China Metallurgical : MCC Group Signs Strategic Cooperation Agreement with China Huarong

Both parties will build a comprehensive business cooperation relationship to realize resource sharing, risk sharing, mutually complementary advantages, participation of interests, mutually-beneficially win-win results and cooperative development

On the afternoon of August 24th, MCC Group signed a strategic cooperation agreement with China Huarong in Beijing, agreeing that both parties will build a comprehensive business cooperation relationship to realize resource sharing, risk sharing, mutually complementary advantages, the participation of interests, mutually-beneficially win-win results and cooperative development, to strengthen communication and collaboration and continuously compose a brand-new chapter of mutual benefit and win-win results based on the principles of equity, free will, mutual benefit, reciprocity, honesty, reliability and long-term cooperation.
MCC Chairman and Party Committee Secretary Guo Wenqing and China Huarong Chairman and Party Committee Secretary Lai Xiaomin attended the signing ceremony and made important speeches. China Huarong President and Vice Secretary of the Party Committee Ke Kasheng presided over the ceremony and MCC Vice President and Chief Accountant Zou Hongying and China Huarong Vice President Liang Zhijun signed the agreement respectively.
In his speech, Guo Wenqing expressed his happiness to have the opportunity for study and exchange in China Huarong, offered his congratulations for the signing of the strategic cooperation agreement and expressed his sincere gratitude to China Huarong for its years of care, support and assistance towards MCC.
Guo Wenqing went on to point out that the MCC Group, as a super large-scale enterprise group under the supervision of SASAC and the pioneer and leading force in China's steel industry, has successively undertaken more than 90% of the planning, investigation, design and construction projects of production facilities in almost all large and medium steel enterprises. The company has 13 scientific research and design enterprises in total and 11 national scientific and technological innovation platforms; it also possesses a total of 23 special-class qualifications in general construction contracting and 10 subsidiaries with special-class qualification in both housing construction and smelting, making MCC the company with the most national double special-class qualifications. It is also one of the 16 central enterprises first defined by SASAC to hold real estate development as their major business. In this new period, MCC is persisting in assuming its own duty to improve the global competitiveness of China's steel industry and taking the international leading and exclusive steel engineering technology as its basis. It is also striving to be a 'promoter' leading China's steel industry to become greater in strength rather than larger in amount, a 'dominator' contributing to cooperation between international steel capacity and equipment manufacturing, the world's number one 'National Team' in metallurgical construction and operation services and a 'leader' shouldering the state responsibility of taking China's metallurgy to a higher level of development. To date, MCC has successfully completed a comprehensive transformation and formed an updated 'Four Beams and Eight Pillars' business system in which the beams are engineering contracts, real estate development, equipment manufacturing and resource development, and the pillars are metallurgical engineering, high-end housing construction, mine construction and development, medium-high-end real estate, traffic and municipal infrastructure, core technical equipment and MCC steel structure, environmental engineering and new energy, and special themed projects. By virtue of its powerful whole-industry chain integrating investigation, design, construction and supervision, and the cost and management advantages that follow from it, MCC has become a national leading comprehensive solution expert in urban construction and an integrated construction and operation service provider. In 2015, MCC ranked the 326th in the Fortune Global 500 Enterprises.
Guo Wenqing emphasized that the MCC and China Huarong are both central enterprises with their own prominent advantages, strong complementarity and ability to make more exchanges, connections and communications. This strategic cooperation agreement represents a chance to remain good partners in work and friends in life, form an intimate strategic partnership, seize the important opportunities of such national strategies as 'One Belt and One Road' and the Beijing-Tianjin-Hebei Integration and develop all-round in-depth cooperation in asset management, capital operation, investment and financing, real estate and other areas, ultimately realizing a powerful combination, complementary advantages and win-win cooperation, and promoting the sustainable development of both enterprises.
Guo Wenqing stated that China Huarong and MCC will further strengthen their cooperation under the intelligent, correct and firm leadership of the Party Central Committee with Xi Jinping as the General Secretary, so as to make their due contribution to the long-term, stable and healthy development of China's economy and the realization of the Chinese Dream of the Chinese nation's great rejuvenation.
Chairman Lai Xiaomin welcomed Chairman Guo Wenqing el al., gave his congratulations for the signing of the strategic cooperation agreement and thanked MCC for its firm support of China Huarong over the years.
Lai Xiaomin pointed out that, as a super large-scale enterprise group under the supervision of SASAC, the pioneer and constructor of China's metallurgical industry and the founder of the steel industry of new China, MCC Group is the largest metallurgical construction contractor and metallurgical industry operation service provider in the world, ranked the 326th in the 2015 Fortune 500 Enterprises. MCC Group works tirelessly to spread China's metallurgical industry and complete equipment overseas, bears the responsibility of central enterprises to go global and become a metallurgical construction 'National Team' serving the national strategy of 'One Belt and One Road', and acts as the bellwether of central enterprises in promoting international capacity and equipment manufacturing cooperation, making it the eldest son of the Republic and an outstanding representative of China's metallurgy industry.
Lai Xiaomin pointed out that China Huarong, established on September 28th, 2012 and approved by the State Council, is a large-scale state-owned non-banking finance enterprise jointly initiated by the Finance Ministry and China Life Insurance (Group) Company. Its predecessor was the China Huarong Asset Management Company established on November 1st, 1999. China Huarong plays a unique role in supporting the development of China's banking industry reform and state-owned enterprises out of the dilemma, especially in exploring risk precaution systems. China Huarong serves as a safety net and a stabilizer and has made useful attempts to deal with the financial crisis of our times. In recent years, we have reinforced innovative transformation development and defined eight types of innovation in many ways including innovation with a robust state, stock with increments, novice with senior worker, acquisition with reorganization and industry with finance in order to lead China Huarong's transformation development. The eight types of innovation are: innovation of thoughts and ideas, innovation of system and mechanism, innovation of development patterns, business platform innovation, products and services innovation, management style innovation, team construction innovation and corporate culture innovation. Thanks to the arduous efforts of all the staff of China Huarong, the vigorous support of the Party Central Committee and the State Council and the high attention and support of the Ministry of Finance and the People's Bank of China, China Huarong has made great achievements and its business indicators such as total assets, net assets and profits have achieved rapid growth. China Huarong has brought in domestic and foreign strategic investors and was the first among China's state-owned financial institutions to bring in private enterprises, developing into a large-scale state-owned non-banking finance enterprise with the largest scale, the richest profit, the most complete license plates and the best returns.
Lai Xiaomin also pointed out that China Huarong signing a comprehensive strategic cooperation agreement with the MCC Group is another important accomplishment in carrying out its 'key account' strategy, promoting its commercial transformation and realizing sustainable development, which symbolizes an effective combination between financial enterprises and the metallurgical industry, best embodies the integration of industry and finance and even shows that China Huarong serves the real economy, strengthens the integration of industry and finance, innovates business modes and seeks excellent cooperative partners. China Huarong considers the MCC Group as its important strategic cooperative partner, sticks to the management theory of following the Chinese Communist Party's leadership, acting according to the government principle and conducting business according to the market discipline, takes the five advantages of profession, license plate, network, resources and innovation in comprehensive financial services, combines the MCC Group's management, technology, talent and capital advantages, continuously innovates financial products, jointly promotes the financial-industrial combination, realizes resource sharing, complementary advantages, risk sharing, the participation of interests, reciprocity, win-win results and cooperative development with MCC and takes advantage of this unification of energetic enterprises to seek a broader cooperation space at a higher level.
The signing ceremony was attended by China Huarong Vice President Wang Lihua, Assistant President Hu Ying, Board Secretary Hu Jianjun, Asset Management Chief inspector, General Manager of the Asset Management Business Department and Huarong-Hui Tong Chairman Zhang Yiming, Capital Operation Chief Inspector and International Business Department General Manager Wang Xiaobo, Discipline Inspection and Supervision Chief Inspector and Discipline Inspection Commission Office Director Xu Ruibo, Business Director and Stock Rights Business Department General Manager Gao Gan, Office Director of the Board Li Yingchun, Office Director Wu Kunda, Office Director of the Supervisory Board Li Wei, Synthetic and Synergistic Department General Manager Tong Ling, Listing Office Vice-General Manager Zhang Yuting, Vice-General Manager of the Financial Planning Department and Vice-General Manager of the Financial Markets Department Li Chunlei, General Manager of the Operating Audit Department Xiao Yanling, Vice-General Manager of the Investment Expansion Department Sun Hongbo, Vice-General Manager of the Risk Management Department Mao Biaoyong, MCC Group Deputy Party Secretary and Secretary of the Discipline Inspection Commission Shan Zhongli, MCC Group Vice President Zhang Mengxing, MCC Group Vice President and Board Secretary Xiao Xuewen, Assistant President Qu Yang, Assistant President and MCC Estates Group Chairman Liu Fuming, Chairman of MCC Communications Construction Group Zou Honglu, Director of the MCC General Office Yin Sisong, Minister of the Financial Department Fan Wanzhu, Minister of the Treasury Department Li Yuchao, Minister of the Investment Management Division Yang Kui, Minister of the Domestic Marketing Department Zeng Jianzhong, Minister of the Mining Sector Management Department Zong Shaoxing, MCC Financing General Manager Zhou Xiaojie, MCC Financial Leasing General Manager Wang Hongbo and MCC Fund Company Vice-General Manager Yu Fan.

Chairman Guo Wenqing makes an important speech

Chairman of China Huarong Lai Xiaomin makes an important speech

Guo Wenqing and Lai Xiaomin

The signing ceremony of the strategic cooperation agreement

Representatives of both sides sign the agreement

The leadership of both sides at the signing ceremony