en.Wedoany.com Reported - Recently, China Huabao Investment and Angang Steel signed a strategic cooperation agreement. The two parties will fully leverage their respective central enterprise backgrounds, industrial resources, and financial advantages to continuously learn from each other, expand cooperation areas, enhance cooperation levels, and promote mutual development. Li Lina, Member of the Standing Committee of the Party Committee and Chief Accountant of China Baowu, and Wu Kunzong, Member of the Standing Committee of the Party Committee and Chief Accountant of Ansteel Group, witnessed the signing.
Prior to the signing, the two parties held a working meeting. They agreed that the two central enterprises share a profound historical connection, with long-term collaborative efforts and close exchanges, rich interactions at various levels, serving as a model for deep cooperation and synergy among central enterprises in the same industry. Facing the significant challenges of long-term capacity reduction and structural adjustment in the steel industry, this deepening of synergy and strategic cooperation at the subsidiary level will further strengthen the cooperation bond, enhance the resilience of the industrial chain, create a win-win situation with complementary advantages, help promote high-quality development of the steel industry, and lead and drive the sustainable development of the entire industry.
According to the strategic cooperation agreement, Huabao Investment will fully coordinate China Baowu's financial resources, align with the specific needs of various industrial scenarios of Angang Steel, integrate financial licenses and fintech capabilities, and provide professional services in areas such as industry analysis, hedging, financial leasing, supply chain finance, digital intelligence technology, capital operations, fund management, and asset securitization, thereby consolidating the synergistic development of both parties in information sharing, cooperative innovation, and talent cultivation.
Relevant heads from China Baowu's Industrial Finance Center, Finance and Capital Department, Baowu Shared Services, as well as Ansteel Group's Operation and Finance Department, Capital Operations Department, Angang Steel, and Ansteel Capital attended the meeting.
