Zhang Zhidong. Hanyang Iron Works was founded in the late Westernization Movement and was presided over by Zhang Zhidong, Governor of Huguang. Its establishment stems from the failure of the activity with the slogan of "self-improvement" in the early stage of the Westernization Movement, and the Westernization School decided to achieve the goal of "seeking wealth" by establishing private enterprises. After the establishment of Hanyang Iron Works, it played a positive role in the development of modern national capitalism in China, provided a track for the construction of some railways and won some profits for the imperial court. Although it did not fundamentally solve the poverty situation of the Qing government, it played a certain role in the social and economic modernization of China. Is an iconic enterprise.