OREANDA-NEWS.  July 12, 2012. The delegation led by the president from the financial market headquarter of the Bank of China visited WISCO, WISCO president Mr. Deng Qilin warmly receipted the delegation at WISCO headquarter office building. The two parties reached consensus on further enhancing business cooperation to facilitate win-win development of the bank and enterprise, reported the press-centre of WISCO.    

Bank of China, founded in 1912, is one of the banks with the longest history in China, also one of the five large state-owned commercial banks in the mainland China. Bank of China and WISCO have long-term friendly cooperation in the related financial field over the years.

At the beginning of the meeting, President Deng Qilin expressed sincere thanks to the Bank of China for their great support and help to WISCO in the field of reform and development over the years. Mr. Deng also made brief introduction on the aspects of the current development situation of the steel industry at home and abroad as well as the recent situation of the production and operation of WISCO. In talking to further strengthen the cooperation between the bank and enterprise, he said, under the current severe situation that the supply is bigger than the demand of the steel market, price hike of raw materials of the upstream and manufacturing cost rise, etc., we hope Bank of China will provide further support in concern of preferential polices and low cost financing and loans, etc., through the two parties’ deep collaboration and holding each other in arms to get warm for going through the severe winter of the economy, so as to realize the maintenance and appreciation of the state-owned assets and create the new situation of the mutual win-win of the bank and enterprise.

Mr. Li Xiaojing expressed thanks for WISCO’s consistent confidence and support to Bank of China over the years, also expressed appreciation for the achievement obtained by WISCO in the aspects of production and operational management, resources development and globalization development, etc. He said, Bank of China will continuously consummate the financial service and optimize business model to provide support to the accelerated development of WISCO with more low-cost financial projects, and also hope that the two parties will enhance the cooperation to achieve mutual benefit and win-win success.

WISCO CFO Mr. Zhao Xiaoming and the assistant to the president Mr. Ji Zhaodong,leaders of related departments of head office and branch of the Bank of China attended the meeting.