Shagang Finance Co., Ltd is a subsidiary of Shagang Group. It was approved by National Financial Regulatory Administration as a non-bank financial institution in March2010, with a registered capital of 1 billion Yuan.

Its main business scope includes: absorbing deposit from member units, handling loans of member units, handling the discount of negotiable instruments, handling fund settlements and paymentsformember units, providing member units with entrusted loans, bond underwriting, non-financial guarantees, financial advisors, credit authentication, and consulting agency services; engaging in inter-bank borrowing,handling billacceptance by member units and buyer credit for member units,engaging in securities investment with fixedincome, and other businesses approved by the National Financial Regulatory Administration.It plays an important role in the centralized management, settlement, fund financing, and financial advisory of Shagang Group, thus making positive gatherings and radiation effect on reducing finance expense, improving utilization efficiency of the funds, and strengthening core competitiveness for Shagang Group.