This year marks the success of the 20th CPC National Congress and the 100th anniversary of the founding of the Communist Youth League of China. In a recent selection of winners of Shanghai Youth May Fourth Medal organized by the CYL Shanghai Municipal Committee, and the Shanghai Municipal Human Resources and Social Security Bureau, the youth team of the Department of Investment Management II of SIG was awarded the title of "Shanghai Youth May Fourth Medal Collective 2021".

 Ideological guidance, unremitting learning

    The youth team has given play to the guiding role of political ideological and theoretical learning, been committed to developing into an organization active in learning, emphasized the combination of learning and application, practiced with integrity, and stayed true to their original aspiration and mission. The team has carried out regular joint learning and construction activities with funds under SIG, formed a mechanism of exchanges and mutual learning between direct investment companies and funds under SIG in fields such as blockchain, fintech and cloud computing, established a regular "internal lecturer" system, and developed a favorable atmosphere of learning and practice integration within the team.

 Collaboration, professionalism, innovation, guidance

    The youth team is responsible for participating in the development of Shanghai's financial factor markets, and the investment management of SIG's industrial funds. Guided by SIG's spirit of "collaboration, innovation and guidance" and philosophy of "integrity, steadiness, professionalism and efficiency", the team has sought the convergence of long-term interests of all parties in investment and management, developed a market-oriented model of industrial fund investment management by state capital, and on this basis, built its leading role in the investment management of local state-owned industrial funds through regular monitoring and data analysis.

 Unswerving efforts, fruitful results

    In recent years, with the help of the youth team, the department has initiated and set up FoFs such as Sci-tech Capital and Yangtze River Delta Fund; invested in industrial funds such as State-owned Enterprise Reform and Development Equity Fund, FTZ Fund, Shanghai HealthCare Capital and Guotai Junan Lin'gang Science and Technology Frontier Private Equity Fund; performed the voting duty of the fund investment decision committee, guided its FoFs in driving social capital to serve Shanghai's economic construction, and supported enterprises in going public on the Science and Technology Innovation Board; and has guided fund managers in promoting the exit of projects, and established special performance assessment indicators oriented to project exit and cash return, thus achieving brilliant results.

    Strong youths lead to a powerful country! With in mind the ardent expectation of the report to the 20th CPC National Congress, SIG's League members will unite more closely around the CPC Central Committee with Xi Jinping at the core, uphold Xi Jinping's thought on socialism with Chinese characteristics for a new era, forge ahead with enterprise and fortitude, strive forward with the mission of the times, and make new and greater contributions to building a modern socialist country in all aspects and advancing the great rejuvenation of the Chinese nation on all fronts!