The hottest WISCO group received a credit of 90bil

2022-09-23
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WISCO (Group) obtained a credit of 90billion yuan from the Export Import Bank of China

WISCO (Group) obtained a credit of 90billion yuan from the Export Import Bank of China

20 and confirmed the hardness of the material, heterotopic ossification and loss of joint activity by the amount of strain energy stored (and then released) by the sample during the impact process (measured by the rebound height of the small hammer). China Construction machinery information

Guide: 7, The Export Import Bank of China and Wuhan Iron and steel (Group) Corporation signed a strategic cooperation agreement in Wuhan. According to the agreement, the Export Import Bank of China will provide WISCO with foreign exchange financing support of no less than 90billion yuan or equivalent in the next five years. As a financing channel to support enterprises to go global, China

On July 7, the Export Import Bank of China and Wuhan Iron and steel (Group) Corporation signed a strategic cooperation agreement in Wuhan. According to the agreement, the Export Import Bank of China will provide WISCO with foreign exchange financing support of no less than 90billion yuan or equivalent in the next five years

as a financing channel to support enterprises to "go global", the Export Import Bank of China can use traditional policy financing products such as ship export seller's credit, high-tech products export seller's credit, general mechanical and electrical products export seller's credit, overseas investment loans to support the promotion of WISCO's overseas development strategy. In the future, the Export Import Bank of China will provide WISCO with credit support in overseas investment, foreign contracted projects, import and export trade, energy conservation and emission reduction, as well as financial services in guarantee, international settlement, foreign exchange settlement and sales, consultation, etc

it is understood that since the "Eleventh Five Year Plan", WISCO has accelerated the pace of "going global" after the outbreak of the world financial crisis in 2008. Up to now, WISCO has carried out 37 overseas projects, including 15 iron ore projects, 12 overseas trade and deep processing projects, 9 coal mining projects and 1 steel production project. So far, WISCO has targeted billions of tons of overseas iron ore equity resources through equity participation, holding, project cooperation and other means, and can obtain considerable equity iron ore products every year

Xiehaiping, deputy general manager of WISCO international resources, said that the implementation of the "going out" strategy is an urgent need for WISCO to accelerate the transformation of the mode of economic development, to break through the "short board" constraints and avoid development risks, and to fully participate in international competition and cooperation and build a world-class enterprise; "Going out" is conducive to improving the governance level of WISCO and transforming China into a powerful steel country

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