On January 9, 2018, SIG convened the 2018 Workshop to discuss how to implement principles set at the 19^th CPC National Congress, the Central Economic Work Conference, the Third Plenary Session of the 11^th CPC Shanghai Municipal Committee; how to fulfill the requirements for reforming state-owned assets and SOEs in Shanghai; how to “establish Shanghai advantages in strategy, functions, first-mover, brands and talents when implementing the strategic missions assigned by the Central Government of China, which was proposed at the Plenary Session of CPC Shanghai Municipal Committee; how to concentrate efforts to build the four brands, namely, Shanghai Service, Shanghai Manufacturing, Shanghai Shopping and Shanghai Culture while establishing the four strategic advantages of Shanghai as required by CPC Shanghai Municipal Committee and Shanghai Municipal Government; and how to focus on the next-step reform and development of SIG.

On the morning, SIG Deputy Party Secretary & President Fu Fan reported on operations and major performance of the Group in 2017 before initiating the discussions. Afterwards, principals of SIG subsidiaries, departments, Party Committee, Labor Union and Youth League, and representatives of dedicated directors and supervisors spoke at the Workshop.

On the afternoon, Chairman Zhang Guohong of SIG Board of Supervisors and other members of SIG leadership spoke at the Workshop. After that, SIG Party Secretary Yu Beihua made a speech, pointing out that the Group should decide the major tasks for 2018 in five aspects. First, based on Shanghai efforts to build the international financial center, SIG should achieve something in optimizing the structure of financial assets, improving efficiency in financial investments and developing innovative forms of financial business. Second, based on Shanghai efforts to build FTZ, the Group should work hard to effectively match the financial capital with the Belt & Road Initiative while establishing the platform to set up its overseas assets. Third, based on Shanghai efforts to build the Center of Research and Innovation, SIG should ensure the mother fund of research and innovation, which is the state-owned assets, plays the leading role to make contributions to nurturing a number of emerging strategic industries and major development projects. Fourth, based on Shanghai efforts to boost integrated growth in the Yangtze River Delta, SIG should enhance regional development plan, expand the territory influenced by its investment and extend space of development. Fifth, based on orientation of reforms of state-owned assets and SOEs, the Group should make researches, clarify its positioning, strengthen capacity building and work hard to identify new paths and new methods of reforming state-owned assets and SOEs.

Last but not least, SIG Chairman Shen Jun pointed out the Group now faces backgrounds in five aspects. First, the 19^th CPC National Congress announced socialism with Chinese characteristics has entered the New Era. Second, the international economic situation is complex. Third, the innovation era has brought fundamental changes. Fourth, great changes have happened to the pro-business environment and operation ecology. Fifth, supply-side structure reform will be deepened. Against this backdrop, the Group should focus on dissolving the risks, actively implement the basic principle of “maintaining stability and making progress” set at the Central Economic Work Conference, and complete the tasks for 2018.

He emphasized that it is necessary to handle the following relations, namely, relations between capital operation platform and financial investment platform; relations between high-speed growth and high-quality growth; relations between innovation & creation and duty & responsibility; relations between wholly state-owned function and mixed ownership; relations between state-owned nature of assets and market-oriented operations; relations between risk prevention and dissolution and investment size and fields; relations between diverse identification of HR and market-oriented, professional and international identification of HR; relations between SIG reform & development and HR diversification; relations between brand influence and cultural influence; and relations between active domestic investments and overseas investments.

The Workshop was attended by assistants administered by SIG Party Committee and executives above this level.