Shagang Finance Co., Ltd was approved by China Banking Regulatory Commission (CBRC) as a non-bank financial institution in March, 2010, which locates in Jingfeng Town, Zhangjiagang City.

Tts registered capital is 1 billion Yuan, and provides all-round financial products and services for Shagang Group and member enterprises. The main business scope includes: absorbing deposit from member units, giving loans to member units, handling the discount of negotiable instruments, doing transfer discount and rediscount business, engaging in the business of insurance agency for member units, inter-bank borrowing, accepting electronic commercial draft, offering buyer’s credit, Extending industrial chain financial services (pilot). It plays an important role in centralized management of Shagang Group funds, settlement, funds accommodation, financial consultation and other aspects. It makes positive gatherings and radiation effect on reducing finance expense, improving utilization efficiency of the funds, and strengthening core competitiveness for Shagang Group.