On Dec. 8, 2005, on the occasion of the Opening of Sinosteel International Holding Company Ltd. and the completion of Great Eagle Centre construction and decoration, Sinosteel International Holding Company Ltd. successfully held the “The Opening Ceremony of Sinosteel International Holding Company Ltd.”. It is a grand event that further expands the influence of Sinosteel in overseas market, establishes good image and strengthen the communication and cooperation with both domestic and overseas friends. About 200 guests from certain departments of the Central Government in Hong Kong SAR, Hong Kong SAR departments, Ministry of Commerce, CDB, China Exim Bank, China Credit Insurance Corporation, some chambers of commerce, financial organizations, Chinese enterprises and domestic and overseas customers and suppliers attended the ceremony. Sinosteel president, chairman of the board of Sinosteel International Holding Company Ltd. Mr. Huang Tianwen delivered an enthusiastic speech on the ceremony. He said that as the world famous international financial center, trading center and shipping center, Hong Kong becomes the global freest economic entity and best economic zone attracting direct overseas investment in Asia with the quality of geological location, sincere and friendly civilization environment, convenient and efficient information path, fair and open competing order and sound & service system. With the development of China’s steady economic increase, especially after the implementation of CEPA, mainland economy are more integrated with the economy in Hong Kong & Macao region. CEPA has become the catalyzer of the common economic prosperity and development in the Chinese mainland and Hong Kong. The Chinese Mainland is the largest trading partner of Hong Kong, the largest market and the major supply source of Hong Kong entrepot trade; while Hong Kong is mainland important trading partner, the largest foreign capital resource and the largest overseas investing place.
Located in Hong Kong, Sinosteel International Holding Company Ltd. is the major stage of Sinosteel promoting internationalized operation strategy and the wholly invested subsidiary for Sinosteel to operate and manage overseas business and overseas assets. Based in Hong Kong, back the Chinese Mainland and face the world, relying on Sinosteel solid strength in mineral resource development, trade & logistics and engineering project and science & technology and comprehensive auxiliary service and the regional advantages of Hong Kong in finance, information, management, product trade and logistics, Sinosteel International vigorously promotes the core businesses and core products international operation, optimizes Sinosteel overseas assets structure and global operating system, participates in Sinosteel overseas resource development and project investment both at home and abroad, increases operating capital, carries out third-country trade, implements effective supervision and management on the overall Sinosteel overseas business and capital operation, gradually develop Sinosteel’s global operation center, international investing center and international financing center and constantly improve the comprehensive strength and overall competence. With the faith that under the support and concern from the leaders and friends, Sinosteel International will play the active role in contributing to the regional prosperity of Hong Kong and the national overall economic development.
Afterwards, vice minister of the Economy Department of the Central Government Office in Hong Kong SAR Mr. Gan Yong, Mr. John Rutherford. Associate Director-General of Invest Hong Kong and Mr. Lam Yim Nam, BOC Hong Kong (Holdings) Limited delivered speeches, congratulated on the opening of Sinosteel International and wish Sinosteel International pr