Jiugang Group Finance Co.,Ltd.

Jiuquan Iron and Steel Group Finance Co., Ltd

Jiuquan Iron and Steel Group Finance Co., Ltd. is a non bank financial institution approved by China Banking Regulatory Commission. It officially opened in February 2011 with a registered capital of 3 billion yuan.

Basic information

Financial company refers to a non bank financial institution established in accordance with the company law and the measures for the administration of financial companies of enterprise groups. It aims to strengthen the centralized management of funds of enterprise groups and improve the efficiency of the use of funds of enterprise groups, and provides financial management services for the member units of enterprise groups. Jiuquan Iron and Steel Group Finance Co., Ltd. is a non bank financial institution approved by China Banking Regulatory Commission. It was established in February 2011 with a registered capital of 3 billion yuan. the development goal of the 13th five year plan of Jiuquan Iron and Steel Group Finance Co., Ltd. is to build a unified financial service platform of the group company, give full play to its own advantages, build the financial company into the capital management center, capital operation center and financial consulting center of the group company, and build an innovative financial company with clear functional orientation, strong business service ability and high risk management level . The medium and long-term goal is to continue to build a unified financial service platform of the group company, form a new business sector of the group company, namely the financial sector, comprehensively improve the financial innovation ability, and continuously provide the group with all-round financial services.

company size

Jiuquan Iron and Steel Group Finance Co., Ltd. is a non bank financial institution approved by China Banking Regulatory Commission. It was established in February 2011 with a registered capital of 3 billion yuan. There are four shareholders in the company, and the composition, amount, proportion and mode of contribution are as follows: 1. Jiuquan Iron and steel (Group) Co., Ltd., with a capital contribution of 189 million yuan, accounting for 63% of the total equity; 2. Gansu Jiuquan Iron and Steel Group Hongxing iron and Steel Co., Ltd., with a capital contribution of 600 million yuan, accounting for 20% of the total equity; 3. Jiayuguan Hongsheng electric heating Co., Ltd., with a capital contribution of 480 million yuan, accounting for 80% of the total equity (4) Gansu Jiuquan Iron and steel logistics Co., Ltd. invested 30 million yuan, with the equity ratio of 1%;

organizational structure

In accordance with the company law, the articles of association of Jiuquan Iron and Steel Group Finance Co., Ltd. and the requirements of the CIRC, the financial company has established a corporate governance structure composed of the board of shareholders, the board of directors, the board of supervisors and the management, formulated relevant rules of procedure and working procedures, and clearly divided the responsibilities of decision-making, operation and supervision of the financial company. with the approval of the Standing Committee of the Party committee of the group company, the Party committee of the CPC Jiuquan Iron and Steel Group Finance Co., Ltd. and the Discipline Inspection Commission of the CPC Jiuquan Iron and Steel Group Finance Co., Ltd. were established in January 2019, under the management of the Party committee of the group company. the organizational structure and responsibilities are as follows: the risk control committee of the board of directors: formulate risk management and internal control policies, review and approve the credit and credit extension matters submitted by the management level; the audit committee of the board of directors: formulate audit policies, implement audit matters; the loan Audit Committee of the management level: review and approve the credit business matters submitted by the business department; the investment and Audit Committee of the management level: review and approve the credit business matters submitted by the business department Investment business matters reported by Party Affairs Department; party Mass Work Department: the Department directly under the Party committee, responsible for Party Affairs (organization, propaganda, ideological and cultural construction, social work, United Front work, etc.), Party construction, political work, the masses (including trade unions, Communist Youth League, women's Federation, mass organizations, etc.); settlement business department: the front desk Business Department of the company, responsible for docking with the group and member units Specific business, dealing with settlement business, Bill pool business and credit business; credit business department: front desk Business Department of the company, responsible for formulating credit business policies, carrying out credit business management and credit business expansion and innovation, docking with external financial institutions; financial market department: front desk Business Department of the company, responsible for formulating investment business policies, formulating financial company development planning and opening up public finance General management department: the company's middle management department, which is responsible for the company's administration, human resources, asset management and other comprehensive affairs management, connecting the external regulatory department and the functional departments of the group company; planning and capital department: the company's middle management department, which is responsible for the company's capital scheduling and operating budget , financial accounting, assets and liabilities, liquidity management, etc., connecting the external regulatory department and the functional departments of the group company; Information Technology Department: the company's middle management department, responsible for the company's information construction, improving the company's information construction level; maintaining the information system, ensuring the safety of the information system; risk management department: the company's middle management department, responsible for the company's risk management and internal control Audit and supervision department: the company's back office management department, the Department directly under the board of directors, is responsible for the control of the third line of defense of corporate governance, risk management and compliance management, and connects with the external regulatory department.

Corporate business

The business currently carried out by a financial company (including the business for its member units and its own operation) can be classified into four categories: deposit and settlement business, credit business, intermediary business and capital operation business. The details are as follows: (1) handling financial and financing consultancy, credit assurance and related consulting and agency business for its member units; (2) assisting its member units to realize transaction funds (3) approved insurance agency business; (4) providing guarantee for member units; (5) handling entrusted loans between member units; (6) handling bill acceptance and discount for member units; (7) handling internal transfer settlement and corresponding settlement and liquidation scheme design between member units; (8) absorbing deposits of member units; (9) providing guarantee for member units To handle loans and financial leasing for member units; (10) to engage in inter-bank lending; (11) to underwrite corporate bonds of member units; (12) to invest in Securities (excluding investment in the secondary stock market).

development history

2011

● approved by China Banking Regulatory Commission (YJF [2011] No. 31).

2012

● add the electronic commercial draft system (ECDs) and develop the business of electronic acceptance bill. ● access to urban financial network. ● with the approval of CBRC, three new businesses including loans, entrusted loans and financial leasing have been developed.

2013

● join Gansu Banking Association and become a full member.

2014

● entering the national interbank market and developing new interbank lending business. ● with the approval of China Banking Regulatory Commission (CBRC [2014] No. 530), two new businesses of underwriting corporate bonds and portfolio investment (excluding secondary market investment of stocks) of member units have been added.

2015

● new foreign exchange settlement and sales business of member units.

two hundred and one

seven

year

● with the approval of Shanghai Securities Exchange, it becomes a full member of Shanghai Securities Exchange. ● with the approval of Gansu regulatory bureau of China Banking Regulatory Commission (gyjf [2017] No. 170), the registered capital of the company increased from RMB 1 million to RMB 3 million.

2018

● with the approval of Shanghai bill exchange, it has become a directly connected participant in China's bill trading system.

two hundred and one

nine

year

● with the approval of the Standing Committee of the Party committee of the group company (JDF [2019] No. 5), the Party committee of the CPC Jiuquan Iron and Steel Group Finance Co., Ltd. and the Discipline Inspection Commission of the CPC Jiuquan Iron and Steel Group Finance Co., Ltd. are established, which are under the management of the Party committee of the group company.

Corporate culture

Core values

Adhering to the "iron mountain spirit" of "hard work, perseverance, courage to dedicate and forge ahead".

Enterprise tenet

Customer service, fairness and integrity, steady operation and innovative development

Business policy

Main responsibility operation, market operation, contract management, target assessment