Development and Reform Commission to be approved private enterprises to overseas prospecting Baotuan

According to Shanghai Securities News news "At present we are waiting for State Development and Reform Commission's attitude on this matter, once the State Development and Reform Commission nodded agreement, that is, we start planning for China's private steel mills Mining Investment Company (tentative), and with the relevant financial institutions Cooperation. "Yesterday, the Metallurgical Chamber of Commerce in China Federation of Industry and Commerce Under-Secretary-General Gengbing Yuxi disclosed to reporters.
April this year, in Tangshan Metallurgical Chamber of Commerce held a meeting to study the private metallurgical enterprises restructuring, the joint reorganization, and enhance foreign investment in iron ore capacity, and is the initiator of domestic private enterprises of the "boss" of sand veterans Shen Wenrong. He proposed to the Metallurgical Chamber of Commerce, more than 10 homes by the larger private enterprises join forces and set up investment in iron ore trading companies in order to cope with rising iron ore prices are embarrassing the status quo.
Gengbing Yuxi said that at present the biggest problem is that private enterprises overseas Bankuang United States should be supported by the State Development and Reform Commission approval, can be perfectly justifiable, in order to set up companies on specific issues, and better access to the State Development Bank and other financial institutions with the support , Rely on overseas investment enterprises, the bank's support is not impossible to realize. It is learnt that the State Development Bank is interested in the matter, and the Metallurgical Chamber of Commerce has had contact.
It is understood that the joint investment company registered capital of 10 million and 500 million yuan two options, and the equity ratio has been generally determined that only when the level agreed. At present, apart from Shagang overseas investment in mining, other private enterprises outside Bankuang few examples.