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Group Holds Strategic Implementation Seminar on the Upgraded Asset Management Strategy

2023/08/31

On December 3, Zhu Bixin, Chairman of the Group, met with a delegation led by Jeremy Weir, Chairman of Trafigura Group, during which the two sides engaged in in-depth discussions on strengthening cooperation. Andrew Vickerman, a Director of Trafigura Group, and Han Tielin, Chairman of Sinotrans Co., Ltd., accompanied the meeting.

Zhu Bixin extended a warm welcome to Mr. Will and his delegation, and provided an overview of China Chengtong’s development as a state-owned capital operations company, with particular emphasis on its operations in warehousing and logistics, trade in production materials, and international business, as well as its key initiatives in fund investment, equity management, and asset management platforms. He noted that Trafigura is one of the world’s largest traders of metals and minerals, boasting extensive experience in bulk commodity trading and related logistics services, and that the two organizations exhibit strong business complementarity. He expressed the hope that the two sides would further enhance their exchanges and explore cooperation in areas such as bulk commodity trading and logistics services. China Chengtong stands ready to leverage its platform advantages to facilitate Trafigura’s engagement with other centrally administered state-owned enterprises in the mining and oil-and-gas sectors, thereby fostering mutually beneficial development.

Wil introduced Tok Group’s global footprint, its business operations, and its development in China. The Chinese market is a strategic investment priority for Tok Group, and the company has achieved substantial growth in areas such as refined metals and concentrates in China. He stated that Tok Group and China Chengtong have ample room for cooperation and are eager to leverage Tok Group’s extensive global presence and its wealth of experience in commodity trading and freight services to strengthen collaboration and pursue joint development.

Heads of the Group’s Comprehensive Management Department, the President’s Office, and the Overseas Business Division of Sinotrans Co., Ltd., as well as relevant executives from Trafigura Group, attended the meeting.

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Zhu Bixin Meets with Jeremy Wills, Chairman of the Tok Group