In the morning of December 9th, MCC Chairman and Party Committee Secretary Guo Wenqing met Ping An Group General Manager Ren Huichuan at the MCC Headquarters in Beijing. Both parties held friendly and cordial talks and deeply exchanged views on all-round cooperation in such areas as how to further strengthen the directional add-issuance and the utilization of insurance funds to transfer debentures.
Guo Wenqing welcomed Mr. Ren and his party to MCC and debriefed them on the Group’s historic evolution and development, pointing out that the MCC Group is the pioneer of China's emergent Iron and Steel Industry, ranking 326th in the Fortune 500 and ranked 10th among the top 250.global contractors. MCC has already set up a brand-new strategic orientation in the 'new normal', firstly by striving to become the 'National Team' of China’s metallurgical construction industry. The steel construction business undertaken by the Group accounts for 90% in China and 60% across the world in the metallurgy field. With this great revolution and extensive readjustment, we proposed a strategic target of sparing no efforts to create the world’s largest, strongest and best 'National Team' in metallurgical construction and operation services so as to enable MCC to promote its core ferrous metallurgy technologies in the eight parts and 19 business units to reach the highest level in the world. Secondly, we strived to become the main force in China’s capital construction. 12 MCC subsidiaries hold double-advanced qualifications, giving the Group had the largest quantity of double-advanced qualifications among the central enterprises. The MCC Group also possesses many engineering design integrated qualification class-A subsidiaries capable of providing complete industry chain services in surveying, design, construction, supervision and other areas, making it the main force in China’s capital construction. High-end housing construction, middle-end and high-end real estate, municipal administration infrastructure and so on have already become its pillar industries and advantage areas. Thirdly, we strived to become a pacemaker in emerging industries. As an innovative Chinese enterprise, the MCC Group has 16 national-level sci-tech innovation platforms and key laboratories, as well as over 53,000 engineers and technicians with different scientific specializations. The MCC Group can rapidly transform from a high starting point and closely follow the technological frontiers in times of rapid scientific development and changing technology. As China’s only enterprise holding the theme park design and construction qualification, the MCC Group has carried out a large number of projects including Shanghai Disney, Sentosa Universal Studios in Singapore, Zhuhai Chimelong Ocean Kingdom and Jiangsu Huaian Journey to the West Theme Park. The MCC Group was not only the first to establish market-segmented technology institutes for integrated pipe galleries, beautiful villages, smart cities, sponge cities and so on, but also founded China’s first professional company in the investment and construction of pipe galleries as well as China’s first hundred-billion-level urban integrated pipe gallery industry fund.
Guo Wenqing expressed that, even though both parties have maintained a good cooperative relationship over the years, they need to extend their cooperative areas in order to further strengthen their deep all-round cooperation. The MCC Group concentrates on winning great projects from the government and has made an annual increase for three consecutive years, indicating that its development has powerful potential. As MCC has made a breakthrough in its contract amounts of over 400 billion yuan in important and profitable projects, the Group hopes that the Ping An Group will actively participate in cooperation concerning directional add-issuance, preferred stock, convertible bonds, the utilization of insurance funds to transfer debentures and other businesses. Both parties will explore and establish special industrial and regional funds so as to provide the market opportunities for MCC's industrial development and to achieve mutual success.
After expressing his appreciation for Chairman Guo’s warm reception, Mr. Ren pointed out that the MCC Group not only solved the problem of its historical burdens but also achieved sustained growth against the trend thanks to its clear strategic orientation, higher management and excellent enterprise culture, indicating that the MCC Group has powerful sustainable development potential even in the current poor conditions of the downturn in micro-economy and the stagnation of the industry; this gives him full confidence in the MCC Group. Ping An Annuity and Ping An Bank will pay close attention to its directional add-issuance in the hope that the MCC Group will lend them strong support.
Ren went on to point out that the Ping An Group has a flexible mechanism in which each of its financial sections operates independently, making it very active in the capital market. They earnestly hope to give a full play to their advantages in investment and financing, funds, insurance and other areas, and to provide their support in solving commercial real estate development project funds problems, increasing the short-term funds earnings of MCC's financial departments, and improving corporate annuity fund management, reform development and other areas. Ren then briefly introduced the basic conditions of the Ping An Group.
The relevant staff members of both parties communicated with each other and held deep discussions of such cooperative projects as PPP, real estate and environmental protection. The main leaders of the Central Research Institute of Building and Construction, MCC ENFI, the MCC Real Estate Group and the MCC Communication Construction Group participated in the discussions.
The meeting was attended by Vice General Manager of Ping An Trust Co., Ltd. Pang Hongmei, Investment Director of Ping An Annuity Wang Chengwei, General Manager of the Business Cooperation and Support Department of Ping An Securities Headquarters Mo Jiazhu, General Manager of the Insurance and Strategy Department of Ping An Annuity Zhou Yajing, Vice President of the Ping An Annuity Beijing Branch Wang Jiejun, General Manager of the Public Comprehensive Social Development Department of the Ping An Annuity Beijing Branch Zhang Yu, Investment Manager of the Rights and Interests Investment Department of Ping An Annuity Hu Yitao, Account Director of the Ping An Annuity Beijing Branch Zhang Xiaodong, MCC Group General Manager and Chairman Zhang Zhaoxiang, MCC Group Vice Chairman and Board Secretary Xiao Xuewen, Vice Chairman and Chief Accountant Zhou Hongying, Employee Director and Labor Union Chairman Lin Jinzhen, Director of the Strategy & Innovation Management Department Shao Bo, Director of the Treasury Department Li Yuchao, Director-General of the Organization Department of the Party Committee and Director of the Human Resources Department Yan Aizhong, Financial Corporate General Manager Zhou Xiaojie, Finance Lease General Manager Wang Hongbo, Deputy Director of Capital Operation Office Gou Zhong and CCB Principal Asset Vice General Manager Yu Fan.
Chairman Guo Wenqing holds talks with Ping An Group General Manger Ren Huichuan
Meeting venue
Chairman Guo Wenqing and Ping An Group General Manger Ren Huichuan
The leaders of both sides present at the meeting
