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The Group’s President Zhu Bixin met with Vice Chairman of Government of Inner Mongolia Autonomous Region

The Group’s Headquarter      2017-05-12         

On May 12, the Group’s President Zhu Bixin met with Chang Junzheng the visiting Vice Chairman of Government of Inner Mongolia Autonomous Region at the Group’s headquarter. The two sides exchanged views on deepening bilateral relations. The Group’s Deputy Secretary of the Party Committee Shan Zhongli and Vice President Tong Laiming attended the meeting. Zhang Jinliang, Chairman of State-owned Assets Supervision and Administration Commission of Inner Mongolia Autonomous Region, Jiang Hua, Director of Inner Mongolia Autonomous Region Finance Office and Wei Shuanshi, Chairman of Baogang Group were among the visitors.

 

Zhu Bixin extended his warm welcome to Chang Junzheng and the delegation and introduced China Chengtong’s development, achievements Chengtong has attained since it became the pilot corporation for state-owned capital operation and the investment and operation of the China Structural Reform Fund. Zhu Bixin stated that Inner Mongolia was rich in natural resources and boasted unique advantages in development. China Chengtong and China Structural Reform Fund held very promising prospects in Inner Mongolia’s development and would like to strengthen communications with Inner Mongolia Autonomous Region, to learn from each other, to expand scope of collaboration, to deepen existing collaboration, and to actively participate in Inner Mongolia Autonomous Region’s economic construction with other central state-owned enterprises.

 

Chang Junzheng introduced social and economic development of Inner Mongolia Autonomous Region, especially its strategies for state-owned enterprises’ reform and the transformation of Baogang Group. Chang Junzheng pointed out that as the pilot corporation for state-owned capital operation, Chengtong has achieved great accomplishments; the China Structural Reform Fund has accumulated rich experience thanks to its advanced operating model. Inner Mogolia wished to enhance project collaborations with Chengotong and China Structural Reform Fund on the basis of their existing bilateral strategic cooperation, to give full play to Chengtong’s rich experience learned as the pilot corporation for state-owned capital operation, to promote the flow and appreciation of state-owned capital, in order to achieve a mutually beneficial and win-win result.

During the meeting, Zhang Jinliang said that he welcomed Chengtong’s collaboration with state-owned capital operation companies in Inner Mongolia Autonomous Region and participation in the establishment of Inner Mongolia Transformational Reform Fund. Zhang Jinliang hoped that by learning from Chengtong’s rich experience and advanced operating concepts as the pilot corporation for state-owned capital operation, Inner Mongolia would be able to reap the harvest in social, political and economic benefits. Jiang Hua noted that he hoped the China Structural Reform Fund would integrate with the national strategic distribution of steel and energy industries to help promote structural reform of Inner Mongolia’s state-owned enterprises. Wei Shuanshi stated that Baogang Group would promote the marketlization of rare earth industry and new steel system via the operation of the listing platform, establishment of funds and other methods to activate resources and achieve transformation and upgrading.

The two sides made specific arrangements for the establishment of sub-funds, debt-to-equity swap and other projects.

The Group’s Director of the Office of the President Zhu Xiaozheng and General Manager of Chengtong Fund Wei Ran attended the meeting.

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