The company was founded in Beijing in October 1992. It is a national commercial bank wholly owned by Shougang Corporation. It is the only joint-stock commercial bank initiated by a manufacturing enterprise in the country. In 1995/3, the shareholding system was reformed; in September 2003, the initial public offering of shares was made and traded, making it the fifth listed bank in the country. The main business scope includes: absorbing public deposits; issuing short-term, medium- and long-term loans; handling domestic and foreign settlement; handling bill acceptance and discounting; issuing financial bonds; issuing financial bonds; acting as agents in issuing, processing, and underwriting government bonds; trading and brokerage of government bonds and financial bonds; engaging in interbank lending; trading and brokerage of foreign exchange; engaging in bank card business; providing letter of credit services and guarantees; proxy receipt and payment; provision of safe deposit box services; foreign exchange settlement and sales services; insurance and other businesses approved by the former Banking Insurance Regulatory Commission; financial management and other businesses approved by the former Banking Insurance Regulatory Commission;. Main products: Specialized, specialized and integrated financial services such as deposits, loans, investment banking, trade finance, technology finance, green finance, pension finance, online finance, and cash management. Corporate honors: “Outstanding Financial Bond Issuer”, “Top 100 Settlement Companies - Outstanding Self-Employed”, “Outstanding Individual Award for Settlement Business”, “2019 People's Ingenuity Brand Award”, etc. By the end of the reporting period, the company had set up 44 first-level branches and 78 second-level branches in 120 prefecture-level cities across the country, with a total of 974 business outlets and 0.0389 million employees, forming an institutional system “based in the central economic city and covering the whole country.”
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