On the afternoon of 3 Dec, a group led by Mr. Pan Yuehan, President of Bank of China (hereinafter referred as “BOC”)Shanghai Branch visited Shanghai International Group (hereinafter referred as “SIG”). President of SIG, Mr. Shao Yaliang together with Vice President Mr. Pan Weidong received the group.

Mr. Shao Yaliang started with a brief on SIG’s asset management operation and the business layout. He specially elaborated on the business sectors which had drawn great attention from the group, for example, the service provided to medium and small enterprises, the affiliated industrial funds, overseas business, etc. Mr. Shao believed that the portfolio of “invest, lend and guarantee”, jointly operated by Shanghai International Group Venture Capital Co., Pudong Development Bank and Shanghai Re-guarantee Co., delivered a creative and comprehensive financial service covering stock investment, bank loan and financing guarantee to the small and medium enterprises.He also mentioned Sailing Capital, an international investment fund initiated by SIG. Sailing Capital is a platform for the domestic enterprises which are seeking for overseas investment opportunities. It provides professional integrated financial services with regard to investment and financing activities to the domestic enterprises which are attempting the overseas investments, merger and acquisition, etc. Sailing Capital has scored a few good investments recently.

“Bank of China is one of the Big Five stated owned commercial banks.”Said Mr. Pan Yuehan,“ Itcontrols the financial institutions including BOC (Hong Kong) Limited, BOC International, BOC Insurance, etc. It stands out for its globalization, professionalism and creativity. ”BOC is expecting more cooperation with SIG and will make the most out of the opportunities during the acceleratingprocess of building up Shanghai International Financial Center and Shanghai Free Trade Zone.There are mainly two areas to be cultivated so as to achieve synergies between BOC and SIG. One is to strengthen the ties with SIG affiliated corporations to serve the medium and small enterprises, especially the ones within Shanghai Free Trade Zone. The other is to explore the opportunities to cooperate with the private equity funds and overseas investment funds under SIG as BOC is boasted for its globalized operations.

The two parties arrived upon a census that ties will be strengthened by setting up workshops on specific subjects and facilitating the cooperationg.

SIG’s Financial Administrative Department, Investment Administrative Department, Strategic Development Department, Financial Administrative Department and Administrative Department attended the meeting.