en.Wedoany.com Reported - On June 9, 2026, Wugang Group Co., Ltd., a subsidiary of China Baowu Steel Group Corp., held a cadre announcement meeting in Wuhan. At the meeting, the Organization Department of the CPC China Baowu Committee announced the decision regarding the adjustment of Wugang Group's leadership: Fan Hongchao was appointed as General Manager of Wugang Group, while continuing to serve as a Director and Deputy Secretary of the Party Committee of Wugang Group. Xiao Yang, Secretary of the Party Committee and Chairman of Wugang Group, and Chief Representative of China Baowu's Wuhan Headquarters, presided over the meeting. Li Lina, Member of the Standing Committee of the CPC China Baowu Committee and Chief Accountant, attended the meeting and delivered a speech.
China Baowu Steel Group Corp. was formed in 2016 through the merger of former Baosteel Group and Wugang Group. Headquartered in Shanghai, it is the world's largest steel producer, with an annual crude steel output of approximately 130 million tons in 2025. Wugang Group, formerly known as Wuhan Iron and Steel (Group) Corporation, was established in 1955 and was the first large-scale integrated steel enterprise built after the founding of the People's Republic of China. Following the merger of Baosteel and Wugang in 2016, Wugang Group became a wholly-owned subsidiary of China Baowu, fully transitioning into a real estate operating company focused on industrial park development and operations, while also developing diversified businesses such as technical services and new materials.
Fan Hongchao, born in 1969, holds a university degree and is a member of the Communist Party of China. He previously served as Vice President of Baosteel Development Co., Ltd. and Senior Vice President of Baodi Assets, among other positions. He has long been engaged in industrial park development and asset operation management, possessing extensive cross-sector management experience. In 2024, he was transferred to Wugang Group as a Director and Deputy Secretary of the Party Committee, overseeing daily operations. This appointment as General Manager of Wugang Group marks his formal assumption of the role as the principal leader of the company's management team.
At the meeting, Fan Hongchao stated that he would work unwaveringly with the Party Committee team led by Comrade Xiao Yang to implement all decisions and deployments of China Baowu, accelerating the effective implementation of the company's second Party Congress spirit. Xiao Yang noted that Comrade Fan Hongchao has rich work experience, having deeply cultivated the industrial park core business for many years. Since his transfer to Wugang Group, he has driven the company's operations to improve against the trend, with core indicators exceeding targets. He expressed hope that this adjustment would serve as a new starting point to enhance cross-sector and full-chain collaborative innovation.
Li Lina, on behalf of the CPC China Baowu Committee, put forward four requirements, including strengthening political leadership, strictly observing discipline and rules, implementing Baowu's strategic deployments, and safeguarding the operational foundation. She pointed out that Wugang Group should anchor the goal of accelerating the construction of a world-class enterprise, ensuring that the "double half" main operating indicators are fully met; take cost-accounting management as the core approach, strengthen the real estate operations core business, and promote the quality and efficiency improvement of the "X" business; accelerate the deep integration of artificial intelligence with industrial operations and asset management, build a digital and intelligent core competitiveness, and drive Wugang Group's leap from traditional asset operations to a smart, value-driven high-quality development model.
This cadre adjustment optimizes the leadership structure of Wugang Group, helps advance the implementation of Wugang Group's "1345" development strategy, better leverages the "booster" role assigned by China Baowu, and provides organizational support for the company's transformation from steel production to industrial park operations.
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