A Hunan key enterprise for Africa trade · 80 of 118 staff hired locally in Africa
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On January 17, Tan Wang, General Manager of Changsha State-Owned Trade Group Co., Ltd. ('Changsha Trade Group'), and Liu Chuanqi, Executive Deputy General Manager of Changsha Free Trade Investment and Development Group Co., Ltd. ('Changsha FTZ Investment Group'), accompanied by relevant leaders of the Changsha area of the China (Hunan) Pilot Free Trade Zone, visited Jin'ang Group for inspection and exchange, and were warmly received by Chairman Ke Xiangjin. The participants held in-depth exchanges on multiple topics including the China-Mozambique Mining Cooperation Demonstration Zone, the China-Africa Mining Headquarters Building project, China-Africa mining market analysis and financial empowerment.
Chairman Ke Xiangjin introduced the Group's notable achievements in its African strategic layout in 2024. The Tanzanian nickel mine project is steadily advancing mining work, and Mozambique's 'China-Mozambique Mining Cooperation Demonstration Zone' has completed preliminary work such as compensation for the relocation of local residents and compensation for standing crops, with phase one construction planned to start in 2025. Thanks to the strategic layout of its overseas business in the early stage, 2025 will be a key year for Jin'ang Group's development. Jin'ang Group plans to take the lead in joining with upstream and downstream strategic partners to jointly develop and build the 'China-Africa Mining Headquarters Building' project. Once completed, the project will attract large and medium-sized upstream and downstream enterprises in China's mining sector to establish operations, forming a mining industry base covering the full industrial chain of geological exploration and surveying, mine planning and design, mine construction, extraction and processing, inspection and testing, international trade and supply-chain finance. The project proposal has now been submitted to the Ministry of Commerce.
Since its establishment in October 2022, Changsha State-Owned Trade Group Co., Ltd., relying on the innovation advantages of the Changsha area of the China (Hunan) Pilot Free Trade Zone, has focused on the core goal of growing import and export trade volume, achieving a high-standard start and high-efficiency sprint. To date, it has achieved cumulative import and export trade volume of more than RMB 10 billion, of which trade with Africa reached RMB 1.4 billion. General Manager Tan Wang of Changsha Trade Group introduced that in 2024 the group achieved revenue of more than RMB 2 billion in the non-ferrous metals sector and more than RMB 300 million in trade with Africa, and was awarded the AEO Advanced Certified Enterprise Certificate by Changsha Huanghua Airport Customs, accumulating rich experience in international trade. Jin'ang Group has a deep business foundation and a broad resource network in the African market, with fruitful results especially in mineral resource development and trade with Africa; the two sides can complement each other's advantages in upstream and downstream resources and have huge cooperation potential in the full industrial chain, financial empowerment and many other fields.
Changsha Free Trade Investment and Development Group Co., Ltd. was formerly Changsha Wuguang New City Development and Construction Co., Ltd., and is mainly responsible for the development and construction of the Changsha High-Speed Rail New City area. Liu Chuanqi, Executive Deputy General Manager of Changsha FTZ Investment Group, is full of expectations for the 'China-Africa Mining Headquarters Building' project proposed by Jin'ang Group. He suggested using the 'China-Africa Mining Headquarters Building' as a foundation to promote industrial integration and attract high-quality enterprises including Changsha Trade Group to join, creating a deep cooperation mechanism for mining enterprises so that state-owned, central and private enterprises can jointly deliver a 'combined punch' of industrial cooperation.
Jin'ang Group Chairman Ke Xiangjin said that state-owned enterprises have certain advantages in capital, talent and technology, while private enterprises have more flexible systems and mechanisms and a stronger awareness of seeking novelty and change, which determines that cooperation between state-owned and private enterprises covers a wide range of fields, including capital cooperation, supply chain cooperation and industrial chain cooperation. It is the general trend for state-owned and private enterprises to join hands and 'go global in clusters'. Since settling in Changsha, Jin'ang Group has actively carried out deep cooperation with large state-owned and central enterprises, proactively integrated into the joint building of the Belt and Road, and worked to create a demonstration highland for Hunan's economic and trade cooperation with Africa, demonstrating stronger competitiveness in the international market and injecting new momentum into China-Africa economic and trade cooperation.
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