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On December 24th, Li Renchao, the Party Committee Secretary and Chairman of CWPC, attended the 2024 Annual General Meeting of the Tianjin "Going Global" Cooperation Platform. The theme of the meeting was "Integrating into a New Phase and Seizing New Opportunities," aiming to implement the spirit of the Third Plenary Session of the 20th Central Committee and the Fourth the Belt& Road Forum for International Cooperation. The goal was to promote the integration of Tianjin's foreign trade and economic enterprises into the high-quality development of the Belt and Road Initiative and to serve high-level opening-up. During the meeting, leaders from the National Financial Regulatory Administration, the Municipal Government, the Municipal Commerce Bureau, the Municipal Development and Reform Commission, and the Tianjin Branch of China Export & Credit Insurance Corporation (Sinosure) delivered speeches. Representatives from six enterprises spoke, and two experts conducted teaching exchanges. Li Renchao, as one of the enterprise representatives, also delivered a speech at the meeting.

Li Wenhai, the deputy mayor of Tianjin pointed out that as a strategic city for the country's foreign trade and economic activities oriented towards the east and the sea, Tianjin has a solid foundation and significant opportunities for expanding overseas. The Tianjin Branch of China Export & Credit Insurance Corporation (Sinosure) has closely aligned with the "Going Global" trend and the needs of enterprises, actively serving the city's high-level opening-up strategy and building a unique industrial ecosystem in Tianjin's foreign trade and economic sector. The Tianjin Municipal Government will continue to provide excellent services to enterprises, fully supporting their growth and strengthening in Tianjin, and helping them leverage government-built platforms to achieve greater development. Deputy Mayor Li also hope that foreign trade and economic enterprises would make full use of the platform's resources, collaborate for mutual benefit, go global together, and jointly contribute to the Belt and Road Initiative.

Li Xiuping, General Manager of the Tianjin Branch of China Export & Credit Insurance Corporation (Sinosure), introduced that the Tianjin "Going Global" Cooperation Platform focuses on "government promotion, financial support, and enterprise collaboration." It has created a new model of "going global together," where central enterprises lead state-owned and private enterprises, and foreign economic activities drive foreign trade, achieving remarkable results in helping enterprises expand overseas collectively. By 2025, the "Going Global" platform will adhere to the principle of "Three More Pragmatic Approaches!" to further enhance its effectiveness.

Adhere to More Pragmatic Market Development: Strengthen horizontal collaboration among platform enterprises and further enhance the precision of project matchmaking. Promote vertical coordination within industrial chains, fostering the integrated development of "foreign economic activities + foreign trade" and "foreign trade + domestic trade." Emphasize both "going global" and "bringing in," replicate and promote the cooperation model of Hyper Partners Group, and strengthen source development and two-way interaction!

Adhere to More Pragmatic Project Promotion: Better leverage the role of "go and between" cultivate a tiered project database, strengthen preemptive services, highlight coordination among all parties, and improve the efficiency and success rate of platform project promotion. Transform the concept of "going global together" into more tangible results!

Adhere to More Pragmatic Risk Management: Make full use of the continuation policy for credit insurance project-specific arrangements. For projects in strategic emerging industries, strategic resource supply security, and key Belt and Road Initiative projects, further optimize underwriting conditions and provide more competitive financing and insurance solutions. Support overseas enterprises in strengthening their confidence and forging ahead with determination!

Li Renchao introduced the main achievements of CWPC with the help of Tianjin's "Going Global" cooperation platform in his speech:

Platform-led and collective development

Since its establishment in 1983, CWPC has been focused on the manufacturing of power plant equipment and EPC (Engineering, Procurement, and Construction) projects for over four decades. It is the fourth enterprise in China to possess ultra-supercritical power generation technology, with independent intellectual property rights and a leading position in multiple power generation fields. CWPC's products and services cover more than 60 countries worldwide, as well as over 30 provinces, cities, and autonomous regions in China, including Hong Kong and Macau.

Responding to the platform's call, CWPC has set up a branch in Tianjin, marking an important step in the company's strategic global energy market layout. Tianjin will become an important fulcrum for CWPC's future collective development and overseas expansion.

       Leadership Attention and Local Support

Tianjin Municipal Government Vice Mayor Li Wenhai has conducted multiple visits to CWPC to understand the company's production and operational conditions, offering high recognition and support. The Tianjin Municipal Government will provide precise services and strong support in areas such as production conditions, fiscal and tax policies, financing, and talent recruitment. This aims to create a favorable business environment, foster mutual collaboration between the government and the enterprise, and drive the company's growth.

Platform Empowerment, Corporate Benefit

The "Going Global" cooperation platform in Tianjin, jointly established by multiple departments, aims to fully leverage the government's policy support and the financial service advantages of China Export & Credit Insurance Corporation (Sinosure) to assist enterprises in expanding overseas. CWPC has leveraged this platform to rapidly obtain market information and resources in East Asia, Central Asia, Africa, and other international markets. The platform has accelerated the company's "Going Global" speed and reduced the costs and risks associated with international expansion.

With Sinosure's support, the results have been fruitful.

The Tianjin branch of China Export & Credit Insurance Corporation (Sinosure) has played a crucial role in expanding the horizons and creating channels for CWPC, providing irreplaceable support for the company's overseas project implementation. Since joining the platform, CWPC’s Tianjin company has successfully landed multiple new energy EPC projects in Uzbekistan, Kyrgyzstan, Kazakhstan, Laos, and Zimbabwe. With the support of multiple parties, customer confidence has been enhanced, project implementation has accelerated, and the outcomes have been remarkable.

As a member of the "Going Global" platform, CWPC will deepen cooperation with other platform enterprises to achieve complementary strengths and resource sharing. Together, they will jointly develop high-quality overseas projects, explore business opportunities, and promote collaborative efforts to accelerate internationalization. With the support of the Tianjin Municipal Party Committee and government, the "Go Global" cooperation platform, and the Tianjin branch of China Export & Credit Insurance Corporation (Sinosure), CWPC's investment and development in Tianjin are expected to reach new heights. This will create new growth points for CWPC and add new vitality to Tianjin's and the nation's opening-up and economic development

天津市商務(wù)部駐天津特派員辦事處、市商務(wù)局、市發(fā)展改革委、天津市人民政府外事辦公室、市工業(yè)和信息化局、市財(cái)政局、市金融局、國家金融監(jiān)督管理總局天津監(jiān)管局、天津海關(guān)、各區(qū)政府及商務(wù)主管部門、中國信保、“走出去”合作平臺企業(yè)代表參會。

The meeting was attended by representatives from the Office of the Special Commissioner of the Ministry of Commerce in Tianjin, Tianjin Municipal Bureau of Commerce, Tianjin Municipal Development and Reform Commission, Tianjin People's Government Foreign Affairs Office, Tianjin Municipal Bureau of Industry and Information Technology, Tianjin Municipal Finance Bureau, Tianjin Municipal Financial Bureau, Tianjin Regulatory Bureau of the National Financial Supervision Administration, Tianjin Customs, district governments and commerce authorities, China Export & Credit Insurance Corporation (Sinosure), and enterprises from the "Go Global" cooperation platform.