Bank of China and Shandong Gold Strengthen Collaboration to Bolster National Resource Security

Deep News05-25 22:01

On May 25th, Bank of China Chairman Ge Haijiao and Shandong Gold Group Co., Ltd. Chairman Zhang Xiaohai held a working meeting at the Bank of China headquarters building, where they jointly witnessed the signing of a cooperation agreement. Also present at the event were Bank of China Deputy President Liu Chenggang, Shandong Gold Deputy General Manager Wang Renjian, and Chief Financial Officer Xu Libo.

Ge Haijiao stated that, as a strategic mineral resource, gold holds significant importance for safeguarding national industrial and financial security. As a leading global enterprise in the gold sector, Shandong Gold has demonstrated strong development momentum, effective green transformation, robust resource allocation capabilities, and ample innovation-driven power, making important contributions to ensuring the security of national strategic resources. In recent years, cooperation between Bank of China and Shandong Gold has grown increasingly close, with the two parties jointly promoting the implementation of a series of practical projects in areas such as mine financing, international settlements, and capital markets. Building on the new starting point of the "15th Five-Year Plan" period, Bank of China will continue to leverage its strengths in cross-border finance, enhance empowerment through technology finance, and optimize green financial services to support Shandong Gold in optimizing its global layout, cultivating new quality productive forces, and advancing green transformation and development. Simultaneously, the two sides will achieve mutual empowerment in areas including resource mergers and acquisitions, fund management, and financial markets, jointly contributing greater strength to safeguarding national resource security and promoting high-quality development in the mining industry.

Zhang Xiaohai expressed gratitude for the long-term financial support provided by Bank of China and introduced Shandong Gold's achievements during the "14th Five-Year Plan" period and its core development plans for the "15th Five-Year Plan" stage. He stated that Shandong Gold remains steadfast in its original mission of "exploring mineral resources for the nation and producing gold to serve the country," continuously strengthening the exploration, development, and reserve of strategic mineral resources, earnestly promoting intelligent and green transformation, and resolutely striving to become stronger, better, and larger. He expressed hope that, building on the existing solid foundation, both parties would identify entry points and areas of alignment for cooperation in fields such as cross-border mergers and acquisitions, capital operations, financial optimization, and cross-border fund management, fully leveraging their respective advantages, proactively strengthening communication and alignment, and jointly forging a new phase of high-quality development.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment