On the afternoon of August 24, Li Yiping and Shou Ziqi, Vice Chairman of the CPPCC Shanghai Municipal Committee visited SIG along with the Committee on Economic and Financial Affairs of the CPPCC Shanghai Municipal Committee. Yan Xu, Member of the Standing Committee and Director of the Committee on Economic and Financial Affairs of the CPPCC Shanghai Municipal Committee, hosted a seminar. Present were Yu Beihua, Secretary of the CPC SIG Committee and Chairman of the Board of Directors; Wu Jun, Vice Secretary of the CPC SIG Committee; Guan Wei and Zhou Lei, Member of the CPC SIG Committee and Vice President of SIG.

At the seminar, Yu thanked the CPPCC Shanghai Municipal Committee for its concern over the years on behalf of SIG, and briefly introduced SIG's development history, primary responsibilities and business, as well as its efforts in serving Shanghai's strategies of building "five centers", enhancing "four functions" and fulfilling three new major tasks. Shanghai Sci-tech Capital Management Co., Ltd. (SSC) under SIG introduced the management operation of SSC and its services for the building of Shanghai Sci-tech Innovation Center.

Li spoke highly of SIG's remarkable achievements over the past 40 years. He noted that SIG had developed synchronously with Shanghai and the process of China's reform and opening up. Though SIG has been renamed several times, its mission and action of serving major national and municipal strategies have remained unchanged, and its remarkable achievements made under the leadership of the previous leading bodies are inspiring. He deeply felt that enterprises should keep pace with national and local development. To develop better, enterprises should persist in reform and opening up, better integrate themselves into the world, and strengthen exchanges and cooperation, which is a concrete embodiment of the concept of "people-centered" development. SSC has stayed focused on key fields of sci-tech innovation, fully guided and gathered social capital through institutional innovation, promoted effective integration between technology and finance, played an efficient role, and achieved brilliant results in a short time. The CPPCC Shanghai Municipal Committee will always aim at the hot issues, difficulties and key problems arising in economic and social development, pay attention to and support the development of state capital and state-owned enterprises in Shanghai, think rationally, make valuable suggestions, and provide more intellectual support for scientific decision making and policy implementation by Party and government departments.

Shou noted that state-owned financila capital should further enhance the sense of mission and responsibility, and play a leading and driving role in enhancing industrial competitiveness and promoting the development of new industries. SSC should make persistent efforts, further leverage the strategic guiding role of state capital and the strength of FoFs in asset allocation, and strive to make new achievements in resource integration, radiation, drive and standardized operation.

The attendees also exchanged ideas on strategies for sci-tech industry investment research, the risk identification and management of venture capital funds, and the development of fintech.

Before the seminar, Li, Shou and the Committee on Economic and Financial Affairs of the CPPCC Shanghai Municipal Committee visited SIG Development History Showroom.