The company was established as a joint-stock company with limited liability through exclusive sponsorship by Shougang Corporation and public offering, approved by the Beijing Municipal People's Government in Document Jing Zheng Han [1998] No. 34. With the approval of the China Securities Regulatory Commission (CSRC) in Document Zheng Jian Fa Xing Zi [1999] No. 91, the company publicly issued 350 million RMB ordinary shares (A shares) to the public from September 21 to 27, 1999, being the first to combine institutional placement with online issuance. On December 31, 2003, Shougang Convertible Bonds were listed on the Shenzhen Stock Exchange, with the bond abbreviation "Shougang Convertible Bond" and bond code 125959. The Shougang Convertible Bonds were delisted on April 13, 2007.
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