On the morning of Oct. 17, Mr. Paul Bateman, Global Chairman of JP Morgan Asset Management and Foreign Director of China International Fund Management Co. (CIFM), Mr. Jed Laskowitz, Executive President of JP Morgan Asian Fund visited Shanghai International Group (SIG). Mr. Shen Jun, Chairman of SIG, met Mr. Paul Bateman and his delegation. The meeting was also attended by Mr. Yang Dehong, Vice President of SIG, Mr. Chen Kaiyuan, Chairman of CIFM and Mr. Zhang Shuolin, GM of CIFM.

Firstly, Mr. Shen Jun extended welcome to Mr. Paul Bateman and Mr.Jed Laskowitz.. Mr. Shen Jun claimed in terms of business operation the performance of CIFM was quite satisfactory and he would expect that the company could strengthen collaboration with other financial giants, constantly enhancing performance and competiveness; secondly, CIFM, jointly set up by JP Morgan and SIG, represented the good performance of cooperation between two parties and showcased the strategic vision shared by both sides as well; with this we had the platform and foundation to further deepen collaboration; thirdly, the essential elements of China(Shanghai) Pilot Free Trade Zone were system innovation in financial sector and the liberalization of interest rates; under this circumstance, he suggested JP Morgan keep an close eye on the opportunities emerging from China(Shanghai) Pilot Free Trade Zone, with the hope that the collaboration with JP Morgan in other areas would be continuously reinforced.

Mr. Paul Bateman fully agreed with Mr. Shen Jun. He pointed out JP Morgan had been attaching high importance to the collaboration with SIG and both sides could initiate the researches on areas and directions for future cooperation. In addition, JP Morgan was interested in the launch of China(Shanghai) Pilot Free Trade Zone holding the opinion that the earlier the involvement, the easier the seize of opportunities. With respect to the drive of future development of CIFM, Mr. Paul Bateman expressed JP Morgan would mobilize global resources to support CIFM.

Also present were the leaders of Financial Management Department and Administration Department.