Hao Peng Meets with Jean-Sebastien Jacques, CEO of Rio Tinto

On Jan 15, Hao Peng, Party Secretary of the CPC Committee of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) and Chairman of SASAC, met with Jean-Sebastien Jacques, CEO of Rio Tinto, in Beijing.

Hao Peng, Party Secretary of the CPC Committee of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) and Chairman of SASAC, meets with Jean-Sebastien Jacques, CEO of Rio Tinto, in Beijing on Jan 15. [Photo/sasac.gov.cn]

During the meeting, Hao introduced the reform and development of Chinese central state-owned enterprises (SOEs) in 2019 and spoke highly of their cooperation with Rio Tinto.

Hao noted that SASAC will firmly implement the spirit of the key instructions given by President Xi Jinping, promote central SOEs to intensify the practice of the new development philosophy, adhere to innovation-driven development, deepen reform and expand high-level opening up, strive for the realization of high-quality development, and create a broader space for bilateral cooperation on ore trade and technological innovation.

Hao said that as independent market entities, central SOEs have been fully integrated with the market economy through deepening reform and broadening opening up and cooperation.

Hao added that SASAC will give full support to central SOEs to explore and upgrade their market-oriented and rule-based cooperation with multinational companies such as Rio Tinto, make concerted efforts to promote the development of Belt and Road Initiative, and boost central SOEs' competence in allocation of international resources, technological innovation, and core competitiveness.

Jacques praised the achievement made by central SOEs in the establishment of modern corporate system with Chinese characteristics, mentioned the latest cooperation progress between Rio Tinto and central SOEs, and stressed that China has already become the largest market for Rio Tinto and that there is a bright future for the country's economy in the years to come.

According to Jacques, Rio Tinto is willing to further strengthen its exchanges and communication with SASAC, deepen strategic cooperation with central SOEs, work together in the Belt and Road Initiative, jointly explore their business opportunities in third-party markets, and achieve mutual benefit and common development.

(Executive editor: Wang Ruoting)