Recently the Shanghai Municipal State-owned Assets Supervision and Administration Commission (SHSASAC) has issued the Notice on Rewarding Outstanding Research Projects of Enterprises under SHSASAC in 2021. Led by Yu Beihua, Secretary of the CPC SIG Committee and Chairman of the Board of Directors; Liu Xinyi, Vice Secretary of the CPC SIG Committee and President of SIG; and Zhou Lei, Member of the CPC SIG Committee and Vice President of SIG, conducted by the Department of Strategic Development of SIG in collaboration with the Fixed Income Business Division and Strategic Research Department of Shanghai State-Owned Assets Management Co., Ltd., Research on the Development Path of Local Asset Management Companies (AMCs) won the "Award for Outstanding Research Projects of Enterprises Governed by SHSASAC in 2021".

In March 2022, upon the selection and recommendation, oral defense and closed-door expert review of research projects of enterprises governed by SHSASAC, deliberation by a director work meeting, SHSASAC selected 11 winners and 9 nominees for the Award for Outstanding Research Projects of Enterprises Governed by SHSASAC in 2021.

experience from peer companies through surveys, analyzed the market situation of local AMCs, responded to new regulatory policies, provided insight into the path for the next-step development of AMCs and offered suggestions.