On April 22, BANK OF CHINA Chairman Ge Haijiao held a working meeting with Tan Chengxu, Chairman of Ansteel Group Co., Ltd., at the BANK OF CHINA headquarters building. Ansteel Group Chief Accountant Wu Kunzong also attended the meeting.
Ge Haijiao stated that the steel industry is one of China's most globally competitive sectors. The outline of the 15th Five-Year Plan includes arrangements for promoting quality upgrades in key industries such as steel, pointing the way for finance to empower the construction of a modern industrial system. BANK OF CHINA and Ansteel Group have maintained close interaction over the long term, with cooperation steadily expanding in areas such as credit facilities, bond underwriting, international settlement, and pension account management. Leveraging its global advantages and comprehensive capabilities, BANK OF CHINA will continue to increase support, deepen coordination, enrich product offerings, and enhance service capabilities. It will focus on providing more resources in areas including investment and financing, international use of the renminbi, and personal finance, assisting Ansteel Group in taking the lead in building a modern industrial system and jointly contributing to accelerating the development of a manufacturing powerhouse.
Tan Chengxu introduced Ansteel Group's key development directions during the 15th Five-Year Plan period and recent operational performance, expressing gratitude for the long-term financial support from BANK OF CHINA. He noted that Ansteel Group is currently anchoring its strategy around the "dual-core + third pillar" layout, continuously strengthening core functions and enhancing core competitiveness. The cooperation foundation between Ansteel Group and BANK OF CHINA is solid, with a series of fruitful achievements in areas such as credit cooperation, international settlement, and supply chain financing. He expressed hope that both sides would jointly leverage the "three roles" of central enterprises—technological innovation, industrial control, and safety support—to accelerate alignment in strategic planning, industrial coordination, and project collaboration, thereby better serving and supporting the modernization drive.
Ansteel Group is China's steel enterprise with the most substantial resource advantages, the world's largest vanadium producer, and the country's largest titanium raw material production base. It is renowned as the "eldest son of China's steel industry" and the "cradle of New China's steel industry." Currently, the group operates 28 overseas companies and institutions, with its products sold in more than 70 countries and regions worldwide.
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