Sinosteel MECC and Minsheng Financial Leasing Co., Ltd had signed a strategic cooperation agreement in the Sinosteel Plaza on May 19th, 2009.

Based on the principle of equality, voluntariness, good faith and mutual benefit, Sinosteel MECC and Minsheng Financial Leasing Co., Ltd have established a strategic cooperation relationship for long-term stability and all-round cooperation and collaborative development and also found a new type bank-enterprise cooperation relationship, which will promote the organic combination of industrial capital and financial capital and concrete a good foundation for Sinosteel MECC to counter the financial crisis, further expand the market for general contracted supply of package equipment at home and abroad, deal with cutthroat competition in the domestic and overseas markets together with Minsheng Financial Leasing Co., Ltd, broaden business scope, keep away business risks, create new superiorities for international competition as well as realize collaborative development.

Minsheng Financial Leasing Co., Ltd is a non-bank financial institution approved by China Banking Regulatory Commission and is mainly undertaking financial leasing services. It was formed by China Minsheng Banking Corp., Ltd and Tianjin FTZ (free trade zone) Investment Co., Ltd. and is one of the largest financial leasing companies in respect of capital amount at present in China. This company is focusing on providing specialized financial leasing products and services for domestic and overseas customers in the fields of aircraft, ship and equipment manufacturing and enabling customers to obtain rights to use a certain fixed asset in form of leasing, so as to improve the financial liquidity of enterprises.