From May 29 to June 1, Li Wei, the Secretary of the CPC Shandong Energy Committee and Chairman of SDE, participated in the Shandong Week Event in HK and Macro on behalf of the Shandong Provincial SOEs. During his visit, Mr. Li Wei attended the Open Cooperation Conference on the High-quality Development of Shandong and delivered a keynote speech at the Forum on Strengthening Cooperation between Shandong Provincial SOEs and HK&Macao.
Li Wei said, SDE will embrace the new era, allocate capital, resources, technologies and talents globally and take the lead in strengthening the cooperation between Shandong and HK&Macao. In addition, SDE will also further develop logistics and trade, financial leasing, financial investment and cross border financing through cooperation with HK investment banks, securities traders and brokers.
As the International Financial Center, HK's advantages will be tapped to facilitate SDE in bringing in international capital, new business models, new technologies, and industries, acquiring high-quality coal resources in Australia and developing the copper and gold project in Ecuador, as well as the potash project in Canada. As the International Center for Commerce and Trade, HK will also be positioned as SDE's base for developing new models of modern cross-border trading. With such advantages, SDE will develop intermediary trading, offshore trading, cross-border e-commerce, supply-chain finance and warehousing business, and promote coordination and resources-sharing among Shandong, Hainan, Shenzhen, HK and Macao.
During his stay in HK, Li Wei paid special visits to Xin Wen Mining Group HK International Co., Ltd., Rocklands Richfield (Hong Kong) Limited, Grand Future Group Limited, and Yancoal International Trading under Shandong Energy Marketing and Trade Co., Ltd., where he learned about business operation of the above mentioned subsidiaries.
Li Wei pointed out, the Modern Logistics and Trade Segment plays an important role in developing SDE' business bigger and stronger. Therefore, Shandong Energy Marketing and Trade Co., Ltd., shall fully tap the advantages of HK as the International Financial Center, International Commerce and Trade Center, as well as the Shipping Center, conducts trading businesses targeting coal, chemicals, and high-end equipment, innovates business model and expands profitability. Meanwhile, SDE shall increase awareness in risk prevention, strictly control operation risks, and ensure the safety of staff and business. More importantly, training sessions should be held to facilitate talents cultivation and build professional teams capable of handling international trading.
During the event, Li Wei also visited the Hong Kong Trade Development Council, Bank of China (Hong Kong), Bank of China International, Bank of China Investment, Shandong Gold Mining (Hong Kong) Company, Hong Kong Science Park, Zhongtai Financial International Limited, and Macao Trade and Investment Promotion Bureau respectively.
