On December 22nd, MCC Group Standing Party Committee Member, MCC Vice President and General Account Zou Hongying met ABC Vice President Kang Yi. Both parties carried out deep discussions and exchanges on further enhancing cooperation relations between the bank and the enterprise, developing financial business cooperation in various aspects, using innovative financing tools by surrounding the reduction of real economic levers and so on.
Zou Hongying first introduced MCC Group's situation to Vice President Kang Yi, pointing out that MCC Group is the world’s biggest and strongest metallurgy construction contractor and operation service provider. As the steel industry enters a stage of deep adjustment, MCC Group has sized up the situation, transferred such strengths as talents, technology and management in the ferrous metallurgy construction field over to the project construction field, taken the road of high-tech construction, established the new strategic positioning of being the ‘national team of metallurgical construction, the main force of capital construction and the pacesetter of emerging industries, insisting on taking the road of high-tech construction in the long term’, and successfully realized transformation. At present, the non-metallurgical project contracts of MCC Group account for more than 80% of its total project contract amount. Such emerging industries as beautiful village & smart city and sponge city technology, urban comprehensive pipe galleries and the health preservation industry, as well as infrastructure construction, high-end housing construction, specialty themed projects and so on have become the new backbone businesses of the group. MCC Group promotes its transformation and upgrading through technological innovation. At present, MCC Group has 17 national-level research and development centers and key laboratories, over 18,000 patents in force, ranking 4th among central enterprises, and has undertaken the compilation of as many as 155 national standards.
Zou Hongying pointed out that ABC is the most important cooperation bank of MCC Group, and their business cooperation aspects are wide. There is a large business cooperation amount in such fields as traditional bank loans, letters of guarantee, bills and bond issuing, etc. In the innovative business field, such financial cooperation as receivable factoring and equity category financing funds has been carried out. In PPP cooperation, the securing of project has been actively promoted. In 2016, MCC Group's main operation index created a new record in its history, and this would not have been possible without ABC's financial support and assistance. He hopes that both sides will further enhance their cooperation in the coming year, commonly explore innovative financing methods, expand financing channels and create new collaborative highlights, thereby promoting their cooperative relationship to a new level.
Vice President Kang Yi welcomed Vice President Zou Hongying, then indicated that MCC Group's transformation in the new period has been very successful, and has opened up a transformation road for adapting to the market and development. In terms of its strategic development, MCC Group conforms very closely with ABC. Today, the financial industry is developing quickly. ABC has proposed the service philosophy of providing overall comprehensive financing solutions for clients. In 2017, the key emphasis of central economic work is to decrease the lever ratio of enterprises. ABC actively discusses the means for decreasing enterprise debt ratio and lever ratio by employing financial tools with clients. It looks forward to jointly cooperate with MCC Group in the future. Specifically, the asset management scale of ABC has reached RMB 1.7 trillion. In the future, ABC will principally turn to such fields as infrastructure construction, and he hopes that its cooperation with MCC Group on PPP investment will be strengthened.
The meeting was attended by ABC Credit Approval Department General Manager Liu Xing, Asset Management Department General Manager Zhang Lilin, Key Client Department General Manager Qiu Xiayu, Deputy General Manager Jin Xinian, MCC Board of Directors Secretary and Funds Department Director Li Yuzhuo, MCC Group Finance Company General Manager Zhou Xiaojie, MCC Financial Leasing Company General Manager Wang Hongbo, MCC Funds Department Deputy Director Ye Zhixiang and others.
