On June.16th, 2016, a delegation led by Mr. Zhou Bo, Vice Mayor of Shanghai Municipal People’s Government, conducted an on-site survey at SIG. Mr. Zhou Bo listened to the report by Mr. Shen Jun, Secretary of CPC SIG Committee, Chairman of Board of Directors, on the work of party-building and plan on SIG`s work in the next phase, and also the report on SIG`s recent business operation by Mr. Fu Fan, Member of CPC SIG Committee, Director and Vice President of the SIG.

On behalf of the management team of SIG, Mr. Fu Fan briefed Mr. Zhou Bo on its historic evolution and business operation with emphasis on the progress of SIG’s reform, reorganization and the developments of the SOAs-operating platform. He pointed out that, in recent years, after the repositioning of SIG as a SOAs operation platform, thanks to the attention and support by CPC Shanghai Municipal Committee, Shanghai Municipal People’s Government and departments concerned, based on SIG`s function of SOAs flow, control, allocation and budget balance, the company has spared no effort in promoting the integration and reorganization of assets and the orderly flow of new assets and in actively engaging in the building of the financial factor market and steadily promoting mechanism building of SOAs-operating platform. SIG will strive to push forward its transformation through reform, promote development through restructuring and build up a professional and efficient SOAs-operating platform by all means.

Mr. Shen Jun expressed that CPC SIG committee, under the leadership of CPC Shanghai Municipal Committee and CPC Shanghai Financial Work Committee, has taken full advantage of its core political position, actively explore effective measures to enhance party-building within the corporate governance structure and concretely strengthen its overall arrangement and coordination of each of SIG`s business sections in an act to ensure the leadership and development of the party-building work is fully demonstrated and strengthened in SIG`s reform and operation. He said that in the future the group will actively explore and optimize its SOAs-operating model, continue to exploit its advantage on traditional financial investment, expand and improve the industrial fund business and make effort to build itself into an market-based SOAs-operating platform that is replicable and in line with the characteristics of Shanghai`s reform on SOEs and SOAs. At last, he earnestly requested the Municipal Government and the Municipal State-owned Asset Supervision and Administration Commission to give continued attention and support to SIG in various aspects including enhancing its SOAs-operating function, taking advantage of its strength in financial investment, participating in Shanghai`s financial factor market development, developing AMC business and utilizing financing in serving the real economy.

Mr. Zhou Bo spoke highly of SIG`s efforts in aspects of reform of SOAs and SOEs, asset reorganization, financial factor market development and serving the real economy through financial measures, and he also acknowledged the achievements by the group leaders and all the other staff. He pointed out that SIG actively implemented the strategic arrangements and intentions of CPC Shanghai Municipal Committee and the Municipal Government; the group is strongly determined in transformation; the integration and reorganization of its assets is prompt and thorough, thus providing a role model in the reform of SOAs and SOEs; SIG`s plans on the further development, be it on strategic positioning, or function fulfillment, or efforts to push forward major tasks, have all met the specific requirements of CPC Shanghai Municipal Committee and the Municipal Government.

Mr. Zhou Bo noted that after the adjustment of the uniform supervision on SOAs, SIG should stand higher and look farther so as to perform a clearer function; in a larger scope of SOAs affiliated to the Municipal Government SIG should take full advantage of its resources, boost the integration of industry and finance and play a bigger role as a SOAs operation platform; Shanghai State-owned Asset Supervision and Administration Commission(SASAC) and Shanghai Financial Services Office should make joint efforts to enhance classified management and to effectively serve the local financial institutions. He emphasized that SIG should play a bigger role in three aspects: the first is to take up a higher position and contribute suggestions covering issues like integration of industry and finance, financial center development, state-owned assets reorganization and assets management and operation of assets owned by SOEs; the second is to set overall plans, taking the initiative to conduct innovative business that is in line with business development rules, business features and international practice; the third is to face the market according to the corporate governance structure unswervingly take the path of market-oriented development, while taking heed to risk prevention and standardized operation.

Other leaders attended the survey include Mr. Jin Xingming, Deputy Secretary-General of Shanghai Municipal Government and Secretary of CPC Shanghai SASAC, Mr. Zheng Yang, Vice Secretary of CPC Shanghai Financial Work Committee and Director-General of Shanghai Financial Services Office, Mr. Lin Yibing, Deputy Director-General of Shanghai State-owned Asset Supervision and Administration Commission. Attendees from SIG include Mr. Zhang Guohong, Chairman of the Board of Supervisors of SIG, Ms. Ding Xiaoyun, Vice Secretary of CPC SIG Committee, Secretary of Discipline Inspection Commission and Director, Mr. Fu Fan, and Mr. Gu Jianzhong, Director, Vice Presidents of SIG, Ms. Liu Ying, Director, Chief Investment Officer of SIG, Mr. Zhong Maojun, Director, Chief Operation Officer of SIG as well as heads departments and subsidiaries of SIG.