On June 19, Chairman Ruan Ying of Jinchuan Group engaged in fruitful discussions with a delegation led by Wang Shaodan, Chairman of the China-Africa Development Fund Co, Ltd (CADFund). Their meeting aimed to deepen cooperation and promote overseas project development, culminating in the signing of a strategic cooperation framework agreement.
Jinchuan engaging in discussions with CADFund
Ruan welcomed Wang and his delegation, expressing his gratitude for CADFund's long-standing assistance and support to Jinchuan. As China's first equity fund focusing on investments in Africa, CADFund actively implements policies for Sino-African economic and trade cooperation, providing policy guidance and financial support for Jinchuan's overseas project development. Both parties have established a good communication and cooperation mechanism. They aim to focus on Jinchuan's key projects during the "15th Five-Year Plan" (2026-30), deepen cooperation, broaden collaboration areas, explore investment and financing models from multiple perspectives, innovate cooperation methods, optimize fund allocation efficiency, address bottlenecks faced by overseas projects, facilitate the implementation of more high-quality projects and contribute to promoting Sino-African economic cooperation and the high-quality construction of the Belt and Road Initiative.
Wang highly praised Jinchuan's achievements in overseas project construction and elaborated on CADFund's development history and business strategic planning, emphasizing the need to increase investment in Africa, boost Chinese companies' confidence in investing in Africa, drive Africa's technological transformation and deepen cooperation in Africa's green industry chain. He highlighted the alignment between Jinchuan's business expansion in Africa and CADFund's investment direction. CADFund will leverage its platform to guide and promote investments, assisting Jinchuan in achieving greater breakthroughs in overseas project construction. Both parties have pledged to leverage their respective strengths, focus on key business areas and projects, closely integrate specific projects with existing policies, serve national strategic needs, enhance cooperation depth and breadth, improve project quality and efficiency comprehensively, achieve mutual benefits and contribute more significantly to national economic development and the security of strategic mineral resources.
Cheng Yonghong, Director of Overseas Business of Jinchuan, and Chairman of Jinchuan Hong Kong's Board of Directors, along with Dong Kun, General Manager of the Investment Department of CADFund, signed the strategic cooperation framework agreement on behalf of each side
Heads of relevant departments and units from both sides participated in the discussions and the signing ceremony.
