March 2022 saw Shanghai undergo a severe test of the epidemic. The AMC team of Shanghai State-Owned Assets Management Co., Ltd. (SSAM) has kept in mind the original mission of "maintaining regional financial stability and dissolving local financial risks", taken multiple measures, stayed calm in the hour of peril, fully leveraged its role as a fresh force in protecting the steady operation of the financial center, and been well prepared for the battle against the epidemic.

The AMC team of SSAM has stuck to the "lifeline" of the non-performing assets business, and given full play to its combativeness and courageousness as a Shanghai Model Collective. During the epidemic outbreak, based on the full project preparation at the early stage, the team has facilitated two non-performing credit acquisition projects of a financial institution in Shanghai: in the grimmest period of the epidemic, led by the team leader, the whole business team has worked from home for 24 hours on a daily basis, endeavoring to overcome difficulties such as community closedown and the obstruction of site due diligence; the business backbone has risen to the challenge and fully devoted themselves to frontline business development. Externally, they have strengthened communication and coordination with local financial institutions, designed credit trading structures, provided optimal financial risk dissolution solutions, and offered efficient and warm financial services. Internally, they have coordinated with relevant departments to advance projects, conducted pre-investment due diligence in a detailed manner, carefully analyzed potential risks, made professional and valuable judgments, facilitated project initiation with devotion and the spirit of craftsmanship, and helped local financial institutions solve problems.

The team has earnestly implemented the spirit of the document on "the eight special actions" released by the Shanghai Municipal State-owned Assets Supervision and Administration Commission, as well as the plan for the special action of liquidizing remnant assets. At the beginning of the epidemic outbreak, while keeping themselves safe, members of the special action team visited 6 state-owned capital enterprises, and a work team was established to collect credit information from enterprises with cooperative intentions separately and conduct due diligence. During working from home, members of the special action team have resorted to communication preferentially, relying on their rich industrial experience and strong business capacity, to provide business conglomerates with market-oriented, specialized and standardized services and offer professional opinions on non-performing assets disposal, and supporting business agglomerates in disposing non-performing assets by means of commission and market transaction, thereby further improving the efficiency of state-owned assets allocation and operation.

SSAM called on Party members to play their vanguard and exemplary role while sticking to the frontline of regional financial risk prevention to contribute to Shanghai's fight against the epidemic. Many AMC staff members have devoted themselves to community volunteer services in the frontline against the epidemic. They have kept the order of nucleic acid tests, helped needy residents and delivered supplies in locked communities, and stayed united against the resurgence of the epidemic, demonstrating the sense of responsibility of SSAM as a state-owned local AMC.