In mid-January 2018, according to the requirements of the CPC Shanghai Municipal Committee for conducting citywide surveys, and adhering to demand orientation, problem orientation and effect orientation, executives of Shanghai International Group (SIG) went to the front line and grass-roots level, to conduct surveys, raise requirements, promote development, solve difficulties, and make overall arrangement for 2018. They visited SIG's subsidiaries and Sailing Capital. Shen Jun, Chairman of SIG; Yu Beihua, Secretary of the CPC SIG Committee; Fu Fan, President of SIG; Zhang Guohong, Chairman of the Board of Supervisors; Ding Xiaoyun, Vice Secretary of the CPC SIG Committee; Gu Jianzhong, Vice President of SIG; Liu Ying, Chief Investment Officer of SIG; Zhong Maojun, Chief Operation Officer of SIG; Ma Haiyan, Chairwoman of the Labor Union of SIG and Chen Zhenpeng, Member of the CPC SIG Committee participated in the survey. Heads of departments, the CPC Committee, Labor Union and Youth League of SIG were also involved.

After listening to the reports of the subsidiaries and Sailing Capital on Party building and business operations, the executives delivered speeches. They spoke highly and positively of the subsidiaries' business performance in 2017 and their work arrangements for 2018, offered guiding opinions and suggestions, and responded to some matters needing SIG`s support mentioned by them.

Yu Beihua noted that continuing efforts should be made to implement the spirit of the 19th CPC National Congress, all subsidiaries should make clear their orientation, position themselves highly, bring their advantage into full play, focus on investment fields, make clear their investment emphases, preserve and increase the value of state-owned assets; should align themselves with advanced enterprises in the industry to constantly improve their business performance and management level; should further explore a market-oriented assessment mechanism, and progressively advance mixed ownership reform and the pilot implementation of the professional manager mechanism and other mechanisms, to activate corporate energy and enhance corporate competitiveness; and should make great efforts in corporate culture and brand building, to establish the positive image and brand influence of the enterprise in the market.

Shen Jun noted that the success of the 19th CPC National Congress marks that the development of socialism with Chinese characteristics has entered a new era, and the municipal committee and government have set the goals of "building four advantages", "promoting four brands" and "serving as a pioneer in national reform and opening-up and a forerunner in innovative development". All subsidiaries should practically implement the spirit of the 19th CPC National Congress and the spirit of the municipal committee and government, adapt to new economic normal, summarize experience and forge ahead to accomplish better development. He also required that equal emphasis should be laid on quantity and quality.

In recent years, the central government has attached great importance to risk control, put preventing and defusing major risks on the top of the three tough battles in the process of building a moderately prosperous society in an all-round manner, and given top priority to financial risk control, said Shen Jun. The current financial environment and regulatory policies are stringent overall. As legal, standardized and orderly financial market environment is beneficial to the development of SIG, it must be recognized properly. All subsidiaries should fully employ their brand advantage and brand effects, initiatively seek market opportunities, and legally conduct state-owned assets operation and capital management, to accomplish the value preservation and appreciation of state-owned assets.

The subsidiaries said that they would continue to uphold the spirit of the 19th CPC National Congress, stay true to their mission, look into the future, summarize experience, forge ahead, maintain good mental outlook, plan and fulfill the work for 2018 with firm confidence and in high spirit, to better serve state-owned assets and enterprise reform, and push forward group reform and development.