December 22, 1992 (Renshen the winter months Eve), Shougang run Huaxia Bank.

1992 12 22, opened China's first run industrial enterprises, commercial banks - Huaxia Bank. Premier Li Peng attended the opening ceremony and ribbon-cutting.
Shougang Corporation as a pioneer in the reform pilot units, has grown to become cross-industry, cross-regional, transnational operations of large enterprises, the circulation of internal funds and external financing business increased dramatically, up a bank participating in the financial management has Shougang further reform and development is an urgent need. Comrade Deng Xiaoping visited Shougang May 22, 1992, the State Council, not only gives the Shougang greater investment project rights and foreign trade autonomy, but also given the right to Shougang financing approved Shougang to establish their own bank financial business, operating in accordance with international practice. Huaxia Bank is a state-owned financial enterprises set up by the Shougang Corporation, owned by Shougang Corporation leadership in the administrative, business to accept guidance and inspection of the People's Bank of China, with independent legal personality, the registered capital of 10 million yuan. (History. Com)