Formerly | Shougang Corporation | ||||||
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Company type | State-owned enterprise | ||||||
Industry | Steel manufacturing, investment | ||||||
Founded | 1919 | ||||||
Founder | Longyan Iron Mine Limited | ||||||
Headquarters | Beijing , China | ||||||
Area served | China | ||||||
Key people | Zhu Jimin (Chairman and Party Committee Secretary) | ||||||
Owner | Government of Beijing (79.40%) | ||||||
Parent | State-owned Assets Supervision and Administration Commission of the Government of Beijing | ||||||
Subsidiaries | Beijing Shougang Co., Ltd., Shougang Tonghua (Jilin) | ||||||
Chinese name | |||||||
Simplified Chinese | 首钢集团有限公司 | ||||||
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former name | |||||||
Simplified Chinese | 首钢总公司 | ||||||
Traditional Chinese | 首鋼總公司 | ||||||
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Website | www |
Shougang Group Co., Ltd., formerly Shougang Corporation is a Chinese state-owned steel company. Based in Beijing, its Shijingshan district operations were moved out of the city prior to it hosting the 2008 Summer Olympics due to concerns over pollution.[1][2]
Its subsidiary and listed company, Beijing Shougang Co., Ltd. (SZSE: 000959), was established in 1999 and listed on the Shenzhen Stock Exchange in 2005. It also has 3 other subsidiaries listed on the Stock Exchange of China Hong Kong, Shougang Concord International (SEHK: 697), Shougang Concord Century (SEHK: 103), and Shougang Concord Grand (SEHK: 730).[3]
The word "Shougang" (Chinese: 首钢) is an abbreviation of its Chinese name (Chinese: 首都钢铁公司; pinyin: Shǒudū gāngtiě gōngsī; lit. 'Capital Steel and Iron Corporation'), meaning "Capital Steel".[4]: 49 Some publications also use Capital Iron and Steel Corporation as the translation of the name.[5]