OREANDA-NEWS. November 27, 2013. After approved by Shanxi Administrative Office of the State Administration of Foreign Exchange, Finance Company Limited of Taiyuan Iron and Steel (Group) Co. Ltd. (TISCO) was qualified for spot forex sale and purchase business.

It is reported that Finance Company Limited of TISCO is a non-bank financial institutions and can provide financial management services for the members of TISCO.

Its business scope mainly includes Renminbi and foreign currency deposits and loans, bill acceptance and discount, settlement and finance consultant inside TISCO with the purpose to strengthen the enterprise group funds centralized management and improve the enterprise group funds usage efficiency.