On April 18th, the grand opening of Shanghai International Group Invested Enterprises Leadership Roundtable was hosted by Shanghai International Group (or “SIG”) and Guotai Junan Securities at Shanghai Dongjiao Hotel. The purpose of the roundtable was to deepen the momentum of cooperation of financial services between SIG invested enterprises, strengthen the joint effect of the financial institutions and potential innovation, and explore ways to form a “complementary and Win-Win” operating pattern among the financial institutions., The attendees included SIG chairman Ji Xiaohui, president Shao Yaliang, vice president Yang Dehong, and representatives from the leadership and coordinators from Shanghai Pudong Development Bank (or “SPDB”), Guotai Junan Securities, Shanghai Rural Commercial Bank, Anxin Insurance, Dazhong Insurance, Huaan Fund, Shanghai International Trust, Shanghai Securities, China International Fund Management, Tullett Prebon SITICO and Shanghai Equity Exchange. Shao Yaliang, president of SIG, hosted the roundtable.

Vice president of SIG, Yang Dehong circulated information about works previously conducted in the financial services section and future arrangement regarding the year 2012. President of Guotai Junan Securities, Chen Geng and Vice President of SPDB, Liu Xinyi had respectively given speeches on “Complementary and Win-Win strategy to push forward financial services cooperation within SIG” and “Cooperate (with others), focus (on customers), upgrade (financial service experiences) and explore (ways to build up an integrated financial service system)”. Later on, present leaders from financial institutions thoroughly discussed and gave advices on ways to strengthen the sense of cooperation, set out the principles, establish cooperation mechanism, stimulate diversity and encourage information sharing.

At the end of the roundtable, chairman of SIG Ji Xiaohui summarized and noted that the need to make vigorous effort toward cooperation among financial institutions was in favor of SIG, recognizing itself in both development status and functions at the present stage, adapting to the competitive and rapid growing financial market and also the financial institutions themselves. He mentioned three points on how to achieve the objectives: firstly, institutions need further reach the consensus of cooperation; secondly, the process of setting up an efficient and linked business mechanism must be accelerated; thirdly, the driving force of business cooperation is essential to nurturing and improving core competitiveness of financial institutions. Mr. Ji also expressed his wish that each financial institution should properly handle the relationship between immediate and long term benefits, single and integrated businesses and cooperation within the system as well as the whole market place. He commented that, the diversity, complexity and breadth of related fields had all made the cooperation a long-standing strategic work. But with the innovative thinking, collective wisdom and perseverance, SIG will overcome the difficulties and contribute to the construction of Shanghai as an international financial center.

After the roundtable, witnessed by present leaders from each financial institution, SIG, SPDB and Guotai Junan Securities held a brief but solemn signing ceremony on “Memorandum of Integrated Financial Services Cooperation”. SIG President Shao Yaliang stated at the signing ceremony that, the memorandum was the first step toward a “client-oriented, share interest linked, with co-branded cards as carriers, and financial services as substance” integrated system. Through effective integration of financial resources of each invested enterprises and full utilization of specific expertise of each financial institutions, the clients’ need in diversified and one-stop financial service will be fulfilled, thus an efficient and linked business mechanism of Win-Win cooperation will be established.

Relevant personnel from SIG Financial Business Management Department and Administration Department attended the roundtable as well.