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On the morning of July 19th, Mr. Fu Fan, vice president of SIG, received delegation led by Mr. Luo Dongshan, Deputy Director of State-owned Assets Supervision and Administration Commission of the State Council of Shan`anxi Province.

Mr. Fu Fan expressed warm welcome to the delegation, then respectively introduced from several aspects including SIG`s history, positioning, and business scope, and introduced in detail how Shanghai`s financial state-owned assets is uniformly regulated and managed and how Shanghai Municipal Platform Investment Decision-Making Commission fulfill its role and function. He emphasized that SIG would continuously push forward the “Twin-wheel” Strategy, actively participate in the development of Shanghai’s Financial Factor market, bear in mind the strategic reform on Shanghai`s State-owned assets and State-owned enterprises, effectively function as a state-owned capital operation platform, making contribution to Shanghai`s socio-economic development.

Afterwards, Luo Dongshan briefed on the objectives of the survey. He pointed out that as the reform on SOAs and SOEs in stepping into a difficult stage, organs and enterprises of all levels are taking the initiative to explore. He said that Shanghai International Group bear the philosophy of “fewer but better” in aspect of state-owned capital operation, taking quick actions, achieving a series of fruits, especially in state-owned assets securitization, operation and controlling model, investment decision-making procedures, etc., all the practices of which are of great use of reference. It is expected that two parties can further their exchange and seek for opportunity of opportunity.

The survey is also attended by heads of the Shan`anxi Energy Group, Shan`anxi Financial Holding Group and Shanghai State-owned capital operation Research Institute. Heads of SIG`s Strategic Research Department and Capital Operation Department also attended the meeting.