On August 15, the CPC Member Congress of Shanghai International Group Co., Ltd. (SIG) took place at Shanghai Hall, World Expo Exhibition and Convention Center. Chen Hao, Deputy Director of the Organization Department of the CPC Shanghai Municipal Committee; and Bai Tinghui, Secretary of the CPC Committee and Director of the Shanghai Municipal State-owned Assets Supervision and Administration Commission (SHSASAC) attended the congress and delivered speeches. Heads of relevant departments and offices of the Organization Department of the CPC Shanghai Municipal Committee and SHSASAC were present. Yu Beihua, Secretary of the CPC SIG Committee and Chairman of the Board of Directors, delivered a congress report on behalf of the CPC SIG Committee. Liu Xinyi, Vice Secretary of the CPC SIG Committee and President of SIG, hosted the congress. Shen Jun, former Secretary of the CPC SIG Committee and Chairman of Board of Directors; and Zhang Guohong, Chairman of the Board of Supervisors were invited. Also present were Party members and retired Party members in the SIG system, non-Party-member leaders of SIG and non-Party-member executives of the CPC SIG Committee, as well as probationary Party members in the SIG system.

Chen extended congratulations on the opening of the congress on behalf of the Organization Department of the CPC Shanghai Municipal Committee. He spoke highly of SIG's achievements in recent years, hoping that the CPC SIG Committee would implement the work requirements of the CPC Central Committee and the CPC Shanghai Municipal Committee, serve as a main force in the building of Shanghai International Finance Center and a pioneer in the new-round state-owned asset and enterprise reform, and strengthen Party organization building, to provide strong political and organizational guarantee for SIG's new-round development. He required that SIG should further enhance political stance, and practically perform its responsibility and mission; should advance with the times, and face up to difficulties and challenges; and should strengthen organizational system building and spur the vitality of grass-roots Party organizations

Bai extended congratulations on the opening of the congress on behalf of SHSASAC. He noted that the CPC SIG Committee has upheld Xi Jinping's thought on socialism with Chinese characteristics for a new era, seriously implemented the decisions and arrangements of the CPC Central Committee, the CPC Shanghai Municipal Committee and the Shanghai Municipal People's Government, comprehensively strengthened Party building, deepened reform and innovation, taken an active part in Shanghai's state-owned assets and enterprise reform, and kept making progress in work. He hoped that SIG would strive to be a pacesetter in serving national and municipal strategies, a pioneer in deepening reform, innovation and development, as well as a model for comprehensively strengthening Party building.

Yu delivered a report entitled Forging Ahead, Portraying a Blueprint, Restarting with the Mission, Opening a New Page for Financial Holding and State-owned Capital Investment Operation. The report reviewed SIG's brilliant and fruitful results in Party building and business management in the last five years. Over the period, SIG has comprehensively implemented the dual engine strategy--state-owned capital operation and investment management, advanced key work including state-owned capital operation, pilot financial holding company building and investment management, and kept stepping up reform and innovation.

The report noted that over the five years, the CPC SIG Committee has grasped the direction, controlled the overall situation and secured work implementation, leading Party organizations at all levels and Party members in overcoming hardships and working hard, which is reflected in seven aspects: firstly, the committee has strengthened Party building guidance and effectively ensured the Party's leadership in all aspects; secondly, the committee has made innovation and achieved initial results in state-owned capital operation; thirdly, the committee has taken on responsibility and served major strategies steadily and effectively; fourthly, the committee has consolidated the development foundation and continuously improved the capacity for investment management; fifthly, the committee has held fast to the safety bottom line and constantly improved the capacity for risk prevention and control; sixthly, the committee has developed its talent advantage and continued to improve its executive talent team; lastly, the committee has pooled the maximum strength for work related to corporate culture and mass group work. SIG's inspiring achievements in reform and development have been attributable to the wise leadership of the CPC Shanghai Municipal Committee and the Shanghai Municipal People's Government, the solid foundation laid by SIG's previous leading bodies and senior leaders, as well as the diligent efforts of SIG's Party organizations at all levels, executives and employees.

The report noted that in the coming five years, the external environment will become increasingly complex and changeable, instabilities and uncertainties will grow significantly, SIG will still face a lot of difficulties and challenges on the way to high-quality development, three new major tasks, the regional comprehensive state-owned assets and enterprise reform, and financial holding group building will create major development opportunities for SIG. Facing the arduous reform and development task, SIG's executives and employees should keep up working spirit, firm up the determination and courage of reform and innovation, further improve the professional competence of financial holding management and state-owned capital investment operation, further enhance SIG's core competitiveness and innovation vitality, and make greater achievements in better serving Shanghai's major strategic tasks.

The report analyzed the new situation and tasks at present, and proposed the work guidelines, goals and key tasks for the coming five years.

The report proposed the work guidelines for the coming five years: upholding Xi Jinping's thought on socialism with Chinese characteristics for a new era, learning the spirit of the 19th CPC National Congress, as well as the 2nd, 3rd and 4th plenary sessions of the 19th CPC Central Committee, implementing the spirit of General Secretary Xi Jinping's important speech during his visit to Shanghai, implementing the decisions and arrangements of the CPC Shanghai Municipal Committee and the Shanghai Municipal People's Government and the spirit of Secretary Li Qiang's speech during his visit to SIG, enhancing four consciousnesses, firming up four confidences, firmly managing two maintenances, enhancing stance and serving overall interests, implementing major municipal strategies, initiatively participating in the regional comprehensive state-owned assets and enterprise reform, comprehensively advancing the dual engine strategy of state-owned capital operation and investment management led by financial holding group building, sticking to marketization, professionalism, internationalization and legalization, intensifying reform and innovation, accelerating transformational development, conducting new exploration in deepening the reform of state-owned assets and enterprises, making new achievements in serving major national strategies, achieving new results in strengthening the Party building of state-owned enterprises, and making new contributions to Shanghai creating new development miracles in the new era.

The report established the goals for the coming five years: upholding the great banner of reform and opening-up in the new era, implementing the new development concept, building SIG into a China’s top financial holding group and state-owned capital investment operation platform with international vision and visibility, comprehensively enhancing core competitiveness, optimizing and enlarging state-owned capital, and writing a new page for SIG's reform and development. Firstly, strengthening the Party's overall leadership to provide strong political and organizational guarantee for SIG's reform and development; secondly, accelerating financial holding group building, to serve as a main force in the building of Shanghai International Financial Center; thirdly, deepening and expanding the function of state-owned assets operation platforms, to serve as a pioneer in Shanghai's new-round state-owned asset and enterprise reform; fourthly, improving the capabilities of active investment and assets management, to serve as a booster to Shanghai's major strategic tasks; lastly, strengthening foreign strategic cooperation, to serve as a practitioner in serving China's financial opening to the outside world.

The report clarified the key tasks for the coming five years: firstly, going all out to advance financial holding group building; secondly, deepening and expanding the function of state-owned assets operation; thirdly, continuously improving the capacity for investment management; fourthly, improving the overall risk management system; fifthly, strengthening executive team building; sixthly, continuously advancing comprehensive and strict Party governance; seventhly, strengthening grass-roots Party organization building; lastly, strengthening spiritual civilization building and mass group work.

During the congress, all Party members, with full political enthusiasm, fully promoted democracy, earnestly performed duties and responsibilities, and deliberated on the report of the CPC SIG Committee, the work report of the Discipline Inspection Commission, the report on Party membership dues collection and payment, use and management, and the congress's resolutions.

Under the supervision of the chief scrutineer and scrutineers, the Party members present elected members of the new CPC Committee and Discipline Inspection Commission of SIG by secret ballot. Following the congress, the 1st plenary meetings of the new CPC Committee and Discipline Inspection Commission of SIG were held. Yu Beihua was elected as Secretary of the CPC SIG Committee and Liu Xinyi as Deputy Secretary; Wu Jun was elected as Secretary of the Discipline Inspection Commission of SIG and Wu Jun as Deputy Secretary.

The congress required that, at a new starting point, we should firmly grasp the functional orientation of SIG and the requirements of the times, take on the heaviest responsibilities and tackle the hardest tasks, go all out to advance financial holding group building, deepen and expand the function of state-owned assets operation, improve the capacity for active investment management, improve the overall risk management system, focus on strengthening executive team building, spiritual civilization building and mass group work, and practically perform tasks.

The congress stressed that we should practically strengthen the Party's overall leadership, and lead high-quality development through high-quality Party building; should enhance ideological and political education, and strengthen grass-roots Party organization building, to keep improving the work level of grass-roots Party building; and should deepen and refine the mechanism of four-responsibility coordination, and enhance the responsibility of Party management and governance, to constantly advance comprehensive and strict Party governance.

The congress called on Party organizations at all levels, all Party members, executives and employees to uphold Xi Jinping's thought on socialism with Chinese characteristics for a new era, enhance four consciousnesses, firm up four confidences, firmly manage two maintenances, stay true to the mission, endeavor to create new work prospects, and make new contributions to Shanghai creating new miracles in the new era.