Sharing the High Quality Development Opportunities of China's Economy "(Witnessing the Opportunities of China) - Interview with Liang Wanxin, Chief Financial Officer of Fordshaw Group in Australia

China has always demonstrated its ability to adapt to changes and invest in long-term development, maintaining its position as a global leader in manufacturing and infrastructure construction, "said Liang Wanxin, Chief Financial Officer of the Australian Forester Group (hereinafter referred to as" Forester "), in a recent interview with our reporter.

In early August, Ford River announced the successful completion of a syndicated term loan financing totaling RMB 14.2 billion. This is a major breakthrough for Australian companies to achieve RMB syndicated loans for the first time, which not only demonstrates the long-term and deep cooperative relationship between Forbes River and Chinese partners, but also reflects foreign companies' recognition of China's economic resilience, "said Liang Wanxin." This also shows that under the new development pattern of China's domestic and international dual circulation mutual promotion, foreign-funded enterprises continue to increase their investment in China and share the opportunities for high-quality economic development in China

In 2019, Fudeshi River established a wholly-owned subsidiary in the Shanghai Free Trade Zone, which directly supplies iron ore to Chinese steel companies through RMB cross-border settlement, achieving localization of services. Liang Wanxin stated that the port sales of Fudeshi River in the Chinese market are priced in RMB, effectively reducing the impact of exchange rate fluctuations on profits. This measure enriches the company's financing channels and capital sources.

Since entering the Chinese market in 2007, Ford River has maintained close cooperative relationships with Chinese partners. In May 2007, Ford River established a representative office in China in Shanghai; In May 2008, the first bulk cargo ship loaded with 180000 tons of iron ore on the Fords River sailed from Hedland Port in Western Australia to Shanghai Baosteel Majishan Port, officially opening iron ore trade with China. As of May 2024, Forbes River has exported over 2 billion tons of iron ore to China, becoming one of the major iron ore suppliers in China.

The Chinese market accounts for 90% of the annual global iron ore shipments of Fordsriver and occupies an important position in Fordsriver's global layout. Liang Wanxin stated that Fudeshi River regards China as its largest customer and a key partner in innovation, supply chain development, and decarbonization. Since 2023, Fudeshi River has signed memorandums of understanding with companies such as China Baowu, COSCO Shipping Group, CITIC Taifu Special Steel Group, and Hunan Iron and Steel Group to conduct in-depth discussions on reducing carbon emissions in the ironmaking process, decarbonizing the shipping industry, and green iron projects. Through strategic partnerships with leading Chinese new energy equipment manufacturers, Fordshehe is integrating cutting-edge technology into projects such as wind, solar, energy storage, railway, and mining equipment. These collaborations not only generate economies of scale for decarbonization actions, but also enhance economic value, operational efficiency, and innovation capabilities, significantly reducing the carbon footprint of mining operations.

Liang Wanxin believes that the Chinese economy continues to demonstrate resilience, adaptability, and a firm determination to promote structural transformation. The high-quality development of the Chinese economy brings significant opportunities, especially in areas such as clean energy, green iron, and supply chain innovation, which are the key investment directions of Ford River. Collaborating with Chinese institutions is a key pillar for the company to achieve long-term growth strategy and lead the transformation of green industries, "said Liang Wanxin

(Yang Wanshi also contributed to this article)