[Ferro-Alloys.com]

  China Baowu and Anshan Iron and Steel Co., Ltd. jointly build the industrial financial blockchain alliance ecosystem to take a new step in high-quality development. In order to actively respond to the guidance of the State Council on actively promoting the innovation and application of supply chain and promote the high-quality development of supply chain financial business, the promotion conference of Angang Group's smart supply chain financial service platform was successfully held recently.

  As another substantive cooperation of the industrial financial blockchain alliance, the participants reached a consensus. This conference is the embodiment of the new development concept of "strengthening the stability of the industrial chain supply chain and unblocking the international and domestic dual-circulation" advocated by the Party Central Committee, and is conducive to further improving the overall capital operation efficiency of the supply chain. Relevant departments and units of Angang Group will work together to promote the platform, strive to complete the online operation of all subordinate enterprises by the end of June 2021; further carry out the construction of industrial financial alliance chain, unite with industry benchmark enterprises, and strive to upgrade Angang's single enterprise platform to a multi one. It will also build a service ecosystem of industrial financial blockchain alliance with "close collaboration of steel industry and efficient integration of upstream and downstream industrial chain resources".

  In the future, China Baowu will join hands with Anshan Iron and Steel Group and other core members of the alliance, take the alliance chain as the starting point, the modern industrial system as the center, and the financial technology as the basis, strive to upgrade the financial technology platform of member units from the single one to a multi one, and build a "steel industry close collaboration, upstream and downstream industry chain resource efficient integration platform". The alliance will also improve the expansibility of resources, reduce the comprehensive risks, and ensure the cooperation prospect to develop to the cross industry comprehensive industrial financial service platform.

• [Editor:Catherine Ren]