On the afternoon of June 26, the signing ceremony of 10-billion yuan strategic cooperation agreement was held in the headquarters of Bank of China. Sinosteel president Huang Tianwen and vice president of Bank of China Hua Qingshan delivered speeches on the signing ceremony and signed on the agreement on behalf of each party.
Over the past century, Bank of China played an important role in China’s financial history. It is the most internationalized commercial bank in China. In terms of tier one capital, it ranked 18th among the world’s top 1,000 banks by The Banker magazine in 2005. As a Chinese financial institution with a history of almost a hundred years, the Bank is well known for its continuous business innovations, introducing many brand new products and services in the domestic banking industry, while paying regard to the need for prudence in its operations. It is widely recognized and commended by its peers and customers in international settlement, foreign exchange, trade finance, etc. On June 1, 2006, Bank of China’s shares begins trading successfully in Hong Kong, and the application procedure of its domestic A-share issue has been completed successfully on June 23. Therefore, trading start of Bank of China’s share is the world’s largest initial public offering (IPO), which becomes one of the largest and most successful IPO projects in both the international and domestic capital markets.
Sinosteel has established good business relationship with Bank of China as early as 1980s. For all these years, Bank of China has always been the strong supporter for Sinosteel in credit business, balance accountant, overseas investment and recombination. Deep friendship has been woven through the bilateral business.
After the establishment of the strategic cooperation partnership between Sinosteel and Bank of China, both parties will conduct all-round and multi-level cooperation in various fields in accordance with mutual benefit and win-win development. With the strong capital strength and good service system support from Bank of China, Sinosteel will further raise its corporate management and value creating capability, improve its corporate overall strength and core competence and exert more active influence. In future cooperation, Sinosteel will perform its obligation with the conviction of credit and responsibility and co-develop with Bank of China to create a bright future!
Sinosteel vice president Dong Zhixiong, vice president Jiang Hong, vice secretary, secretary of the commission of discipline Ms. Yang Yaqin, vice secretary Shao Dianxiang, chief accountant Liu Andong and relative department leaders of the two companies attended the signing ceremony. Before the signing ceremony, there was a sincere talking between Sinosteel president Huang Tianwen and vice president of Bank of China Hua Qingshan. After the ceremony, accompanied by Mr. Hua, Mr. Huang and his entourage visited the headquarters of Bank of China.
Sinosteel President Huang Tianwen Delivering a Speech
Vice President of Bank of China Hua Qingshan Delivering a Speech
Sinosteel President Huang Tianwen and Vice President of Bank of China Hua Qingshan Signing on the Agreement
Successful Completion of the Signing Ceremony
Before the Signing Ceremony, Sinosteel President Huang Tianwen Communicating with Vice President of Ba