WISCO obtains RMB 90 billion credit line from Export- Import Bank of China
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On December 7, the Export-Import Bank of China signed a strategic cooperation agreement with Chinese steelmaker Wuhan Iron and Steel (Group) Corporation (WISCO), according to which the bank will provide no less than RMB 90 billion in financial support to WISCO in the coming five years.
The Export- Import Bank of China is expected to support WISCO's overseas development. To date, WISCO is involved in more than 37 overseas projects, including 15 iron ore projects, 12 overseas trade and deep processing projects, nine coal mine projects and one steelmaking project.