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The Group’s President Zhu Bixin Met with Baowu Group’s GM Chen Derong

The Group’s Headquarter     2016-12-06         

On December 6th, the Group’s president Zhu Bixin met with Mr. Chen Derong, General Manager of Baowu Iron and Steel Group and exchanged ideas on joint promotion for the structural reform on the steel industry supply side and the transformation and upgrading of the industry. The Group’s deputy Party secretary Shan Zhongli, vice president Qi Mingkai and Tong Laiming also attended the meeting.

Chen Derong introduced Baowu Group's reorganization and its recent development, particularly, as a leading enterprise of China's steel industry and a pilot unit of the state-owned capital investment corporation, its efforts focused on active promotion in the structural reform on the steel industry supply side and probes in the industrial transformation and upgrading. He said that Baowu Group wished to further strengthen communication with Chengtong Group and China State-owned Enterprise Structure Adjustment Fund to cooperate closely on establishing a metallurgical assets management company, an industrial transformation and development fund and related financial services in order to achieve win-win development.

Zhu Bixin extended warm welcome to Chen Derong et. al. and introduced the history and development of China Chengtong, as well as the focused work since the Group became the pilot of state-owned capital operation company and China State-owned Enterprise Structure Adjustment Fund was established. He said that it had always been a significant mission for China Chengtong and the State-owned Enterprise Structure Adjustment Fund to optimize the structural adjustment of the state-owned economy and promote the transformation and development of the central enterprises. For next step, China Chengtong will organize high-quality team and resources to abut against Baowu Group for the formation of the metallurgical assets management company, the industrial transformation and development fund and actively promote the progress. Joint research on the financial sector cooperation will also be on the agenda.   

General Manager of the Group’s Strategic Management Department Dong Zhiguang, General Manager of Chengtong Fund Management Company Wei Ran, General Manager of Planning and Development Department of Baowu Group Wu Dongying, General Manager of New Urban Industrial Development Center of Baowu Group Fu Xinyu, and General Manager of Baowu Group’s  Industrial Finance Development Center Zhu Kebing attended the meeting.

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