Chen Bo, Chairman of Inner Mongolia Xinhe Resource Investment Group, Attended the 2020 Summer National Coal Trade Fair in Beijing

The 2020 Summer National Coal Trade Fair was held in Beijing from August 27-28. Chen Bo, Chairman of our group, led relevant leaders of the Group Coal Co., Ltd. to attend the meeting.

At the meeting, Comrade Liang Jiakun summarized and reviewed the progress made in various aspects of the coal industry over the past four years in his keynote speech, analyzed the problems and difficulties in the reform and development of the coal industry, and put forward higher expectations and requirements for the future. Liang Jiakun emphasized that a high standard coal market system is an important foundation for the high-quality operation of the coal economy. The construction of the coal market system during the 14th Five Year Plan should focus on 10 aspects of work: firstly, by the end of the 14th Five Year Plan, the coal trading standard system should be basically established, and the construction of the production, supply, storage, and sales system should be steadily promoted; Secondly, strengthen market monitoring and early warning to promote the scientific organization of production by coal enterprises; Thirdly, adhere to the medium to long-term contract system for coal and the pricing mechanism of "base price+floating price" to promote the stable and healthy development of the coal market; Fourthly, strict quality management of commercial coal; Fifth, strengthen industry self-discipline and build a social credit system that meets the requirements of high-quality development in the coal industry; Sixth, leverage the advantages of 5G, big data, information technology, and intelligent technology to accelerate the development of modern and intelligent coal logistics; Seventh, utilizing technologies such as blockchain, big data, and the Internet of Things to promote the construction of a national coal market trading big data platform; Eighth, establish a diversified coal reserve system and encourage enterprises to build coal reserve projects in coal consumption centers, transportation hubs, and coal unloading ports; Nine is to establish a national coal emergency guarantee mechanism that involves multiple parties, has a reasonable mechanism, clear powers, operates efficiently, has advanced technology, is well regulated, has strong support, and responds quickly; The tenth is to make a good plan for the construction of the "14th Five Year Plan" market system, and form a new development pattern where the construction and development planning of the coal market system mutually promote each other.

The National Coal Trade Fair is an industry event where coal supply and demand enterprises share development opportunities. Our group takes the annual coal trade fair as an opportunity to consolidate existing cooperative enterprises, expand new downstream customers, expand the depth and breadth of cooperation with customers, and provide favorable market support for the next step of coal market sales.