On the morning of December 11, Yu Beihua, Secretary of the CPC SIG Committee and Chairman of the Board of Directors and Liu Xinyi, Vice Secretary of the CPC SIG Committee and President of SIG visited Shanghai Shinovation Fintech International Industry Park (SFIIP). They listened to a report on the preparation of the Shanghai Fintech Industry Union (SFIU). Zhong Maojun, Chief Operation Officer of SIG; as well as relevant staff members of the Department of Strategic Development and the Department of Investment Management I of SIG, Shanghai State-Owned Assets Management Co., Ltd. and SIG Asset Management Co., Ltd. were present.

SIG's leaders conducted a survey on the renewal process, construction progress and operation system of SFIIP, and visited its office floors and talent apartment. Then they listened to the report of the working group on the preparation and latest work progress of SFIU. With focus on the establishment of SFIU, the working group is accelerating the operation preparation of SFIIP, jointly drafting a fintech white paper, launching the United Laboratory of International Fintech Innovation, establishing a professional talent training base, bracing itself for building a fintech development highland in Shanghai, creating synergic and innovative fintech industry ecology, and building an important promotion and international exchange platform, to better serve the building of Shanghai Fintech Center.

Developing the fintech industry is a major national and municipal strategy, said Yu. SFIU should focus on its orientation, stick to goals and make persistent efforts. SIG will fully support SFIU, establish a special work body to advance its preparatory work of SFIU, make clear its operation mechanism, improve its organizational structure, and boost the agglomeration and upgrading of Shanghai's fintech industry. Fintech is a strategic task that SIG has paid close attention to and the establishment of SFIU is of great significance to industrial development, said Liu, adding that SIG should fully display its marketization and professional level during the development of SFIU, endeavor to build a sound fintech ecosystem and further enhance its industrial influence.