On May 7, the 7th Session of the 7th Council of China International Contractors Association (CHINCA) was held in Beijing. Representatives from the 48 vice-chairman members attended the meeting. Chen Xiaojia, Chairman of CITIC Construction and Vice Chairman of CHINCA was invited to attend the meeting and gave a keynote speech.
Fang Qiuchen, Chairman of CHINCA, firstly reported the main work since the 6th Session of the 7th Council of CHINCA. Han Yong, Deputy Director of Department of Outward Investment and Economic Cooperation of the Ministry of Commerce, combining the guiding principles of the 2nd Belt and Road Forum for International Cooperation, introduced the trend of policies on enhancing industrial transformation and upgrading and relevant work progress under the new situation.
Chen Xiaojia, invited by CHINCA, gave a speech on the theme of “Upgrading Cooperation Philosophy, Focusing on High-Quality Development”, and exchanged and shared with other participants the practices of CITIC Construction in enhancing the Belt and Road Initiative recent years. CITIC Construction, taking equity cooperation as the link, has established a multilateral cooperation mechanism based on global resources, docked the international finance and industrial capital, improved its capacity of the integration of industry-finance capital and taken further steps in localized operation through cooperation with local leading enterprises.
The meeting also deliberated and passed the Recommendation Approaches for Chinese Enterprises Involved in Overseas Cooperation Projects (Exposure Draft) and the 2018 Annual Financial Report of China International Contractors Association.