CMEC Awarded AAA Credit Rating as an International Contractor

13/12/2014

The 5th meeting of the 6th session of China International Contractors Association (CHINCA) & Industrial Annual Meeting 2014 was held in Changsha on September 11 and 12. At the meeting, CMEC won 2014 AAA credit rating as an international contractor.

About 300 representatives of director units and member enterprises across the country attended the event. CHINCA Chairman Diao Chunhe made a work report at the meeting. Li Yong, Deputy General Director of the Bureau for Management of Nongovernmental Organizations under the Ministry of Civil Affairs, attended and addressed the meeting.

Documents including Work Report of the 5th Meeting of the 6th Session of CHINCA were reviewed at the meeting, which is themed with "Grasping the Opportunities and Giving New Momentum to Industrial Development through Cooperation and Innovation". The group reviews were held in a warm atmosphere, and the representatives expressed their opinions actively, made in-depth discussions on the opportunities and challenges of the industrial development in the new period, analyzed the progress and disadvantages in industrial transformation and upgrading, and defined the direction of industrial development in the future and the guiding thought of the work of CNINCA.

The 2014 industrial annual meeting centered around the theme of  "regional economic new pattern and the 'going global' strategy of Chinese enterprises", CHINCA invited representatives from relevant government departments, enterprises and specialized research institutes including the Ministry of Commerce, the National Development and Reform Commission, China-Africa Development Fund and China Communications Construction Company Ltd. to make speeches on China's promotion of the strategic deployment for regional economic integration and development and the opportunities and challenges it brings for enterprises to implement their "going global" strategy, discuss about the strategic plan "One Belt and One Road" , China-Pakistan Economic Corridor, the Bangladesh-China-India-Myanmar (BCIM) and China-Africa Development Fund, and communicate with relevant enterprises. In addition, CHINCA held 3 symposiums during the meeting centering around "Business Development Model for Engineering Investment in the New Situation", "Risks of Overseas Projects of China-invested Enterprises" and "Business Development in the Labor Markets in Europe, Australia and New Zealand" so as to build a platform for its member enterprises to share information, exchange ideas and broaden views, winning high recognition of the member enterprises.

During the meeting, the award ceremonies for 2014 AAA Business Credit Rating, Chinese Enterprises in Top 250 ENR International Contractors and ICES Senior Membership as well as release and presentation of Implementation Manual for CSR Guidance of China's International Contractors and Guidelines for Risk Management of Enterprises' Overseas Projects were held. CMEC was awarded 2014 AAA Business Credit Rating and SINOMACH was ranked 25th on ENR's Top 250 International Contractors list.





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