July 31, Baosteel and China Development Bank in Beijing and formally signed a comprehensive strategic cooperation agreement, marking the two sides to build a model of cooperation between banks, and vigorously expand the area of ??international cooperation to enter a new phase. In 2015, the National Development Bank will be a Baosteel implementation of the strategy of "going out" to new total $ 20 billion financing.
Baosteel Group Co., Ltd., deputy general manager Zhou Zhuping, Deputy Governor of the State Development Bank Wang-sheng, attended the signing ceremony, the assistant general manager of Baosteel Group Co., Ltd. Hu hair, Guo Lian, the State Development Bank Shanghai Branch, representing the two sides in the strategic cooperation agreement signature.
It is reported that total $ 10 billion of financing after the formal signing of a comprehensive strategic cooperation agreement, the State Development Bank in 2010, the two sides signed the "development of financial cooperation agreement" agreed on the basis of the period from 2011 to 2015, Baosteel Iron and Steel development of major industries and overseas resource development, steel extension processing, engineering and technical services and business development to add $ 20 billion in total financing, support Baosteel enhance the ability of international operations, help Baosteel to expedite the completion of the national distribution by the regional layout change, promote Baosteel to achieve a breakthrough on the international distribution, help Baosteel building the world's most competitive iron and steel enterprises and the implementation of "going out" strategy. Baosteel will also actively promote with the National Development Bank in various types of loans, financial management, clearing and settlement services, corporate bond underwriting, mergers and acquisitions, investment banking and other business cooperation.
Since 2009, Baosteel Group acquired rather steel restructuring Fujian Desheng Nickel Industry Co., Ltd. invested 30 billion yuan to accelerate the development of eight steel steel industry to invest 40 billion yuan in building berths in the Huanghua Port, nearly 5 billion investment in Hoi Po Industrial Park The extension of steel industrial chain, a joint venture of Thailand seamless steel tube project investment of 69.68 billion started construction of the Zhanjiang steel project has been the financial support of the domestic banks.
Steel associated information to understand that in 2009, Baosteel Group and the Agricultural Bank of China Co., Ltd. signed a comprehensive bank-enterprise cooperation agreement, ABC will Baosteel Group to provide a credit line of 50 billion yuan of intent. That same year, Baosteel Shanghai Branch of China Construction Bank, Bank of a total of 1.55 billion loan for the acquisition of Nanjing Steel. In 2010, Baosteel Group and Bank of China signed a strategic cooperation agreement amounted to 80 billion yuan. In 2011, China Construction Bank and Baosteel Group to hold a bank-enterprise cooperation signing ceremony, the intention to give financial support of 77.2 billion yuan. Four years, the State Development Bank, Agricultural Bank of China, Bank of China, China Construction Bank, the four large domestic banks and enterprises totaled to give the Baosteel Group, the financial support of nearly 400 billion yuan.
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