OREANDA-NEWS. November 16, 2011. Baosteel Group Chairman Xu Lejiang meets with Citigroup institutional client section vice president Carlos Gutierrez and his retinue in Baosteel Tower. The two sides exchange views on world economic situations, reported the press-centre of Baosteel.

Citigroup is the financial services group with largest assets, most profit, most global chains, most complete range of business in the world. Institutional client section mainly consists Citigroup's sales and trading / capital market, investment banking, corporate and commercial banking, transaction service and alternative investment business, whose trading service includes cash management, trade service, custody and fund service, clearing service and agency / trust service.

During the meeting, Xu Lejiang says that the market environment change and China's development trend have brought new challenges and opportunities to the current development of China's steel industry. Baosteel has also been thinking about how to adjust the structure and change the development mode so as to adapt to new change and requirements. He hopes the two sides can regularly carry out high-level and business team exchanges and explore opportunities for cooperation so that the cooperation between the two sides can be more stable. Carlos Gutierrez says Citigroup will continue to provide financial service to support Baosteel's overseas business development.

Group Corporation capital operation section and operational financial section chiefs attend the meeting.