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Friday, 21 January 2011, 11:40 HKT/SGT

Source: HKTDC
RUSAL Ready for China's New Five-Year Plan; Deputy CEO Says Company Primed to Supply Growing Market

HONG KONG, Jan 21, 2011 - (ACN Newswire) - The world's largest aluminium producer stands ready to help satisfy China's growing need for the metal over the next five years, said Oleg Mukhamedshin, Deputy CEO and member, Executive Committee UC RUSAL.

"We understand that based on the new five-year development plan, China expects to produce about 20 million tonnes of aluminium per year," said Mr Mukhamedshin on 18 January, while in Hong Kong attending the recently concluded Asian Financial Forum.

"At the same time, (China) is expected to consume about 24 or 25 million tonnes of aluminium per year by the end of 2015. So clearly it's going to be in net input position, and Rusal is happy to supply this gap to China. We are located just 500 kilometres from China, so we can do it easily."

Mr Mukhamedshin made these comments to the HKTDC webcasting service. For an expanded version of his interview, please visit

More than 1,700 participants from over 30 countries and regions took part in the fourth Asian Financial Forum (AFF), which took place 17-18 January at the Hong Kong Convention and Exhibition Centre. The total marks a new AFF attendance record.

Top International Speakers

Forum highlights included more than 70 speakers, among them the mainland's Cheng Siwei, Former Vice Chairman, Standing Committee, National People's Congress, and Chairman, International Finance Forum (Beijing); Shang Fulin, Chairman, China Securities Regulatory Commission; and Wu Dingfu, Chairman, China Insurance Regulatory Commission. Other prominent mainland speakers who took part in the two-day forum included Chen Yuan, Chairman, Board of Directors, China Development Bank, and Xiao Gang, Chairman, Bank of China Ltd.

Major overseas speakers included William Hague, Secretary of State for Foreign and Commonwealth Affairs, the United Kingdom; Cesar V Purisima, Secretary of Finance, The Philippines; Rintaro Tamaki, Vice Minister of Finance for International Affairs, Japan; Bill Shorten, Assistant Treasurer and Minister, Financial Services and Superannuation, Australia; John Peace, Chairman, Standard Chartered PLC; and Anthony Bolton, President, FIL Investment Management (HK) Ltd.

China Spotlight

Asia, particularly the Chinese mainland, was the central focus of this year's AFF. Panel discussions ranged from global investment opportunities and challenges to Asia in a global environment of low interest rates and excess liquidity, to China opportunities and mainland enterprises in the global scene.

AFF 2011 presented nine thematic workshops. Highlights included a workshop on "Hong Kong as China's Global Financial Centre - the RMB Dimension,' organised by the Hong Kong Government's Financial Services and the Treasury Bureau, the Hong Kong Monetary Authority and the HKTDC. The AFF Deal Flow session today featured more than 400 pre-arranged business-matching meetings between companies and potential investors.

Keynote Luncheons

Forum highlights also included two luncheon addresses: on 17 January, Chongqing Mayor Huang Qifan spoke about the emergence of his city on the world stage. The next day, Columbia University Professor Robert Mundell, Nobel Prize Laureate in Economics, talked about realigning currencies in a non-aligned world.


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The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via trade publications, research reports and digital news channels. For more information, please visit: Follow us on Twitter @hktdc and LinkedIn.

Corporate Communication Department
Joe Kainz
Tel: +852 2584 4216
Email: [email protected]

Jan 21, 2011 11:40 HKT/SGT
Source: HKTDC

Topic: Trade Show or Conference
Sectors: Daily Finance, Daily News
From the Asia Corporate News Network

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