As a witness of and contributor to Shanghai's endeavor to the reform and opening up, Shanghai International Group (SIG) was established amid reform and thrived thanks to opening-up and innovation. Starting as Shanghai Investment & Trust Co., Ltd. in 1981, the Group was established in 2000 and has embarked on a journey from trust investment, financial investment to state-owned capital operation. Despite the hardships and changes along the way, we have been able to forge ahead with diligence and resilience, thereby producing fruitful results. SIG has actively engaged in Shanghai's modernization drive and Pudong's effort to open up by providing comprehensive investment and financing services for key municipal projects. SIG has promoted the development and reform of the financial industry in Shanghai, thus contributing to Shanghai's ambition to develop into an international financial center. Furthermore, the Group has leveraged its role as a platform for operating state-owned capital to support the reform of state-owned assets and enterprises in Shanghai. The footprints we made along the way have fully reflected our mission of playing a guiding role as we stay true to our responsibilities.
The 19th National Congress of the Communist Party of China has pointed out the development path for the Party and the country, and charted a great new journey for us. Standing at a new historical starting point, the Group will adhere to Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era as the overarching guidance, implement the guidelines set by General Secretary Xi Jinping when he visited Shanghai, and follow the requirement of the CPC Shanghai Municipal Committee and the Municipal Government on the Group's reform and development. We will seize the opportunity of Shanghai's initiative to carry out comprehensive pilot reforms in state-owned assets and enterprises. We will implement the “dual-wheel” strategy of developing state-owned capital operation and investment management through a professional, market-oriented and international approach. As a result, we will make better use of the state-owned capital operating platform as a fulcrum, and give full play to the leading, magnifying, and driving role of state-owned capital in the financial market to serve Shanghai's major development strategies.
Now is the time for us to hoist the sails and embark on a new journey. Looking forward, we are full of confidence. Adhering to the business philosophy of “diligence, prudence, professionalism and efficiency”, we strive to develop the Group into financial holding and state-owned capital operation group that serves Shanghai's financial development strategy and the reform of SOAs and SOEs with an international vision and global visibility. Guided by key national and municipal strategies, we will participate actively in financial reform and innovation and the development of financial factor market, in an effort to enhance the influence of Shanghai as an international financial center. We will manage capital and create new ways of capital operation, with the goal to better serve Shanghai's endeavor to reform SOAs and SOEs.
Great accomplishments won't be possible without great vision and diligence. In the spirit of “Synergy, Innovation and Guidance”, we're committed to innovation and dedicated to work, so as to make further progress in high-quality development. We will do our best to support Shanghai's endeavor to develop into an international hub of economy, finance, trade, shipping and technological innovation, to fulfill the three major tasks assigned by the Chinese 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, and to strengthen its functions of “allocating global resources, initiating technological innovation, leading the development of high-end industries, and opening up as a hub”, and to build the “four brands” of Shanghai, i.e. services, manufacturing, consumption and culture. We will contribute more to Shanghai's goal to spearhead the reform and opening-up and innovation-driven development in the new era, and creat miracles through strenuous efforts.
Chairman of SIG