped to carry out the in-depth cooperation with China Reform Holdings Corporation Ltd. in such aspects as equity fund investment, financial service, asset management, nonferrous metal resource development, especially “going global” to robustly develop the international business, on the basis of good cooperation in the earlier stage, so as to achieve the mutual benefit and win-win result.

President Zhou Yubo extended thanks to Chairman Wang Tongzhou for his warm reception, and congratulated CNMC on its development achievements in recent years, and emphatically introduced the business development after China Reform Holdings Corporation Ltd. was determined as the pilot company for state-owned capital operating company and reviewed the achievements in cooperation with CNMC in recent years. He said that China Reform Holdings Corporation Ltd. would stick to centering on serving the central enterprises, focus on the blank and short slab fields of central enterprises, and actively connect the industry through marketized and professional operation methods and boost CNMC’s reform and development. In the future, he hoped that both sides would constantly enhance the pragmatic cooperation in the fund investment, bond rating, financial service and international operation, especially centering around the “Belt and Road”, and make positive contribution to deepening the state-owned enterprise reform and enabling the state-owned capital to be strong, excellent and big.

Liu Xueshi, Chief Accountant of China Reform Holdings Corporation Ltd., An Yi, Chief Account of CNMC, and relevant principals of Headquarters of China Reform Holdings Corporation Ltd. and contribution enterprises, and relevant department heads of Headquarters of CNMC attended the meeting.