China Minmetals : Guo Wenqing Meets Ping’an Group President Ma Mingzhe

On August 5th, China Minmetals Corporation General Manager and MCC President and Party Committee Secretary Guo Wenqing met Ping'an Group President Ma Mingzhe. They jointly witnessed the signing of an overall strategic cooperation agreement between the MCC Group and the Ping'an Group, as well as a cooperation agreement for industry funds of RMB 100 billion between MCC CCB Principal Asset Management and Ping'an Trust. Both parties also conducted an in-depth discussion and exchange concerning their cooperation in such fields as investment, trading, insurance, leasing, industry funds, project financing, enterprise annuity and so on.

Before the ceremony, both parties held a friendly meeting. Guo Wenqing first introduced to President Ma Mingzhe the basic situation of China Minmetals and MCC Group, pointing out that as one of the earliest steel and iron industry construction powers in new China,MCC Group is also the largest and strongest metallurgical construction contractor and metallurgical enterprise operation service provider in the world. As the steel and iron industry enters a stage of profound adjustment, MCC considers the situation, transfers its advantages in talents, technology, management and other aspects in the field of steel and iron metallurgy construction to the field of engineering construction, takes the road of high-tech construction, and secures the lead in the steel and iron metallurgy industry in breaking through to successfully realize transformation. In recent years, MCC has gradually moved towards high-end housing construction, municipal infrastructure, large-scale comprehensive venues, environmental engineering construction and other aspects, and has made significant breakthroughs in such fields as urban underground comprehensive pipe galleries, beautiful village & smart city and sponge city technology, featured theme parks and so on. In 2015, the two Fortune Top 500 enterprises of China Minmetals and MCC Group implemented a strategic recombination. After deep integration, the new China Minmetals has broken through into a passageway with whole integrated industry chain advantages from the mining, reconnaissance, design, construction, operation, and trading of the country; with total assets of over RMB 700 billion, its capital strength and resource control have increased substantially, its anti-risk capability has grown up and its international discourse rights have been promoted; and with a total of 29 national-level technical research and development platforms and key laboratories, over 60,000 engineering technicians, and accumulatively over 18,000 valid patents, its scientific and technological innovation capacity and strength have been ranked first among central enterprises. It will become a world first-class metal mining investment enterprise group undertaking the important responsibility of guaranteeing the safety of the national metal mineral resources and guiding China's metal mineral industry towards a higher level.

Guo Wenqing pointed out that there are many financing institutions subordinate to Ping'an Group. Its business scope in insurance, banking, trusts and funds is in the front ranks of the industry with efficient communication and interconnection. Ping'an Group can provide all-dimensional financial services in insurance, financing, capital operation and other aspects for its clients. After all-dimensional cooperation in enterprise annuity, industry funds, enterprise credit extension, private placement and other aspects have been carried out between MCC Group and Ping'an Group, MCC's financing channels will expand more efficiently, its operating capability for the capital market will be enhanced, and it will master the dynamics of the capital market more accurately.

Nest, Ma Mingzhe briefly introduced the basic situation of Ping'an Group, pointing out that as a financial group with the most complete financial qualifications, the widest business scope domestically, and a history of 28 years, its main business qualifications cover the three fields of insurance, banking and investment, and its performance in the capital market is active. In 2016, it was ranked in 41st place in the Fortune Global 500, 8th place in the top 500 enterprises of China, and 12th place among the world's financial groups, and its insurance services were ranked in first place among global brands. It has 5,000 organizations and 420,000 employees in China, making it the largest insurance company in the country. In addition, Ping'an Group possesses powerful strength and leads the industry in such fields as the banking business, leasing business, real estate logistics, trust services, the internet and health insurance. Ma Mingzhe expressed that Ping'an Group is willing to cooperate with such a large-scale central enterprise as MCC Group. After the recombination, the new China Minmetals has greater strength, richer resources and growing economic benefits. In the future, Ping'an Group and MCC Group will conduct in-depth communication and cooperation in further fields including trade investment, industry funds, enterprise annuity, employee insurance and welfare, business property insurance, insurance financial planning and so on, thereby realizing mutual benefits and win-win results for both parties.

Based on the principles of 'faithful and steady, promoting development, equality and mutual benefits and cooperation for win-win results', MCC Group and Ping'an Group will jointly set up industry funds for MCC's PPP projects, and MCC Group will give full play to its industry advantages to provide investment opportunities in PPP projects for Ping'an Group. Ping'an Group will adopt creditor's rights, stock rights, interlayer and other investment methods to participate in the investment of PPP projects and provide professionalized investment and financing services. The intentional cooperation scale of the industry fund is RMB 100 billion. China Minmetals Corporation, MCC Group and Ping'an Group have a long cooperation history and a good foundation for cooperation, and will carry out wider and more profound all-dimensional cooperation in the future.

The meeting was attended by Ping'an Group General Manager and Trust President Ren Huichuan, Old-age Insurance President Du Yongmao, Vice General Manager Ju Weiping, Ping'an Trust Vice General Manager Pang Hongmei, Security Company Vice General Manager Zhu Ya, Property Insurance Assistant General Manager Zhou Kejun, Leasing Company Vice General Manager Li Wenyi, Zhiwan Vice General Manager Chang Lin, Futures Company General Manager Jiang Xuehong, Ping'an Trading Company General Manager Dong Feng, Leasing Company Engineering Construction Department General Manager Liu Fan, Old-age Insurance Strategic Accounts Department General Manager Chen Yong and Vice General Manager Zhou Yajing, and MCC Deputy President Zhang Mengxing, Vice President Zou Hongying, China Minmetals Corporation Assistant General Manager and Minmetals Capital General Manager Ren Zhufeng, MCC Employee Director and Headquarters Organ Party Committee Secretary Lin Jinzhen, Shanghai Baoye President Wang Shilei, MCC20 President Zhang Jinxian, MCC Baosteel Technology President Gao Wujiu, MCC Funds Department Director Li Yuchao and others.