Name: Song Hailiang, Vice President, China Communications Construction Company Limited

Title: Following Principles of Joint Construction and Shared Benefits and Building Community of Common Development

Abstract:

First, the Belt and Road Initiative enables China Communications Construction

Company Limited (CCCC) to be more confident in its internationalization drives

The Belt and Road Initiative brings huge demand and robust supply for structure adjustment, industry-finance integration, global layout, and regularized development, all needed for building an enterprise of world class.

Second, CCCC vows to be a pioneer of the Belt and Road Initiative

Going global is CCCC’s distinctive feature and advantage. The Belt and Road Initiative requires us to shift from opportunity-oriented development to strategy- oriented development. Responding to the initiative, CCCC has outlined the strategy of “Five-Style CCCC” with the aim of building the company into a globally known engineering contractor, urban complex developer and operator, distinctive property developer, infrastructure investor, general contractor of heavy marine machinery, port machinery manufacturing, and system integration. So far, our overseas profit contribution and oversea overall contribution both account for about one third of the total. CCCC’s global resource allocation capability and risk resistance capacity have been greatly strengthened.

Third, we should be open and sharing and strive for a mutually-beneficial and all-win development

We pledge: first, uphold correct value proposition; second, follow the country’s diplomatic and foreign trade strategies; third, promote “China standard” in global market; fourth, improve our global management capacity through capital operation; fifth, stick to localization-oriented development.

We suggest: first, strengthen collaboration, keep integrity, and turn industry chains into value chains; second, build an value network by establishing a strategic alliance including financial organizations, associate units, upstream and downstream firms through marketing operation; third, facilitate the government’s efforts in advancing economic and social development, profoundly involve in regional economic development, and provide quality government-purchased public services.

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