On December 19, the results of the selection of Chinese Corporate Citizens 2020 were unveiled. Shanghai State-Owned Assets Management Co., Ltd. (SSAM) was selected as Outstanding Poverty Alleviation Enterprise of the Year for its charity practice in culture-based poverty alleviation.

Initiated and hosted by Southern Daily Group in 2003, the selection of China Corporate Citizens is the most professional, authoritative and influential CSR selection in China. It recognizes enterprises with outstanding performance in the CSR field. This year over 20 enterprises, including China Life, China Construction Bank and State Development & Investment Group, stood out for awards.

Since 2018, under the unified arrangement and specific guidance of the Shanghai Municipal State-owned Assets Supervision and Administration Commission (SHSASAC), SSAM has carried out the action of double-hundred village-enterprise targeted poverty alleviation, implemented the innovative model of poverty alleviation + intangible cultural heritage for culture-based poverty alleviation, and helped supported villages get rid of poverty in May 2020. This year SSAM proposed the concept of stimulating the endogenous cycle power by cultural confidence, took getting rid of poverty, preventing re-poverty and inheriting intangible cultural heritage as key concerns, and effectively integrated all-round poverty alleviation with the strategy of rural rejuvenation, to promote the high-quality development of the supported villages.

In the future, under the strong leadership of the CPC SIG Committee, under SIG's dual engine strategy of state-owned capital operation and investment management led by financial holding group building, SSAM will comprehensively enhance its soft development strength, show its responsibility as a state-owned enterprise, practically perform the charity mission, and go all out to implement the Fourteenth Five-Year Plan and the Vision for 2035.