On November 4, Jinchuan Group and Shanghai Futures Exchange (SHFE) signed a strategic cooperation agreement in Shanghai, marking a new stage of cooperation.
The group photo of the signing ceremony between SHFE and Jinchuan Group [Photo provided to en.jnmc.com]
Wang Yongqian, Party secretary of the CPC Jinchuan Group committee and chairman of Jinchuan Group, and Wang Fenghai, deputy Party secretary of the CPC SHFE committee and general manager of SHFE, both delivered speeches. Tian Xiangyang, Party secretary of the CPC SHFE committee and director of SHFE, Li Hui, member of the CPC SHFE committee and deputy general manager of SHFE, and Zhang Ming, deputy general manager of SHFE, attended the signing ceremony. Zhou Min, deputy general manager of Jinchuan Group, and Lu Feng, member of the CPC SHFE committee and deputy general manager of SHFE, signed the contract on behalf of both parties.
Wang Fenghai pointed out that according to the 20th CPC National Congress, SHFE and Jinchuan Group should speed up the construction of a modern economic system, focus on improving productivity and the industrial chain, and adhere to the economic development of the substantial economy. SHFE has been promoting close cooperation with leading enterprises. The signing of the strategic cooperation agreement was a specific measure for SHFE and Jinchuan Group to implement the spirit of the 20th CPC National Congress, and will be conducive to accelerating the construction of a new development pattern in the industry and promoting the high-quality development of enterprises. SHFE will give full play to its function of serving the substantial economy, and continue to deepen in-depth and multi-level cooperation with Jinchuan Group.
Wang Yongqian said that the 20th CPC National Congress pointed out that the construction of a new development pattern should be accelerated so as to promote high-quality development. Jinchuan Group has been committed to the promotion and upgrade of the industrial base and the modernization of the industrial chain. This in-depth strategic cooperation demonstrates the trust and support of SHFE in Jinchuan Group. Jinchuan will be table to take advantage of the platform of SHFE to expand its sales channels, improve the scale of product marketing, enhance its brand awareness and recognition, and complete the industrial upgrading more efficiently. At the same time, both sides can integrate resources, so as to promote new industrialization and the cluster development of strategic emerging industries. The two parties will also be able to create a cluster of production, processing and trade industries, further drive the economic development of western China, realize the joint growth of markets and the nonferrous industry, enhance the influence of important commodities' prices, and further deepen cooperation.
SHFE and Jinchuan Group will give full play to their respective advantages, jointly maintain market order, build an interconnected multi-level bulk commodity trading market system, speed up the construction of a modern supply chain system, form a strong domestic market, and cultivate new engines for high-quality development.
