On May 9th, Minmetals Innovative Investment Co., Ltd. held the kick-off meeting and opening ceremony for its Industrial Investment Fund for New Energy and Materials of Minmetals in Beijing. China Minmetals Corporation General Manager & Party Group Deputy Secretary and MCC Group Chairman & Party Committee Secretary Guo Wenqing attended and addressed the kick-off meeting. CCT Group President & Party Committee Deputy Secretary and China Structural Reform Fund Corporation Limited Chairman Zhu Bixin, Beijing Municipal Dongcheng District Committee Deputy Secretary and Acting District Head Jin Hui, CCB Trust Vice-President and Chief Investment Officer Wang Yeqiang, and Ningbo Municipal Yinzhou District Committee Deputy Secretary and District Head Chen Guojun attended the meeting and jointly witnessed the signing ceremony for the Industrial Investment Fund for New Energy and Materials of Minmetals.
As the only state-owned capital investment company in metal and mineral industries, led by the innovation-driven development strategy of the Central Party Committee and State Council, and guided by the strategic vision of "Building a World Class Metal and Mining Enterprise Group", the China Minmetals Corporation established Minmetals Innovation & Investment Co., Ltd. and launched the Industrial Investment Fund for New Energy and Materials of Minmetals, which are important measures for the active exploration of the functions of state-owned capital investment companies. With over one year of elaborate preparations, the support and assistance of the Beijing Dongcheng District People's Government and Ningbo Yinzhou District People's Government, and the joint efforts of the CCT Group, China Structural Reform Fund, CCB Trust and others, Minmetals Innovation & Investment Co., Ltd., Minmetals Innovative Equity Investment Fund Management (Ningbo) Co., Ltd. and the Industrial Investment Fund for New Energy and Materials of Minmetals were officially unveiled on May 9th.
At the kick-off meeting, on behalf of the China Minmetals Corporation, Guo Wenqing extended a warm welcome to all distinguished officials and guests, expressed gratitude for the support provided during the preparation stage of the Industrial Investment Fund for New Energy and Materials of Minmetals, and introduced the development situations of the China Minmetals Corporation and MCC Group, two Fortune Global 500 companies, after their strategic reorganization. He pointed out that after the strategic reorganization, the China Minmetals Corporation first connected the whole industrial chain from resource acquisition to exploration, design, construction, mining, mineral processing, smelting, logistics and trade in the global metal and mineral industries. As the only state-owned capital investment company in the metal and mineral industries in China, Minmetals shoulders the mission of ensuring the national supply of metal resources and devotes itself to building a metal mining group which is "First in China and First-Class in the World". Meanwhile, China Minmetals and MCC hold the full range of financial business licenses and occupy two places among 16 state-owned enterprises with real estate as their main business confirmed by the State-owned Assets Supervision and Administration Commission of the State Council. At present, it has RMB 1.68 trillion in assets under management and 200,000 employees. Currently, based on the striving goal of "Walking for Three Steps, Two Doubling", China Minmetals is taking great strides in the establishment of the "Four Beams and Eight Columns" business system, and demonstrating sound development prospects.
Guo Wenqing stressed that New Energy and Materials are national strategic emerging industries. Currently, China Minmetals is focused on the resource end of battery materials for new energy vehicles and actively boosting new dynamic sector construction. It has not only successfully operated the Papua New Guinea Ramu NiCo Project’s nickel ore resources but also accelerated the integration of the manganese ore resources in relevant areas in China, thereby accelerating the promotion of the construction of projects including the Changyuan Lico Positive Battery Electrode Materials Project, Caofeidian MCC Ramu Ternary Precursor Project and Minmetals Salt Lake Lithium Extraction Project. In order to propel the development of the new energy and material industrial, and practically implement the functions of a state-owned capital investment company, China Minmetals is taking the lead in establishing the Industrial Investment Fund for New Energy and Materials of Minmetals, winning strong support from all participants. The Industrial Investment Fund for New Energy and Materials of Minmetals will strictly follow the requirements of all investors, give full play to the institutional advantages of a limited partnership enterprise fund, carry out standard market-oriented operation, strictly control investment risks, create value for investors and realize return on investment. China Minmetals will take this signing as an opportunity to establish strong long-term partnerships and jointly open up more cooperation space with all parties so as to achieve mutual benefits and development.
At the meeting, Minmetals Innovation & Investment Co., Ltd. General Manager Xiong Xiaobing reported on the preparations for the Industrial Investment Fund for New Energy and Materials of Minmetals. All the participants fully affirmed the preparations for the fund, put forward valuable opinions on future cooperation and fund development, and watched the promotional video of the China Minmetals Corporation.
At the signing ceremony, China Minmetals Deputy General Manager Li Fuli delivered a speech on behalf of the China Minmetals Corporation in which he said that, as the first equity investment fund of China Minmetals set up by all investors, the Industrial Investment Fund for New Energy and Materials of Minmetals will give full play to the advantages of all its partners, grasp policy highlights and market trends, focus on the whole industrial chain of new industries and materials, deeply unearth the core value of the industrial chain, adhere to value investment and boost the industrial restructuring and upgrading of the China Minmetals Corporation so as to increase the return on investment for the investors. With the strong support of the government at all levels, China Minmetals hopes to enhance its cooperation with all professional investment institutions, follow the lead of the Xi Jinping's philosophy of socialism with Chinese characteristics in the new era and jointly create a bright future for Minmetals Innovation & Investment Co., Ltd. and the Industrial Investment Fund for New Energy and Materials of Minmetals.
As the representative of the investing institutions, Zhu Bixin delivered a speech in which he extended warm congratulations on the establishment of Minmetals Innovation & Investment Co., Ltd. and the Industrial Investment Fund for New Energy and Materials of Minmetals. He then pointed out that the establishment of Minmetals Innovation & Investment Co., Ltd. and the Industrial Fund are important strategic measures for the promotion of the development of new energy and material industrial upgrading and the enhancement of international competitiveness with market-oriented and specialized investment methods for funds. The participation of China Structural Reform Fund is not only suitable for the development direction of national strategic emerging industries but also reflects the mission orientation of China Structural Reform Fund's assistance in the structural adjustment and layout optimization of state-owned enterprises. This current cooperation also marks the beginning of the powerful combination and coordinated development of state-owned capital operation companies and investment enterprises. In the future, the CCT Group and China Structural Reform Fund will take it as an opportunity to further strengthen deep cooperation with the China Minmetals Corporation and make greater contributions to the industrial restructuring, transformation and upgrading of China Minmetals so as to jointly start a new journey in the development in the new era.
