Industrial and Commercial Bank of China Limited Beijing Branch ("ICBC Beijing Branch") and China Beijing International Mining Exchange Limited ("CBMX") signed a Strategic Partnership Agreement in a ceremony recently held in the CBMX's Exchange Hall at the Financial Street. Speaking at the ceremony were Wang Zhenjun, the President of ICBC Beijing Branch and Wu Ruchuan, the Chairman of CBMX. Leaders from ICBC Head Office and ICBC Beijing Branch together with CBMX's Leaders witnessed the conclusion of the agreement. The signing ceremony marked the significant progress of investment and financing services to Beijing's factor markets.

The CBMX, approved by Beijing Municipal Government, is a public services platform for trading of mineral right and mineral products. It is a trading platform of mineral right designated by the Beijing Municipal Bureau of State Land and Resources, also the organization to run the China Iron Ore Spot Trading Platform. CBMX plays pivotal roles in determining reasonable and transparent iron ore prices, upholding market order and marketization of mineral rights (exploration right, mining right), which is of strategic importance to create a fair and orderly iron ore international trading system.

The conclusion of the strategic partnership between ICBC Beijing Branch and CBMX demonstrates ICBC's support to Beijing economy and its commitment to social responsibility. Being the largest commercial bank in Beijing in terms of asset scale, management level, financial service and innovation, ICBC Beijing Branch attaches high importance and lends intensive support to the development of factor markets in Beijing. The Branch has established partnership with many organizations in Beijing including Beijing National Cotton Exchange, Beijing Bulk Commodity Exchange. Tapping onto the cutting-edge technology and extensive settlement network, along with the safe and advanced electronic banking platform and experienced product service and innovation team, ICBC Beijing Branch has set up a comprehensive portfolio of services and products for factor markets. Besides winning the recognition from the market, the Branch also builds up its leading market position among the banks in China.

The successful conclusion of the strategic partnership agreement between ICBC Beijing Branch and CBMX will be a driving force to connect the factor markets with the financial capital in terms of scale, level and standard. Under the stewardship of Beijing Municipal government and the concern from the Beijing factor markets themselves, industry, financial peers and the public, factor markets in Beijing will certainly do better and prosper under more favorable conditions, bringing growth by leaps and bounds.