On July 22, the STAR Market was launched on the Shanghai Stock Exchange (SSE). 6 of the first 25 listed companies in which Shanghai International Group (SIG) holds a stake made their debuts on the market. They are China Railway Signal & Communication Corporation Limited (CRSC), Ningbo Ronbay Lithium Battery Materials Co., Ltd. (Ronbay Technology), Montage Technology Co., Ltd. (Montage Technology), Shanghai MicroPort Endovascular MedTech Co., Ltd. (Endovastec), Yantai Raytron Technology Co., Ltd. (Raytron) and Advanced Micro-Fabrication Equipment Inc. China (AMEC).
Setting up the STAR market and piloting the registration system on SSE is a major strategic decision made by the Party Central Committee led by Xi Jinping to implement the strategy of innovation-driven development and deepen the reform of the capital market, as well as an important juncture to advance the building of Shanghai into an international financial and technology innovation center. The successful launch of the six invested enterprises on the STAR market is a major move of SIG to maintain a high position, serve overall interests, serve the three new major tasks of Shanghai and support the building of Shanghai into an international financial and technology innovation center, as well as the important embodiment of SIG sticking to its primary business: state capital operation and financial investment, and accomplishing sound development through market-oriented and professional operation.
In the future, with focus on Secretary Li Qiang's requirements of "conducting new exploration in deepening the reform of state-owned assets and enterprises, making new achievements in serving major national strategies and achieving new effects in strengthening the Party building of state-owned enterprises", SIG will carry out education themed "Staying true to the mission" in depth, serve the building of Shanghai into an international financial and technology innovation center and the three new major tasks, initiatively deepen the reform, make innovation, better serve major strategies and show its responsibility for the mission by actual deeds.
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