SIG Profile

Incorporated on April 20, 2000 with a registered capital of RMB 10.56 billion, Shanghai International Group (SIG) functions as an important financial state-owned platform and a professional market-based platform for operating state-owned capital. As of June 30, 2019, SIG’s consolidated assets totaled RMB 246.399 billion, and the net value reached RMB 176.763 billion. The asset securitization rate stood at 75%. The Group’s profit in the first half of 2019 registered RMB 3.849 billion. The state-owned equity held by SIG in financial institutions belonging to Shanghai Municipal Government accounted for more than 60% of the city’s total.

SIG has been resolute in its implementation of the major decisions made by the CPC Shanghai Municipal Committee and Shanghai Municipal Government through actively serving the major strategies of the country and the city . It lays focus on the four major businesses of state-owned capital operation, equity investment management, financial factor markets, and industrial fund investment as part of an effort to optimize the flow, control and allocation of state-owned capital. The Group has strictly followed the best practices of managing capital in order to improve its competitiveness in the investment management of state-owned assets. As a result, the platform it now operates has been able to manage over ten billion yuan worth of state-owned capital. The Group has been improving its business model of majority shareholding and management of financial institutions. Leveraging state-owned capital operation and investment management as the two key drivers of growth, it continues to strengthen the guiding and dominant role, as well as the competitiveness of state-owned capital, in its endeavor to develop as a professional, market-oriented, and international player of capital market operation. In addition, the Group has served as a unique pioneer, cornerstone and pace-setter in Shanghai’s effort of reform and opening up, to develop as an international hub of economy, finance, trade, shipping and technological innovation, and to fulfill the three major tasks assigned by the Central Government, i.e. expanding the China (Shanghai) Free Trade Zone, launching the SSE Star Market and piloting the registration-based IPO system, and supporting the integrated development of the Yangtze River Delta region.

As one of the five pilot financial holding companies approved by the State Council to be put under the simulated supervisory system, under the guidance of the People’s Bank of China and the support of the CPC Shanghai Municipal Committee and the Shanghai Municipal Government. SIG is vigorously promoting reform and innovation in the pilot program by actively exploring management paradigm and business architectures featuring standardized operations and efficient management that will have demonstrative effect. At present, the Group is the largest shareholder of Shanghai Pudong Development Bank Co., Ltd., Guotai Junan Securities Co., Ltd., and Shanghai Rural Commercial Bank Co., Ltd.; the major shareholder of China Pacific Insurance (Group) Co., Ltd.; the only municipal-level investor for Shanghai Insurance Exchange Co., Ltd., Shanghai Commercial Paper Exchange Co., Ltd., and CIPS Co., Ltd.; and the largest shareholder of Shanghai Equity Exchange Co., Ltd. SIG now boasts five industrial fund manager brands, namely Sailing Capital, Shanghai Sci-Tech Capital, GP Capital, Guohe Capital, and Growth FoF, which constitute the largest industrial fund clusters in Shanghai’s SOEs.

Moving forward, SIG will adhere to Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era as the overarching guidance, and follow the instructions of the city’s leadership when visiting the Group “to explore new ways of deepening the reform of state-owned assets and enterprises, to make new headway in serving major national strategies, and to make new achievements in strengthening Party building in SOEs. To that end, SIG will seize the opportunity of Shanghai’s initiative to carry out comprehensive pilot reforms in state-owned assets and enterprises, and stick to the New Development Principle to serve the overall plan from a high position. It will also integrate Party building with business development, and better leverage state-owned capital operation and investment management as the two key drivers of growth. In all, SIG will give full play to the cornerstone, leading and magnifying role of state-owned capital in major areas and key industries for creating a new landscape of high-quality development and developing the Group into financial holding and state-owned capital operation group that serves Shanghai’s financial development strategy and the reform of state-owned assets and enterprises, and features an international vision and global visibility.

 

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