China Baowu Steel Group Corporation Limited (hereinafter referred to as “China Baowu”), established by consolidation and restructuring of former Baosteel Group Corporation Limited and Wuhan Iron & Steel (Group) Corporation, was officially unveiled on December 1st, 2016. In September 2019, China Baowu consolidated and restructured with Ma Steel. In August 2020, China Baowu consolidated and restructured with TISCO. In October 2020, Sinosteel Group was entrusted to China Baowu; in December 2020, China Baowu became the actual controller of Chongqing Iron and Steel. China Baowu is a pilot enterprise of state-owned capital investment companies with a registered capital of RMB 52.79 billion, an asset scale of over RMB 1014.1 billion. In 2020, China Baowu continued to maintain its industrial leadership position with realized steel productivity of 115.29 million tons, gross revenue of RMB 673.7 billion, and total profit of RMB 45.54 billion. Its operation scale and profitability were ranked the first in the globe, making itself 72nd among Fortune Global 500 companies. In 2020, China Baowu was included in the central enterprises by SASAC of the State Council to establish a world-class demonstration enterprise.