Tangshan Delong Steel

Ultimate authority rests with founder and Chairman Ding Liguo, who remains the controlling shareholder of the Delong Group and its associated investment vehicles. His wife, Zhao Jing, co-owns the Best Decade Holdings vehicle, suggesting family-level coordination on the investment portfolio. The group does not publicly disclose a separate CIO or investment committee structure.

The group operates as a hybrid: the core steelmaking assets in Xingtai and the Indonesian JV with Tsingshan run as industrial operating companies, while venture investments appear to sit under the parent Delong Group balance sheet. Investment vehicles include Best Decade Holdings, owned by Ding Liguo and Zhao Jing, and Ziming SG Global, a Dubai-based joint venture with Steelinvest Belgium. This structure keeps the venture portfolio integrated with — not partitioned from — the industrial cash flows.

PT Dexin Steel Indonesia, developed with Tsingshan Holding Group on the Krakatau Industrial Estate in Cilegon, represents Delong's primary overseas production base. The project combines Tsingshan's nickel and stainless-steel dominance with Delong's operational steelmaking capability. It also serves as a platform for Southeast Asian market access and potential further industrial-investment partnerships in the region.

Yes. The Beijing Cihong Charity Foundation is chaired by Zhao Jing, Ding Liguo's wife, and represents the family's formal philanthropic vehicle. The foundation sits separately from the industrial and investment operations, consistent with how Chinese entrepreneurial families typically structure charitable activity.

Ding Liguo is a prominent member of the China Entrepreneur Club and serves as Chairman of the Yabuli China Entrepreneurs Forum — two of the most influential private-sector networks in China. Yabuli in particular convenes many of the country's top industrialists and technology founders, creating a peer-sourcing environment for co-investments and direct deals. He also maintains membership in the Alxa SEE Ecological Association and the China Iron & Steel Association.