News
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China Jinmao River Steel (Hebei) Equity Investment Fund Established
On December 25, the founding meeting of the Zhongjin Hegang (Hebei) Development Equity Investment Fund was held at the Hegang R&D Center. Zhao Chenxin, a member of the Standing Committee of the Hebei Provincial Party Committee and Executive Vice Governor of Hebei Province, Liu Jian, Secretary of the Party Committee and Chairman of the Board of Hegang Group, and Chen Liang, Secretary of the Party Committee and Chairman of the Board of China Jinmao, attended the meeting and jointly witnessed the establishment of the fund. Sheikh Mubarak Abdullah Mubarak Al-Sabah, Vice Chairman of the Board of Directors of BlueFive Capital Group and representative of the reserve sub-fund, delivered a statement. The joint establishment of this fund by Hegang Group and China Jinmao Capital represents a strategic move for both parties to explore new growth areas and cultivate new drivers of development. It is also a pragmatic step toward creating a new model of industry-finance integration and contributing to the coordinated development of the Beijing-Tianjin-Hebei region. The fund has a total size of 32 billion yuan and an operational period of 15 years.
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The warm winter sun shines upon the Steel City. On December 27, more than 2,000 cadres and employees at Wugang Company’s plant site were full of energy and spirit, jointly welcoming the arrival of 2026 with a grand flag-raising ceremony and a long-distance running event. Lu Jianguang, General Manager of Wugang Company, along with company leaders Gao Zhen, Yin Guojun, Hu Jun, Zhang Huajun, Liu Jianlei, and Yang Zengguo, as well as Assistant General Managers Zhu Xinwang and Zhang Chenguang, and Deputy Chief Engineer Wei Ming, joined the vast workforce in a vigorous run toward the rising sun, their steps firm and resolute, their spirits high and uplifting—thus ushering in a new chapter for Wugang Company as it strives to become the most competitive leader in the wide and thick plate industry.
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On December 26, Lu Jianguang, Deputy Secretary of the Party Committee and General Manager of Wugang Company of HBIS Group, chaired a special study and seminar for the Party Committee’s theoretical study center group. He emphasized the need to thoroughly study and implement the important speeches of General Secretary Xi Jinping, deeply grasp the profound significance of the statement that “the steel industry is a vital foundational industry for our country,” and resolutely carry out the decisions and deployments of the Party Central Committee and the provincial party committee regarding next year’s economic work. He also stressed the importance of scientifically formulating Wugang’s “15th Five-Year Plan,” intensifying efforts in scientific and technological innovation to promote high-end development; accelerating digital and intelligent transformation and upgrading to drive smart development; upholding and strengthening the Party’s overall leadership; earnestly implementing the spirit of the Group’s and Wugang Company’s 2026 Work Symposium; proactively planning and executing next year’s work measures to ensure a strong start and lay a solid foundation for a good beginning and steady progress during the “15th Five-Year Plan” period.
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On the afternoon of December 25, Lu Jianguang, General Manager of Wugang Company of HBIS Group, led a delegation to visit a leading enterprise in the energy, chemical, and equipment manufacturing sector. During the visit, the two sides held a symposium and exchanged views on topics including deepening their partnership, providing steel support for projects, and expanding cooperation in stainless steel. Long Jie, Deputy General Manager of Wugang Company, accompanied the delegation. Relevant officials from the Department of Science and Technology, the Sales Department, and the Marketing Management Department also participated in the visit.
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On December 24, Lu Jianguang, General Manager of Wugang Company of HBIS Group, led a delegation to visit a leading enterprise in China’s high-end equipment manufacturing sector. During the visit, the two sides held a symposium and exchanged views on deepening their strategic partnership and expanding application scenarios for high-end equipment products. Long Jie, Deputy General Manager of Wugang Company, accompanied the delegation. Relevant officials from the company’s Science and Technology Department, Sales Department, and Marketing Management Department also participated in the visit.
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On December 24, Lu Jianguang, General Manager of Wugang Company of Hebei Iron and Steel Group, led a team to visit a key customer in the construction machinery manufacturing sector. During the visit, the two sides engaged in an in-depth discussion and exchange on topics including deepening their strategic partnership, expanding the application of high-end products, and empowering the upgrading of the construction machinery industry. Long Jie, Deputy General Manager of Wugang Company, accompanied the visit. Relevant officials from the company’s Science and Technology Department, Sales Department, and Marketing Management Department also participated in the visit.
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