China Baowu Iron and Steel Group Co., Ltd. (hereinafter referred to as China Baowu) was formed by the joint reorganization of former Baosteel Group Co., Ltd. and Wuhan Iron and Steel (Group) Company, and was unveiled on June 0, 20 16+ 16. 2065438+September 2009, China Baowu implemented a joint reorganization of Maanshan Iron and Steel Group; In August 2020, China Baowu and Taigang implemented a joint restructuring;
On June 5438+00, 2020, China Baowu hosted Sinosteel; From June 5438 to February 2020, China Baowu became the actual controller of Chongqing Iron and Steel. China Baowu, with a registered capital of 52.7 billion yuan and an asset scale of 1, 0 1, 4 1 billion yuan, is a pilot enterprise of state-owned capital investment companies.
Commercial paper is the abbreviation of commercial paper, which refers to unsecured short-term bills issued by financial companies or enterprises to raise funds for issuers. Commercial paper can be endorsed and transferred, but generally it cannot be discounted to banks. The reliability of commercial paper depends on the credit degree of the issuing enterprise and is a kind of credit paper.