February 29, 2012, Baosteel Group Corporation successfully issued corporate bonds of CNY 2.9 billion in Hong Kong .

Baosteel Group is a wholly state-owned company and one of the most competitive steel complex in China.  It ranked No. 3 in global steelmakers with steel production of 44.5 million tons in 2010.

Baosteel has been listed in Fortune Global 500 for consecutive 8 years and ranked No. 212 in 2011.

Jingtian & Gongcheng acted as the issuer's PRC lawyer.