In order to thoroughly study and implement the spirit of a series of important meetings of the CPC Central Committee and CPC Shanghai Municipal Committee, according to the overall requirements of CPC Shanghai Municipal Committee and the Municipal government, the working plans of the CPC SASAC Committee, the SASAC and to conscientiously sum up SIG`s work in 2016, while arranging jobs and setting tasks of 2017, the Shanghai International Group held the Working Meeting of CPC SIG Committee & SIG Management on the afternoon of February 17 in Room 208.

The meeting was presided over by Mr. Shen Jun, Secretary of CPC SIG Committee and Chairman of SIG. Members of CPC SIG Committee, SIG`s Management, Chairman of Board of Supervisors of SIG, middle-level cadresfrom departments and subsidiaries of SIG, designated directors and supervisors in SIG, SIG`s dispatched employees, and major leaders of Sailing Capital, GP Capital and Guohe Capital attended the meeting.

At the meeting, Mr. Fu Fan, Vice President of SIG delivered SIG`s operational report. The report pointed out that in 2016, SIG had attached great importance on the operational targets as “facilitating the flow of State-owned assets, optimizing the investment and management system, expanding factor market development and improving comprehensive management capability", sticking to the path of reform, enhancing the confidence of reform, accelerating the pace of reform, while make the state-owned capital operation platform functioning effectively, making the state-owned capital flowing efficiently and further substantiating SIG`s position as a state-owned financial capital platform, making new breakthroughs in the investment management business; successfully involving in that establishment of Shanghai insurance Exchange and Shanghai commercial paper exchange, while continuously improving the comprehensive management level.Up until the end of 2016, the consolidated total assets of SIG amounted to224.079 billion RMB (before auditing), the consolidated net assets routine 168.18 5 billion RMB, consolidated total profit reaching 12 .713 billion RMB, operation profit from state-owned capital turned over to the government reaching RMB 1.158 billion, while specialized profit from the state-owned capital operation business reaching RMB 346 million. In 2017, SIG should Focus on the operation target, i.e., “scoring new achievement in state-owned capital operation business, making new breakthroughs in investment management, making new advances in factor market development, making new improvements in comprehensive management”. To realize the targets, emphases should be put on the following four aspects: first is to bear in mind the general backdrop of Shanghai’s reform plans on state-owned assets and state-owned enterprises to enhance SIG`s function as a state-owned capital operation platform; Second is to expand proactive new investment, improving the capability of assets allocation and management; third is to make use of SIG`s function as an overall platform of financial state-owned capital, to foodie improve the development of Shanghai as a Sci-tech Innovation Center and International Financial Center; fourth is to adhere to SIG`s nature has a state-owned enterprise and also its market-oriented strategy, to further improve comprehensive management level.

Mrs. Ding Xiaoyun, Vice Secretary of CPC SIG committee delivered Report of SIGs party-building work. The report shows that, in 2016, CPC SIG committee has fully implemented major decisions and assignments of the CPC Central committee, CPC Shanghai Municipal Committee and CPC SASAC Committee, adhered to principles that he Party supervises its own conduct and enforces strict discipline, given full play to CPC SIG committee to function as the leadership core and political core in every aspect of SIG work, fully fulfilling CPC SIG committee`s responsibility in party-building and improving party conduct and moral integrity, carried out in earnest activities to enable Party members to gain a good understanding of the Party Constitution, Party regulations, effectively enhance the building of fundamental units of CPC, improved SIG`s function as a state-owned Capital operation platform and provided sound political, ideological and organizational safeguard for SIG`s state-owned capital platform development and innovation and transformation of SIG. In 2017, CPC SIG Committee will implement fully the guidelines from the 18th National Party Congress, those of the third through sixth plenary sessions of the 18th Party Central Committee, those of the National SOEs Party-building Meeting and Secretary-General Xi Jinping`s major addresses; CPC SIG committee will remain committed to the principle of making progress while keeping performance stable, adhere to principles that he Party supervises its own conduct and enforces strict discipline, fully fulfill CPC SIG committee`s responsibility in party-building and improving party conduct and moral integrity, further Carry out practical activities of education on Mass Line, Three Stricts and Three Honests, enabling Party members to gain a good understanding of the Party Constitution, Party regulations, making more use of CPC SIG committee`s function as the political core and leadership core in every aspect of SIG`s work, further improving the ideological level and professional skills of the management members and mid-level carders of SIG, improving SIGs innovation, transformation and the strategic development, incentivizing improvements in staff`s awareness for innovation and working behaviors, promoting CPC units of each level to enforce strict disciplines and to score new achievements in party-building, effectively mobilizing party units of each level to function as fighting bastion and role model for every party member, so as to comprehensively fulfilled the task assigned by CPC Shanghai municipal committee and the Shanghai municipal government, carry out the Twin-wheel Strategy, making sure SOEs can make its six kinds of contributions and to usher in the opening of the Shanghai`s 11th Congress of Party Representatives and the 19th National Party Congress.

Mr. Shen Jun, Secretary of CPC SIG committee, Chairman of SIG delivered a key speech. He pointed out that, in 2016, SIG had followed overall deployments Shanghai to accelerate the “Twin-wheel Strategy”, i.e., state-owned capital operation and investment management, realizing new development and making breakthroughs in state-owned capital operation, investment management, financial factor market development, reform and innovation, party-building and etc.

2017 will witness the acceleration of reform of state-owned assets and state owned enterprises, and it also marks a critical year for SIG to further promote Capital operation platform and continue the Twin-wheel Strategy of state-owned capital operation and investment management. SIG should get a overall view of the situation, conduct forward-looking researches, making profound economic Analysis, actively following the tendency of policies and economic activities, making for use of the strategic opportunities coming along with the structural reform of supply side, the building of Shanghai free-trade zone and Sci-tech Innovation Center, paying close attention to fluctuation of the market and enhance risk control System to promote SIG`s reform and innovation to a new level. SIG should carry out requirements of the CPC Central Committee and CPC Shanghai Municipal Committee on reform of state-owned assets and state-owned enterprises, comply with Secretary-General Xi Jinping`s overall principle of “facilitating the preservation and appreciation of State owned assets, improving the competitiveness of state economic entities and maximizing the use of state-owned capital”. SIG should focus on key areas like optimization of models and mechanisms, sort out key relationships, continuously improve operation model, coordinate the nature of state owned capital and the market-oriented strategy, optimize the operation system, strive for a overall improvement through breakthroughs in key areas, accelerate the building of a market-oriented professional state-owned Capital operation platform featured by ”Twin-wheel” Strategy, i.e., state-owned capital operation and investment management.

Mr. Shen Jun emphasized on 10 major tasks in 2017: First, take more initiatives in the business of state-owned capital operation; Second, further improve the capability of investment management; Third, continue to make use of the special function of SIG`s fund group; Fourth, continue to participate in Shanghai’s financial Factor market development; Fifth, conduct research on overseas resources allocation; Sixth, strengthen the coordination and cooperation with other state-owned enterprises of the district level and the municipal level; Seventh, prudently promote pilot reform of mixed ownership; Eighth, strengthen training and cultivation of staff; Ninth, inherit and extract SIG`s corporate culture; Tenth, continue to reach out to the fundamental level to conduct surveys. CPC units of all levels and CPC members in SIG should fully implement the spirits delivered in the Six Plenum of the 18th Congress meeting and the National SOEs party-building Meeting, enable Party members to gain a good understanding of the Party Constitution, focus on SIG`s major work, closely integrate the enhancement of party`s leadership role with promotion of corporate governance mechanism, improvement of party conduct and moral integrity with business development, fulfill two duties for one post with the management and evaluation of mid-level cadres, strict discipline among CPC members with enhancement of the fundamental of party-building work. SIG should enhance the awareness on the general situation, strengthen Four awareness, i.e., political awareness, general tendency awareness, key area awareness and the awareness to keep up with the CPC Central committee; SIG should play up the spirit of innovation, further muster spirits for better operation outcomes, steadily promote the sustainable development of SIG`s undertakings so that we can embrace the 19th Party Congress and Shanghai`s 11th Congress of CPC Shanghai Municipal Committee.