OREANDA-NEWS. October 31, 2011. Baosteel Engineering Technology Group and Shanghai Pudong Development Bank's Green future - Green Production and Finance Innovation Forum and strategic cooperation signing ceremony is held in Shanghai Eastern Suburbs Hotel. Baosteel Group Corporation chairman Xu Lejiang, Shanghai Pudong Development Bank Chairman Ji Xiaohui attend it.Baosteel Engineering general manager Jiang Weimin and Shanghai Pudong Development Bank vice president Jiang Mingsheng sign "bank and enterprise strategic cooperation agreement", reported the press-centre of Baosteel.

Leaders and guests who attend the Forum signing ceremony are National Development and Reform Commission energy institute deputy director Dai Yande, Shanghai Economy and Information Technology Commission energy-saving and comprehensive utilization sector director Yuan Qinghai, Shanghai Office of Finance cooperation sector deputy director Huang Hui, Shanghai Office of Contracted Energy Management director Wei Yujian, French Development Agency Project Officer Zou Ping, Tongji University Architecture Engineering department prof. Tong Lewei, Baosteel Planning Committee deputy director Zou Kuan, and Shanghai Pudong Development Bank vice president Liu Xinyi.

With the rapid economic development and society's increasing concern for environmental protection, production and financial industry joining forces to promote China green industry's sustainable development has become the consensus.This time, Baosteel Engineering and Shanghai Pudong Development Bank join hands, co-sponsor green  production and finance innovation forum and sign a strategic cooperation agreement. It is aimed to promote green industry innovation and development through the  production and finance co-operation.At the same time, it is also an important initiative of both sides in  actively practicing social responsibility and promoting the country's industrial structure adjustment.Baosteel Engineering's two new business segments Baosteel energy and  Baosteel construction will cooperate with the Shanghai Pudong Development Bank, reduce industrial energy consumption and pollutant emissions in the construction process through innovative business models such as contracted energy management.

On the signing ceremony, Dai Yande, Zou Ping, Tong Lewei, Zou Kuan, and Shanghai Pudong Development Bank and Investment Bank headquarter deputy general manager Yang Bing make wonderful speeches respectively on 12th five year plan objectives and measures,  French Development Agency's cooperation on climate change in China, why we should develop steel structure housing, green steel production and  products,  green credit, innovation and development  and win-win situation.

Ji Xiaohui says in his speech, "Baosteel and Shanghai Pudong Development Bank's signing of business cooperation deepening strategic agreement has landmark significance.In future, Shanghai Pudong Development Bank will focus on Baosteel Group's wide range of financial needs, through innovative service like the green credit, contracted energy management financing and comprehensive financial service characterised by  efficient and flexible cross-boundary interaction, and provide support for Baosteel's further development of green industries."

In his speech, Xu Lejiang congratulates on the success of the Forum and the signing ceremony. He says that the good cooperation between bank and enterprise is the result of tripartite efforts among government, bank and enterprise. Baosteel Engineering has high expectations of technology industry development and technological progress .Baosteel Construction and Baosteel Energy under Baosteel Engineering play an important role in Baosteel green industry development. He hopes that Baosteel will actively seize the favorable opportunities for the development of green industry, further improve cooperation of production and finance, follow rules of market operation,form interdependent, equal and mutually benefiting community with financial institutions, make full use of the green bank credit capital, attach great importance to technology, human resources and management, benchmark with the domestic and foreign first-class businesses, carry out technological innovation with extensive market potentials and produce more and better green products with strong competitiveness to capture the market high ground.