On the afternoon of March 14, Hon Allen Bell, Chief Minister of the Isle of Man Government, leading a government and business delegation from the Isle of Man, visited Shanghai International Group. Mr. Shao Yaliang, President of SIG met the delegation, accompanied by Mr. Zhu Zhongqun, Assistant President of SIG and Mr. Liu Xiaodong, President of Sailing Capital.

Located between the islands of Great Britain and Ireland, the Isle of Man is a self-governing British Crown Dependency, with a GDP per capita ranking the 8th in the world. It boasts a prosperous and diverse economy with financial services as its mainstay. The Isle of Man is deemed a world-renowned offshore financial center thanks to its low tax regime.

Firstly, Mr. Shao Yaliang extended welcome to the Isle of Man Government and the delegation and gave a briefing on the asset management, business sectors, etc. of SIG. He said that in recent years, SIG has made offshore investment in the form of funds. SIG initiated and set up the Sailing International Investment Fund, with a master fund of RMB 50 billion; in the future the fund would be expanded to RMB 150 billion; it functions as a crucial channel for offshore investment in RMB. In the coming years, both sides can have more discussions on collaboration opportunities.

Mr. Allen Bell said the Isle of Man is the fastest-growing economy in Europe. It has tax, cost and geographic advantages, providing financial services to international companies tapping the European markets. The Isle of Man is committed to building long-term partnership and hopes to take the visit as an opportunity to strengthen trust and exchanges with SIG and to provide financial services to the offshore investment made by SIG in the future.

The meeting was also attended by staff from the Chinese Peoples Association for Friendship with Foreign Countries, heads from Financial Management Department., Investment Management Department. and Administration Management Department.