PSBC, Sinosteel Sign Strategic Collaboration Agreement in Beijing
PSBC, Sinosteel Sign Strategic Collaboration Agreement in Beijing2013-11-25The Postal Savings Bank of China (PSBC) signed a strategic collaboration agreement with the Sinosteel Corporation in Beijing on November 8, 2013.
The two sides will collaborate on crediting, trade and financing, cash management, international business, and personal financial business.
Sinosteel is a central enterprise under the administration of the State-Owned Assets Supervision and Administration Commission. There are 86 subsidiaries under the administration of Sinosteel, among which 63 are in China and 23 abroad. In 2009, the core businesses revenue of Sinosteel reached 164 billion yuan (US$ 27 billion), ranking the 352nd of the World Top 500 according to the 2010 Fortune list.