Jiangsu Province-based Chinese steel producer Nanjing Iron and Steel Co. Ltd (Nanjing Steel) has announced that its new subsidiary Shanghai Jinyi Lease Financing Co., Ltd (Shanghai Jinyi Lease Financing) has successfully completed its registration procedures and received its business license, with its overall registered capital totaling RMB 500 million ($77.16 million). The business license of Shanghai Jinyi Lease Financing will be valid until March 15, 2046.