On the afternoon of July 22, Bai Tinghui, Secretary of the CPC Committee and Director of the Shanghai Municipal State-owned Assets Supervision and Administration Commission (SHSASAC), visited Shanghai State-Owned Assets Management Co., Ltd. (SSAM) and SIG Asset Management Co., Ltd. (SIGAM). Yu Beihua, Secretary of the CPC SIG Committee and Chairman of the Board of Directors; and Liu Xinyi, Vice Secretary of the CPC SIG Committee and President of SIG participated in the survey and attended meetings.

In recent years, SSAM has operated steadily and effectively with focus on its strategic orientation, achieving positive results in the disposal of non-performing financial assets, fintech investment and other fields, said Bai after hearing a work report by a head of SSAM. He hoped that at the next stage, SSAM should act initiatively, further leverage its role as an AMC platform and go all out to push forward the work of liquidizing idle assets; should enhance its stance, further strengthen work coordination with focus on its primary responsibility and business, and work out a scheme for liquidizing idle assets; should operate steadily, adhere to the principle of marketization, and improve the work mechanism for assets disposal, to ensure that the disposal process is in accordance with laws and regulations, and keep improving the capability of risk prevention and control.

SIGAM has pushed forward innovations, reforms and development based on its features, and made positive contributions to Shanghai's fight against the epidemic, which deserves full recognition, said Bai after hearing a work report by a head of SIGAM. He hoped that at the next stage, SIGAM should further improve its capability of financial investment, to help Shanghai develop into an international financial center and a global assets management center; should continue to leverage the brand advantage of industrial funds, strengthen industry-finance cooperation, offer support for the development of Shanghai's three leading industries, and accelerate operation in future-oriented and frontier industries; should constantly deepen its reforms, explore and establish a mechanism of market-oriented operation, and endeavor to cultivate high-quality professional talents.

SIG should further leverage its role as a state capital platform, and always serve the overall interests with focus on the central task, so as to make greater contributions to the reform and development of Shanghai's state-owned assets and enterprises, said Bai.

Heads of the General Office, the Office of Planning and Development, the Office of Property Management, the Research Office, the Office of Financial Appraisal and other offices of SHSASAC, as well as leaders of SSAM and SIGAM participated in the survey.