CHONGQING Steel Works has applied to China's securities watchdog to be included in the next batch of enterprises to list overseas, possibly Hong Kong. A senior company official said its application was submitted to the China Securities Regulatory Commission (CSRC) last year. 'The Chongqing municipal government and the Metallurgical Industry Ministry are supportive of our plan,' he said. 'We are optimistic the commission will allow us.' Chongqing Steel, with an annual capacity of 1.5 million tonnes of products, mainly produces thick steel plates. It is smaller than Maanshan Iron & Steel Co (Magang) and potential listing Wuhan Iron and Steel. Last year, Chongqing Steel had sales of 3.6 billion yuan (about HK$3.3 billion) based on Chinese accounting standards. The official said many investment banks wanted to sponsor the float, but the company would not decide on which bank until it received listing approval. Jiangxi Copper Industry Co also is preparing for an overseas listing, according to China Nonferrous Metals Holdings (Hong Kong) vice-chairman and managing director Fang Dacheng.