It is reported that Mr Xu Lejiang Chairman of Baosteel Group Corporation was elected as the chairman of the 6th board on the first member meeting of the 6th China Group Companies Promotion Association held recently. Former chairwoman Mr Xie Qihua was elected as the honorary chairwoman.

The group was founded in August 1993 its predecessor is the National Industrial Company Network. The main missions of CGCPA are to facilitate the members to set up modern corporate governance; improve the communication between members and government; organize exchange and cooperation amongst Chinese and foreign business sector; conduct research on theoretic and business challenges in the process of enterprise reform, etc.

As per report on the meeting, the chief legal advisor of Baosteel Group Corporation Mr Chen Delin was elected as the standing director.