On March28, Mr. Shao Yaliang, President of SIG, met with the delegation from Deutsche Bank led by Vice Chairmen Mr. Caio Koch-Weser.

Mr. Shao expressed a warm welcome to Mr. Caio Koch-Weser. He said that Shanghai is now kicking off a new round of reform of state-owned assets and SOEs. Abiding by the “20 Requirements of Shanghai State-owned Asset and State-owned Enterprises Reform”, SIG is adjusting its asset structure and enhancing the liquidity of capital. Hopefully, with the reform of SIG completed, SIG and Deutsche Bank will have the opportunities of cooperation in such fields as equity investment, capital operation, investment banking, investment advisory etc. Mr. Shao also communicated with the guest on the share holders’ structure of Shanghai’s SOEs, the advantages of Shanghai in the country’s reform of SOAs and SOEs and the timeline of China (Shanghai) Pilot Free Trade Zone.

Mr. CaioKoch-Weser introduced what he learnt at the China Development Forum this time. He said, Shanghai has played a pioneering role in reform, innovation and i policy implementation, and in this environment, SIG has a promising future for development. Deutsche Bank, with its experienced and professional team worldwide, will be committed to becoming the strategic partner of SIG and seek for future cooperation opportunities.

Mr. CaiHongping, executive president of DB Asian IBD, heads of SIG’s Financial Management Dept., Financial and Planning Dept., Dept. for Administration also attended the meeting.