Ge Haijiao, chairman of Bank of China, met with Tan Chengxu, chairman of Ansteel Group, at BOC's headquarters in Beijing on April 22. Wu Kunzong, chief accountant of Ansteel Group, was also present at the meeting.

Ge described China's steel industry as one of the most competitive globally, noting that the 15th Five-Year Plan (2026–30) outlines efforts to improve quality in key industries, including steel — a move that guides financial institutions in supporting the modernization of the industry system. BOC has maintained a close relationship with Ansteel, with growing cooperation in credit, bond underwriting, international settlement, and annuity account management, Ge said.

Through its global strengths and integrated services, BOC plans to offer more support, deepen engagement, diversify product offerings, and provide more resources for investment and financing, cross-border RMB use, and personal finance. BOC aims to assist Ansteel in leading the development of a modernized industry system and to jointly contribute to China's aim of becoming a manufacturing leader.

Tan Chengxu outlined Ansteel's key development priorities under the 15th Five-Year Plan and its recent business performance. He thanked BOC for its long-standing financial support. He said Ansteel is pursuing a strategic framework to strengthen its core operations and competitiveness.

Tan said the company has built a strong partnership with BOC, achieving strong credit cooperation, international settlement, and supply chain finance. He expressed hope that the two sides would further deepen coordination in strategy, industry, and projects to better support China's modernization efforts.

Ansteel, widely recognized as a pioneer of China's steel industry, has the strongest resource advantages among Chinese steel enterprises. It is also the world's largest vanadium producer and the country's largest raw titanium center. The group currently operates 28 overseas companies and institutions, selling products to over 70 countries and regions.