On Jan. 25, SDIC released its first Overseas CSR Report (1995-2017), showing its practice and effects in its overseas investment and operation. Vice President Qian Meng elaborated on the whole CSR report.

 

International operation revenue reaches 33.3 billion RMB yuan, among which two third comes from countries along B&R Initiative.

 

Guided by the B&R Initiative, SDIC focuses on overseas direct investment, international engineering contracting, international trade etc.. By the end of 2017, SDIC’s international business covers 78 countries, among which 28 are B&R countries.  SDIC has 14 overseas branches, 11 are in B&R countries. Its international business revenue reaches 33.3 billion RMB yuan, among which 25.5 billion RMB yuan are from B&R countries.

 

SDIC invests in agriculture in Central Africa, providing jobs for 100 thousands cotton farmers.

 

By the end of 2017, SDIC has had 15 thousand overseas staff with 97% foreign employees. During its process of internationalization, SDIC has incorporate its philosophy of working for investors, for society, for employees into its internationalization process. SDIC attaches great importance to global sustainable development issues such as economic development, poverty alleviation, society integrity, environmental protection, partnership, actively fulfill its social responsibility and contributes to a community of shared future for mankind.

 

In recent years, SDIC gives full play to its unique role as state-owned investment company, taking into consideration of global economic development trend, B&R Initiative and China Manufactured 2025, with a view to providing high-quality service, pushing forward the local economic development and sharing the fruit of development with all the people in the world.

 

Praised by the CPC General-Secretary, SDIC’s fertilizer plant saves 200 billion USD foreign exchange for Bangladesh.

 

Besides, SDIC issued overseas bonds for the first time, acquired sovereign and quasi-sovereign international credit rating and laid a solid foundation for the expansion of financing channels in overseas capital market. SDIC Power successfully acquired Banten Coal-fired Power Project in Indonesia, provided power for local people and ease the energy shortage pressure. SDIC Zhonglu exported 90% of its product of concentrated fruit juice, provided high-quality nutritious juice to the world. Complant contracted Kensa, OMO2 and OMO3 sugar plant projects in Ethiopia, with the design capacity of 620 thousand ton of sugar, greatly eased the sugar shortage in those places.

 

SDIC Chairman Wang Huisheng once said that in the new era, we could play our role as investment holding company in the world stage to connect capital, technology and industrial upgrading to nourish new industries, new dynamic and guide the development of new industries. Standing on a new historical start point, SDIC would serve the national strategy, push forward international cooperation and lay a sound foundation for a first-class investment company and contribute to global economic development, social justice, ecological protection and a better world.