On the morning of
Ren Zhufeng, Vice President and Party Group Member and also Deputy Officer of the COVID-19 pandemic
It's pointed out in the conference that the guiding principles given in General Secretary
For the pandemic containment work and production and of overseas enterprises,
Firstly, the safety and health of the employees should always be given top priority. At different stages of the outbreak, General Secretary
Secondly, the management and stability of overseas employees should be strengthened. Overseas enterprises should strictly implement the local pandemic containment policies and the relevant requirements of China Minmetals, strictly implement the approval procedures, strictly manage the personnel going abroad and returning, and strictly control the rotation of employees. The personal safety reminders of overseas employees should be timely, regardless of whether they are domestically stationed personnel or overseas employees, equal attention should be given with all-day health monitoring. On the basis of fully guaranteeing the needs of overseas enterprises, especially the ones situated in pandemic hard-hit areas, we must further donate protective materials, maintain good relations with local governments, partners and social groups, highlighting good image of our China Minmetals.
Thirdly, the special monitoring measures for financial risks should be firmly implemented. Various financial and capital risks must be strictly controlled with special supervision measures implemented during the current special period. All enterprises should optimize and adjust the production and sales, and apply no-loss bottom line to reverse the cost reduction plan. Strict measures must be carried out to control our self-employed exposure, prevent the occupation of external customers' inventories and receivables, and no risk items should be added for such reason as the impact of the pandemic. In addition, new investment should be strictly controlled, liquidity risk should be highly concerned, the scale and channel of credit financing should be stabilized, and the position reserve should be increased appropriately. For loans to major overseas projects, it is necessary to study and promote the implementation of adjustment and optimization programs in advance to effectively prevent credit risks.
Fourthly, the basic production and operation of overseas enterprises should be scientifically and reasonably stabilized with cost-saving as the means and reducing losses and increasing efficiency as the goal. Faced with the severe impact of the pandemic on production and operation, all overseas companies must systematically analyze to accurately grasp the reasonable size of the company's business and personnel, thereby saving expenses, reducing costs, and reducing losses. Meanwhile, overseas enterprises should also strengthen our understanding and mastery of the basic situation of our own production and operation, strictly save all kinds of expenditures, reduce all types of costs, and achieve the goals of reducing losses and increasing benefits, so as to scientifically and reasonably stabilize our production and operation.
Fifthly, work must be carried out in a professional and meticulous manner to ensure the stable and normal operation of the company. Each headquarter department, each directly-managed enterprise, and each overseas subsidiary must firmly and effectively fulfill their responsibilities. The loopholes and shortcomings in our duties must be filled in time to safeguard our own fields and responsibilities. Based on our own practical experience, all of us should take our own responsibility to ensure the stable and normal operation of the enterprise by thinking about the work in more detail, and implementing measures in a more solid manner.
The leaders of China Minmetals including Liu Caiming, Zhang Zhaoxiang, and
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