On the afternoon of Nov. 19, Mr. Zhu Congjiu, Deputy Governor of Zhejiang Province, and his delegation, accompanied by Mr. Yin Zhanghua, Deputy Director of Shanghai Cooperation and Exchange Office, visited Shanghai International Group. Mr. Shao Yaliang, President of SIG met the delegation. Also present were Mr. Pan Weidong, Vice President of SIG, Mr. Zhu Zhongqiu, Assistant President of SIG, and Mr. Liu Xiaodong, President of Sailing Capital.

Firstly, Mr. Shao Yaliang extended welcome to Mr. Zhu Congjiu and his delegation and made introduction on historical evolution, asset management, business layout of SIG and other topics. He introduced that as a financial conglomerate, set up by Shanghai Municipal Government, SIG is implementing three functions, namely, a state-owned financial vehicle, financial resource management and financial system services, having been playing a pivotal role in the building of Shanghai international financial center. Recently, SIG has been deepening the interaction and consolidation of financial resources within itself, exploring to establish a long-term effective mechanism of Gaining United Power via Synergies and Achieving Win-win via Collaboration for business synergies. When mentioning asset management, Mr. Shao expressed the 4+1 fund cluster, initiated and launched by SIG, has been performing soundly; sailing capital, one fund in the cluster, successfully raised 9 billion RMB in its first round of fund raising and has reserved sufficient offshore investment opportunities with good growth potential, creating a new model for Chinese companies going global.

Mr. Zhu Congjiu appreciated the introduction made by President Shao Yaliang and discussed further with SIG on strategic management and control system of SIG, performance evaluation for state-owned enterprises, and operation and risk management systems for leasing, guarantee, small-business lending and other quasi-financial services businesses under SIG. Mr. Zhu Congjiu said Zhejiang Province hopes to have further study on Shanghai’s sophisticated experiences on reform and to deepen collaboration with Shanghai Pudong Development Bank, Sailing Capital and other institutions under SIG; on one hand, to enhance cooperation with Sailing Capital on offshore projects and introduce to Zhejiang Province overseas technology know-how; on the other hand, to leverage the resource platform of SIG, gradually build Hangzhou into the wealth management center in Zhejiang, competing with Shanghai differentially and achieving win-win.

In the meeting, both parties suggested to strengthen exchange and interaction in the future and promote mutual development.

The meeting was also attended by relevant staff from the Reception Office of Shanghai Municipal Government, and heads from Strategic Development Department , Financial Management Department , Investment Management Department and Administration Management Department of SIG.