Shanghai International Group (SIG) held a work meeting on budgeting and final accounting on the morning of December 30. Present were Guan Wei, Vice President and Chief Finance Officer of SIG; relevant staff of the Department of Financial Management and the Audit Department of SIG, leaders in charge of finance and relevant staff of departments of financial management at SIG's subsidiaries, as well as heads of audit from WUYIGE Certified Public Accountants LLP (Daxin).

At the meeting, Daxin exchanged ideas with SIG on the audit in the first half of 2020 and the audit emphases this year. SIG's subsidiaries reported their financial work in 2020, and exchanged views on key work including the switch to the new rules and fund management. The Department of Financial Management of SIG conveyed the spirit of the work conference of the Shanghai Municipal State-owned Assets Supervision and Administration Commission (SHSASAC) on annual budgeting and final accounting, and made arrangements on how SIG fulfills the work related to annual budgeting and final accounting, as well as SIG's key financial work next year.

The meeting is pragmatic and efficient, and the attendees made fruitful communication, said Guan, hoping that all the entities in SIG would strictly implement SIG's requirements for budgeting and final accounting. SIG will further improve its capacity for financial management from three "orientations": Firstly, go all out to make correction with "problems" as orientation. All the entities should correct all problems found in audits and inspections in 2021. Secondly, go all out to improve the level of financial management with "processes" as orientation. All the entities should enhance their stances, fully realize the importance of financial management, strengthen the communication between SIG's headquarters and subsidiaries, the business departments and the financial department, enterprises and intermediaries, and further improve financial management. Lastly, show the positive benefit of financial management with "results" as orientation. All the entities should attach great importance to "stabilizing growth" in budgeting and financial accounting, attach great importance to "preventing risks" in investment, internal control and fund management, and constantly improve the capacity for financial control, to positively empower business and create positive benefits.

Aiming at the financial work in 2021, she stressed all the entities should strengthen communication and cooperation, and fulfill key work including fund system building, switch to the new rules and management accounting, to comprehensively improve the level of financial control. Besides, they should strengthen financial team building, and cultivate leaders, to comprehensively improve the professional competence and business level of SIG's financial departments.