The AMC business team of Shanghai State-Owned Assets Management Co., Ltd. (SSAM) and the risk management team of SIG Asset Management Co., Ltd. (SIGAM) were awarded in the 2019 Shanghai Financial Work Competition.

In November 2019, the Labor Union of SIG organized and mobilized grass-roots labor unions for a working competition themed "Serving the Real Economy, Controlling Financial Risks, Deepening Financial Reform". With a view to promoting national strategies such as China (Shanghai) Pilot Free Trade Zone Lin-gang Special Area, STAR Market listing and the integrated development of the Yangtze River Delta, with focus on the building of Shanghai International Financial Center and the reform and development of SIG, grass-roots labor unions advanced the competition practically and effectively by going all out to promote fintech, improving the model of risk audit and management and deepening non-performing assets management. Upon democratic recommendation, reporting and expert review, SSAM's AMC business team and SIGAM's risk management team stood out from 639 grass-roots financial units to be awarded.

Being awarded shows executives and employees in the SIG system have carried forward the spirit of innovation, teamwork and craftsmanship under the leadership of the CPC SIG Committee, focused on the "dual engine" strategy of state-owned capital operation and investment management led by financial holding group building, enhanced stance and served overall interests, made innovation on posts, and made positive contributions to SIG promoting major strategies such as improving Shanghai's city level and core competitiveness and accelerating the building of "five centers".

Employees in the SIG system should follow the example of the advanced, learn good styles, practices and experience, treasure honors, work harder, keep spurring work initiative and creativity, keep up spirit and make unremitting efforts, to build SIG into a Chinese top financial holding group and state-owned capital investment operation platform with international vision and visibility.