On the morning of August 7th, President of SIG, Mr. Shao Yaliang met Mr. Ke Kasheng, President of China Huarong Asset Management Co., Ltd. (“Huarong”). Both parties conducted exchanges on industry development, financial holding, macroeconomic trend, etc. Vice President of SIG, Mr. Yang Dehong accompanied them.

Mr. Shao Yaliang first extended welcome to Mr. Ke. He introduced that, SIG is currently positioned as a comprehensive holding group mainly engaged in strategic financial investments. It possesses all the licenses in financial sector, including banking, trust, securities, fund, insurance, re-guarantee, currency brokerage, etc. SIG is the strategic shareholder of a couple of large financial institutions, namely Shanghai Pudong Development Bank, Guotaijunan Securities, Anxin Agricultural Insurance, Dazhong Insurance, etc. It directly manages 13 subsidiaries, including Shanghai International Trust, Shanghai Securities, China International Fund Management, etc., with scores of companies as its financial investments. Recently, as a national pioneer of fund management innovation, SIG has led the foundation of 4+1 industrial fund cluster. SIG would strengthen its cooperation with Huarong in various areas to create a win-win situation.

Mr. Ke expressed thanks to Mr. Shao for the meeting. He said that Huarong has been striving to become a more market-oriented company from 2006. It currently has 32 branches in the country, providing comprehensive financial services including asset operation and management, banking, securities, financial lease, trust, investment, etc. The company started its transformation last year, and plans to go public in two years. He expressed that SIG has grown rapidly in recent years, with abundant capital resources and accelerated pace of internationalization. He expected to take the opportunity of this visit to learn from SIG on management and risk control, and hoped to have more cooperation with SIG in various areas in the future.

Later on, both parties conducted extensive exchanges on international economic trend, asset structure adjustment, cooperation opportunities in the future, etc.

Directors of SIG financial management department, investment management department, strategic development department, risk management and compliance department, and administration department also attended the meeting.