During visiting SIG today, Gong Zheng, Deputy Secretary of the CPC Shanghai Municipal Committee and Mayor of the Shanghai Municipal People's Government, noted that SIG should thoroughly implement the spirit of General Secretary Xi Jinping's important speeches during his visit to Shanghai and the requirements of his important instructions for Shanghai, perform its primary responsibility and develop its primary business according to the plans of the CPC Shanghai Municipal Committee and the Shanghai Municipal People's Government, pursue market-oriented, specialized, internationalized and law-based development, implement the "dual engine" strategy of state capital operation and investment management, strive to be a leader in the development of local state capital platform companies, a booster for the reforms and innovations of state capital and state-owned enterprises in Shanghai, as well as a source of power for the cultivation and development of strategic emerging industries, and provide a wonderful practice for Shanghai to vividly interpret the connotation and features of a Chinese path to modernization and better show its bright prospect.

    In the morning, Gong visited SIG History Development showroom, to find out SIG's history, business development, functional improvement and innovative development. At the ensuing meeting, Gong exchanged ideas with SIG's senior executives on the future development and strategic planning of SIG, raising specific requirements.

    Gong noted that SIG had played a positive role in serving major national strategies and promoting economic and social development. The CPC Shanghai Municipal Committee and the Shanghai Municipal People's Government will spare no efforts to support SIG in building a world top enterprise. SIG should lose no time in working out and implementing the measures for future development, conduct prospective studies, optimize plans and accumulate experience. SIG should strengthen investment operation, give play to its platform role, pool social capital, and improve the capabilities of industrial investment, capital management and capital operation capabilities, to better serve national and municipal strategies for industrial development. SIG should strengthen reforms and innovations, constantly improve the incentive mechanism, increase reserves of talents, develop innovative products and services, and keep enhancing its core competitiveness, to set an example for the reforms and innovations of state-owned enterprises in Shanghai. SIG should strengthen risk control, further improve the internal management system, and duly prevent and solve major investment risks, to maintain the security of state-owned assets.

    During the visit, Gong also inaugurated Yangtze River Delta Fund II initiated by SIG. With a target size of 10 billion yuan, and a contract amount of 7.1 billion yuan for first-round closure, the fund will invest in three leading industries - integrated circuits, biomedicine and AI in the Yangtze River Delta (YRD), to promote the formation of globally competitive industries in YRD.