There are several reasons why Chongqing Iron and Steel can't restructure: poor internal management, listing for many years, shareholders didn't get dividends, and they were in debt. However, Chongqing's iron and steel restructuring has not repented, and it is still taking the old road and has no innovation, so it is also straight down. Chongqing Iron and Steel (Group) Co., Ltd. (hereinafter referred to as "Chongqing Iron and Steel Group") is a large-scale iron and steel joint venture with a history of one hundred years. Its predecessor was Hanyang Iron Works founded by the late Qing government of China in 1890. Chongqing Iron and Steel Group implements the management system of parent-subsidiary company, with 23 subsidiaries, including 4 wholly-owned 14 and 9 holding companies. The core subsidiary Iron and Steel Co., Ltd. is listed on the Hong Kong Stock Exchange and the Shanghai Stock Exchange respectively. 20 1 1 At the end of the year, Chongqing Iron and Steel Group had 2 1 more than 10,000 employees and total assets of 63.2 billion yuan, making it the largest state-owned industrial enterprise in Chongqing.