Shao Yaliang Met Ms. Shangguan Yongqing, Chairman and Secretary of CPC Committee of Shanxi Guoxin Investment Group
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On Sept. 24th, Mr. Shao Yaliang, President of SIG, together with Ms. Ding Xiaoyun, Deputy Secretary of CPC Committee of SIG and Mr. Zhu Zhongqun, Assistant President of SIG, met with the delegation led by Ms. Shangguan Yongqing, Chairman and Secretary of CPC Committee of Shanxi Guoxin Investment Group.
Mr. Shao introduced the history, capital operation and business scope of SIG, as well as the SOE reform and the restructuring progress. He said, according to the spirit of the state-owned enterprise reform of the 3rd plenary of the 18th Central Committee of CPC, and the 20 general requirements of Shanghai’s SOE form, SIG will be gradually restructured into a state-owned capital operation platform, and strategically transform its role from the management of asset to the management of capital. It will collectively perform its four major functions, which include the circulation, control, allocation and budgeting of state-owned assets, thus making SIG a professional state-owned capital operating company that complies with the international practice.
Ms. Shangguan spoke highly of the achievements of SIG in building a pioneering financial holding company in the past few years. She claimed that Shanxi Guoxin Investment Group is now pushing forward the construction of a financial holding group, and will provide financial service and support to the social and economic development of Shanxi Province through equity investment and financial innovation. SIG is the industry pioneer in operation management, the visit to SIG will provide useful experience for the promotion of Shanxi Guoxin Group in adjusting the investment structure, optimizing the asset allocation and sharpening the market competitiveness. Guoxin Group looks forward to further exchanges and cooperation with SIG.
The two parties also had a wide range of discussion and communication on private equity investment management, the management and controlling mode, subsidiary company governance and trust wealth management.
The heads of Shanghai International Trust, Strategic Development Dept, Financial Management Dept, Investment Management Dept, Risk control and Compliance Dept, HR Dept, Finance Dept, Administration Dept of SIG also attended the meeting.
