Be the «the belt and road initiative» Energy Messenger

On 13 Jun 2014, President Xu, Jingpin clearly announced at the sixth conference of The Leading Group for Financial and Economic Affairs, Central Committee of the CPC, the highest decision making authority of Finance and Economics Affairs in China, the major strategic theory of «Four Revolutions and One Cooperation» on how the development of national energy security shall move forward.

The China’s energy demand is huge, compared with the general trend of the world level energy transformation platform. China, as a major energy consuming and responsible country, also carry on the missions of promoting technological innovations, promoting regional energy transformations and realizing sustainable developments. Since it has been established six years ago, the Dalian Huanbohai Energy Trading Center (Dalian HETC), which is located in the core area of Northeast China (Liaoning) and the pioneer of the Free Trade Zone, has completely implemented the requirements of major theory of «Four Revolutions and One Cooperation», had played a very important Chinese role in the process of crude oil globalization and built a new way.

On March 4, 2019, Mr. Zhu, Shiliang, Chairman of China Huanbohai Energy Trading Center, been invited and held business cooperation meeting with Secretary General H.E. Mohammad Sanusi Barkindo at the headquarters of Vienna, Austria, at Organization of Petroleum Exporting Countries.

International Marketing Reputation Rising

In June 2014, first Chinese modern and international platform enterprise, Dalian Huanbaohai Energy Trading Center, was established in Dalian Tax Free Trading Zone, integrating spot trading, warehousing, logistics and supply chain and finance of global commodities such as oil and petrochemicals.

«Embracing all rivers, innovating and doing practical work» is the true portrayal of the Huanbohai Energy Trading Center, which has been established simple and quiet and is now very famous in the international energy market. Dalian Huanbaohai Energy Trading Center has set up branches in Beijing, Shanghai, Shenyang, Qingdao, Qinhuangdao and other domestic large and medium-sized cities, as well as 27 different countries such as the United States, Russia, Azerbaijan, Canada, Nigeria, Colombia, and working with 34 of the top 50 oil companies in the world. The company has established business contacts and established multi-currency settlement centers in eight countries such as Dubai, Abu Dhabi, Singapore, the United Kingdom, Switzerland, Spain, Portugal, Sao Tome and Principe. The business covers domestic and international spot market transactions of energy resources such as crude oil, fuel oil, refined oil, liquefied natural gas, liquefied petroleum gas, asphalt, etc. more than 300 enterprise members have joined forces, with an accumulated trading volume of more than 60 million tons, and the accumulated trading volume of oil and natural gas is about US$300 billion.

For a long period of time, WTI index in New York and Brent index in London have been the most influential price indexes in the international crude oil markets, with most of Western countries managing the international crude oil prices. At the beginning of the 2019, after the Huanbohai Energy Trading Center announced the Huanbohai Energy Trading Price Index, H.E. Mohammad Sanusi Barkindo, Secretary General of the Organization of Petroleum Exporting Countries (OPEC), said that he was very glad that Chinese enterprises could publish their own price index. OPEC member states are happy to hear Chinese voice in the international crude oil market. China has a huge market and should have the right to voice. This is also conducive to stabilizing global crude oil prices. Later on, H.E. Mohammad Sanusi Barkindo personally invited the relevant principals of Huanbohai Energy Trading Center to attend a high-level meeting at its headquarters to discuss issues such as muti-currency trading settlement model.

On March 4, 2019, Mr. Zhu, Shiliang, Chairman of Dalian Huanbohai Energy Trading Centerthe has been invited by Organization of Petroleum Exporting Countries(OPEC), held business cooperation meeting with Secretary General H.E. Mohammad Sanusi Barkindo at the headquarters in Vienna, Austria. This is the first time that Chinese energy private enterprises have been invited to cooperate with OPEC to carry out trade cooperation activities, which will enhance and promote the value and influence of Chinese international energy trade and the impact in positive way.

During the meeting, Chairman Mr. Zhu Shiliang introduced to Secretary General H.E. Mohammad Sanusi Barkindo that as the first large enterprise of its kind in China, Huanbohai Energy Trading Center, which integrates bulk energy spot commodity trading and financial supply chain, it provides professional, market-oriented, efficient and high-quality services for thousands of energy production and marketing member enterprises at domestic and overseas, and has gradually become a globally recognized international energy industry trading platform.

In order to implement the Silk Road spirit of «peaceful cooperation, openness and tolerances, mutual learning, mutual benefit and win-win», Dalian Huanbohai Energy Trading Center, from the perspective of the new trend of world energy development and the new change of supply and demand pattern, has coordinated international and domestic resources and markets, formulated the International Energy globalization layout strategy, and initiated the activities of exploration of the new international energy revolution.

Accompanying second “One Belt, One Road” International Cooperation Forum, the broad consensus of all countries was obtained. In July 7, 2019, UAE Sheikh Khaled Bin Zayed Al Nahyan, Chairman of BIN ZAYED GROUP (BZG) and Mr. Wu Allen, Chief Executive Officer of BZG Asia Investment LLC, visited Huanbohai Energy Trading Center, and held a meeting with Chairman Zhu Shiliang. The both sides had a good meeting and signed a memorandum of understanding. Adhering to the principle of joint venture and sharing structure, the both sides focused on all aspects of cooperation in energy, real estate, finance and other fields, as well as specific cooperation projects and cooperation models. The both parties agreed to establish a comprehensive partnership, establish a joint mechanism, and rapidly carry out the work of all parties.

In September 2019, Dalian Huanbohai Energy Trading Center was invited to hold a meeting at the international commodity resources trading in St. Petersburg, Russia, to establish an innovative energy trading operation system between China and Russia.

In February 2020, the Dalian Huanbohai Energy Trading Center, His Royal Highness Salman Bin Yazid Bin Saud Bin A. Al-Saud from Kingdom of Saudi Arabia and his advisory team, the major shareholder and Executive director of the National Bank of Fujairah, the chairman of the Black Gold West Group and the owner of 38 companies in the United Arab Emirates Abdullah Al Gurg, President and CEO of Al Gurg group of companies, held a meeting and signed an agreement on the establishment of a joint trading mechanism for the world sales of energy products in the Middle East, and successfully signed a strategic cooperation agreement and set up a joint trading platform.

In March 2020, in order to implement the consensus of (SCO) International Round Table Meeting, with the strong support of Lianyungang Municipal Committee Party and Municipal government, Dalian Huanbohai Energy Trading Center established Eurasia international energy trading market management (JiangSu) Co., Ltd

These are highlights of recent developments of Dalian Huanbohai Energy Trading Center in the global market. They are the landmark achievements after they put forward the global energy distribution strategy. They are also the Silk Road spirit of «peaceful cooperation, openness and tolerances, mutual learning, mutual benefit and win-win» that Dalian Huanbohai Energy Trading Center actively implements and realizes trade through the trading center platform of the concrete measures of unblocking, financing, face to face, interest community and responsibility community have opened a new era of better and faster development of Dalian Huanbohai Energy Trading Center at domestic and overseas.

On February 27, 2020, representatives of Dalian Huanbohai Energy trading Center and their partners held meeting in Dubai. The both parties signed a strategic cooperation agreement on establishing a Joint trading mechanism for the sale of Middle East energy products in China.

Independent Innovation with Chinese Characteristics

The 18th National Congress of the Communist Party of China has made a major deployment to implement the innovation driven development strategy, and proposed to adhere to the path of independent innovation with Chinese characteristics and plan and promote innovation with a global perspective. From the perspective of the new trend of world energy development and the new change of supply and demand pattern, Dalian Huanbohai Energy Trading Center co ordinates international and domestic resources and markets, puts forward the precise positioning of the global layout of international energy and the overall structure of crude oil ecology, and makes a successful innovation exploration.

Guided by “One Belt, One Road” Initiative, richly endowed by nature, Huanbohai Energy Trading Center, relying on its unique geographical advantages and the dual policy advantages of Free Trade Zones and Bonded Zones, has independently created an integrated online spot trading system by using the Internet, Internet of cargo, financial innovation and RMB payment and warehousing and distribution system around the world. Member of enterprises at domestic and overseas provide eight kinds of «one-stop» specialized and high-quality services, such as spot listing, contract management, payment management, online payment, online financing, warehousing and logistics, and sharing big data information, which has become a widely recognized international energy trading platform in the industry at domestic and overseas.

At the first China new normal high level economic development forum and 2015 «People of the year of Developing China» hosted by China Development Network in 2016, Dalian Huanbohai Energy Trading Center won the Golden Diamond Award for business model innovation issued by China new normal high level economic development forum. Dalian Dalian Huanbohai Energy Trading Center become very famous from the national energy trading center because it has created the Internet + e-commerce + smart energy + financial innovation + efficient all-round logistics and a new sunshine trading mode relying on Dalian’s geographical advantages in Northeast Asia. At the forum, Mr. Zhu Shiliang, Chairman of Dalian Dalian Huanbohai Energy Trading Center, proposed that the development of crude oil trading from spot trading to futures trading should be gradually promoted in Dalian, so as to realize «Time cash and Future linkage», and finally provide a big value for Northeast Asia to realize the payment model of international crude oil RMB trading settlement mode.

In August 2016, Dalian Huanbohai Energy Trading Center and Liancai Oil Co., Ltd. jointly set up the oil trading sector, forming a pattern with Huanbohai as the command center and Shanghai, Qingdao and Qinhuangdao trading centers as the three sub centers

In March 2018, Zhanjiang Municipal government, Petro China Zhanjiang storage branch and Dalian Huanbohai Energy Trading Center held in-depth exchanges on jointly establishing the Huanbeibu Energy Trading Center. After its establishment, the huanbeibu Energy Trading Center will work together with Zhanjiang port, Petro China Zhanjiang storage branch and other units to enrich the online and offline energy commodity trading mode, and it is expected that nearly 100 billion yuan of energy trading volume will be settled in Zhanjiang City every year, bringing great contribution to the economic development of Zhanjiang City.

When the wind comes, we should sail and break the waves. We have a long way to go, but we need to whip up our horses to move faster. Mr. Zhu Shiliang, Chairman of Dalian Huanbohai Energy Trading Center, said that the center will stand at the global level of international energy, continue to take the initiative in innovation and forge ahead, continue to work with original intention and ingenuity, adhere to the cooperative development concept of integrity, standardization, integration and win-win, and strive to become one of the global-level spot energy trading centers through the docking service of international trading platform, to make new achievements the emissary of the “Silk Road” of the times, to build an international energy platform with Chinese characteristics and global influence, to provide a platform for striving for Chinese value in the international energy trading market and improving the pricing mechanism of energy products based on Chinese market factors, to contribute the promoting energy cooperation among different civilizations and expanding the new open pattern of international energy trading interconnection.

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