Successful Selection of SIG’s Three Events
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On Jan 4, 2013, the announcement was made as regards the selection of Top Ten events on Construction of Shanghai International Financial Center in 2012, an enhancing endeavor co-sponsored and organized by Xinhua News Agency Shanghai Branch, Xinhua Financial Information Platform Shanghai Headquarters and CBN. The successful selection of the three events of SIG, namely the successful launch of Sailing Capital International, the establishment of Shanghai Equity Exchange and the opening of SPD Silicon Valley Bank from SIG and its affiliates, indicates the fact that SIG occupies a prestigious position and makes remarkable contributions to the building of Shanghai international financial center.
1、RMB international investment and lending fund ----- An offshore platform
SIG is the key initiator of Sailing Capital Management Co., Ltd. and Sailing Capital International. Sailing Capital International was launched in Feb 2012 and ranks as the largest RMB international investment and lending fund in China. As its fund manager, Sailing Capital Management Co., Ltd. is subject to partial control of SIG. The parent fund of Sailing Capital International amounts to 50 billion RMB. In the future, the total amount of its fund investment can exceed 150 billion RMB through various means to achieve leverage results, such as the parent fund coupled with subsidiary funds, equity investment coupled with debt financing, and the issue of subordinated debts. The business model of Sailing Capital International can be seen as a significant innovation in domestic financial service area, featuring three linkages, onshore linked to offshore, equity investment linked to debt financing and fund management linked to the overseas development of domestic corporations.
In the selecting of Top Ten Events, Sailing Capital International was unanimously acknowledged as an offshore platform, or rather as a commercial and market-oriented platform for domestic corporations which are interested in overseas M&A, for this very platform can provide them with professional integrated investment and financing services. Meanwhile, the platform can contribute a great deal to the smooth flow of RMB across border by way of assisting domestic corporations in their overseas investment. The special efforts to establish and manage this fund are intended to satisfy the needs of domestic corporations in their going-global strategy, which is conducive to attracting domestic and overseas capital to participate in Shanghai financial markets, thus playing a crucial role in boosting the building of Shanghai RMB asset management center and RMB across-border investment and financing center, and in reinforcing the cluster and radiation effects as well as the international influence of Shanghai financial center.
2、Shanghai Equity Exchange ---- Servicing the real economy
SIG is the key initiator and the biggest shareholder of Shanghai Equity Exchange as well. Shanghai’s equity exchange market was officially launched in Feb, 2012, with an initial batch of 19 companies being successfully traded on the exchange.
In the selecting of Top Ten Events, Shanghai Equity Exchange was positively described as an entity which observes the principle of orderly development but never fails to meet the objective needs derived from the development of the real economy so as to provide efficient services to the cultivation and enhancement of small and medium-sized companies.
3、SPD Silicon Valley Bank ------ Focusing on innovation
SPDB is the key initiator of SPD Silicon Valley Bank and SIG is the biggest shareholder of SPDB. With registered capital of 1 billion RMB, SPD Silicon Valley Bank started its business in Aug 2012 as the joint venture of SPDB and Silicon Valley Bank, either of which accounts for a 50% stake.
In the selecting of Top Ten Events, this cooperation between SPDB and Silicon Valley Bank was counted as an innovation in every sense of the word. The JV has attained the objective of the marriage between Shanghai’s superior financial resources and new financial service models from overseas. In the final analysis, this innovation shows the professional service and support the financial industry offers to the real economy, which specially and chiefly refers to those hi-tech firms.
