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SD-Gold Signed the Strategic Cooperation Agreement with BNP Paribas

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Release time:
2018/09/28

On September 27, the signing ceremony for the strategic cooperation between SD-Gold and BNP Paribas was held in Hong Kong. EricRaynaud, CEO of BNP Paribas Asia Pacific, Thierry Olive, CEO of Investment Banking Division, Paul Yang, CEO of Greater China, Zhang Bin, director of Shandong Provincial State-owned Assets Supervision and Administration Commission, Chen Yumin, secretary of the Party Committee and chairman of SD-Gold, Li Guohong, general manager of SD-Gold and chairman of Shandong Gold Mining Co., Ltd., Li Xiaoping, member of the standing committee of the Party Committee of SD-Gold, and Wang Xiaoling, deputy general manager of SD-Gold, attended the signing ceremony. Li Guohong, on behalf of SD-Gold and Thierry Olive and Paul Yang, on behalf of BNP Paribas, signed the agreement.

In his speech, Zhang Bin first expressed his congratulations on the agreement signing between SD-Gold and BNP Paribas, and briefly introduced the economic and social humanityconditions of Shandong Province and the development of Shandong state-owned enterprises. He fully affirmed the deep strategic cooperation between SD-Gold and world-class companies and financial institutions such as Barrick Gold and BNP Paribas, etc., and he hoped that BNP Paribas could further promote cooperation with provincial state-owned enterprises such as SD-Gold to promote better and faster development of the state-owned enterprises in Shandong.

Chen Yumin said that, in recent years, SD-Gold has vigorously implemented the “13th Five-Year Plan” strategy of “striving to be an internationally first-class mining enterprise and bravely fighting for the world’s top ten mining enterprises”, as a result, it has become the first gold production enterprise in China and ranked the 12th among the world’s gold enterprises. He emphasized that the development of SD-Gold, especially the international business development, cannot be separated from the full assistance of international financial institutions, thus hoped that BNP Paribas will provide more high-quality services to truly achieve win-win development.

EricRaynaudbriefly introduced the basic situation of BNP Paribas, congratulated SD-Gold on its development performances and said that SD-Gold will achieve greater success. He hoped to continue to expand the scope of strategic cooperation with SD-Gold and provide better financial services to help SD-Gold go better and further on the international stage.

The main cooperation fields between SD-Gold and BNP Paribas include credit business, settlement services and value-added services business, foreign exchange business, precious metals business, listing supporting services, international or offshore bond business, and cross-border or overseas corporate merger and acquisition. After the signing of the strategic agreement, BNP Paribas will fully cooperate with SD-Gold in development strategy and business needsand provide comprehensive financial services, which is of great significance to the internationalization development of SD-Gold.

Link: Brief Introduction to BNP Paribas

BNP Paribas is the largest bank in France. BNP Paribasis the 8th largest bank in the world in terms of total assets, according to S&P Global Ratings in 2018, ranks the 44th in the list of Fortune 500 Companies. With more than 190,000 employees, its businesses are distributed in 74 countries.

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