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Guo Wenqing Meets with Lin Fei, Member of Standing Committee and Executive Vice Mayor of Fuzhou Municipal Committee
CopyFrom: Date:16 November 2018
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  On November 14, Guo Wenqing, General Manager and Deputy Secretary of the Party Committee of China Minmetals Corporation, and President of Metallurgical Corporation of China (MCC), met with Lin Fei, Member of Standing Committee and Executive Vice Mayor of Fuzhou Municipal Committee. They exchanged their in-depth view on building the steel supply chain finance and further enhancing cooperation.

  Guo Wenqing welcomed the delegates led by Lin Fei. Guo pointed out that China Minmetals Corporation now has 1.68 trillion yuan of assets under management and employs 200,000 staff. As the only state-owned capital investment company in China's metal mining industry, it shoulders the mission of safeguarding the supply of national metal resources and is committed to growing into a world-class metal mining company ranking top in China. As a pioneer and main force in China's steel industry and the national team of China's metallurgical construction, MCC Group accounts for 90% and 60% of metallurgical construction market in China and in the world respectively and provides large steel enterprises with the first-class construction and technical support and operation service. At present, MCC Group is also in charge of designing and implementing the green and environmental friendly construction and energy-saving renovation of China's steel enterprises. Meanwhile, starting from trade, China Minmetals has built trade network in over 60 countries and regions around the world and large logistics industrial parks in various places such as Guangzhou, Wuxi and Lanzhou under the trade strategy of suppliers and users outside and locked ventures, and making big projects and industry, which make it have incomparable advantages in network channels.

  Guo Wenqing stressed that China Minmetals strives to create the Caofeidian International Ore Trading Center and focuses on building the international ore trading platform of hundred million tons, new and eco- friendly, intelligent and efficient, and fully functional, covering the bonded function and functions of warehousing, ore matching, hedging, financing, spot and futures delivery. The Trading Center will be oriented by the customer demands of steel enterprises with the standard of satisfying the different individualized blast furnaces to provide fine services, create additional value in ore blending and matching and build "China Minmetals" brand of quality iron ore products. Fujian Province is the main birthplace of bulk commodity trade and services. Its capital, Fuzhou City, is one of first 14 coast port cities opening to the outside world and has advantages in geography and resources. The two sides are expected to further intensify cooperation on the steel supply chain finance, trade logistics and other fields and achieve the mutual benefit and win-win.

  Lin Fei thanked Guo for his warm reception and praised the development and achievements made after reorganizing China Minmetals. Lin said that Fuzhou municipal government will take the lead in setting up a working group of steel supply chain finance to integrate industry resources and increase the proportion of service sector output in order to implement decisions and arrangements on promoting the innovation and application of supply chain made by the State Council and speed up innovation and application of supply chain in Fuzhou. It will as always provide support for various services and favorable conditions for China Minmetals to establish the supply chain financial platform in Fuzhou. The two sides will jointly create a leading service system of steel supply chain in China.

  Liu Caiming, Vice General Manager and Member of the Party Committee of China Minmetals, participated in the meeting. Han Zhiling, Ke Xueli, Zheng Xinlei, Wu Liang, Huang Jianxiong, Liu Yongquan and Kong Jie, officials of Fuzhou City, and Zhang Mengxing, Xue Fei, Liu Qingchun, Xiong Xiaobing, Liu Fuming and Yang Kui, related personnel of relevant departments and direct enterprises of MCC Group, attended the meeting.


  Photo of Lin Fei and Guo Wenqing


  Group photo