The 2023 Party Work Conference of Shanghai International Group (SIG) was held on January 30. Yu Beihua, Secretary of the CPC SIG Committee and Chairman of the Board of Directors, presided over the conference and delivered a speech. Liu Xinyi, Vice Secretary of the CPC SIG Committee and President of SIG, delivered the business work report. Wu Jun, Vice Secretary of the CPC SIG Committee, delivered the work report of the CPC SIG Committee. Members of SIG's leading body, executives of the CPC SIG Committee and heads of the CYL SIG Committee attended the conference. Also present were outside directors, dispatched supervisors, as well as heads of GP Capital, Guohe Capital, Sailing Capital, Shanghai Sci-tech Capital and Growth.

    In 2022, facing the complex and severe external environment, and the arduous development task, SIG took meeting the 20th CPC National Congress and studying and promoting the spirit of the Congress as the primary political task, implemented the decisions and plans of the CPC Shanghai Municipal Committee, the Shanghai Municipal People's Government, as well as the CPC Committee and Discipline Inspection Commission of the Shanghai Municipal State-owned Assets Supervision and Administration Commission, fulfilled the annual business targets and the three-year action plan for strategic development (2020-2022), and made positive contributions to the high-quality development of Shanghai's economy. In the year, SIG achieved a total profit of 7.072 billion yuan (unaudited), fulfilling the annual budgetary target.

    2023 marks the opening year for the full implementation of the spirit of the 20th CPC National Congress and the launch year of SIG's new three-year action plan. SIG will face more complex internal and external situation, more arduous development tasks and more specific work requirements. Guided by Xi Jinping's thought on socialism with Chinese characteristics for a new era, SIG will fully implement the spirit of the 20th CPC National Congress, seriously implement the spirit of the 12th CPC Shanghai Municipal Congress, the 12th Plenary Session of the 11th CPC Shanghai Municipal Committee, the 5th Session of the 15th Shanghai Municipal People's Congress and the 4th Session of the 13th CPPCC Shanghai Municipal Committee, focus closely on major national and municipal strategies, serve the overall reform of state capital and state-owned enterprises, promote the reform and development of state capital investment operation platforms, enlarge and strengthen the primary responsibility and business of financial holding, investment and assets management, better coordinate epidemic control with business development, open a new page and make a good start for the high-quality development of SIG.

    To fulfill the work in 2023, first, SIG should go all out to promote the application for establishing financial holding companies, improve quality and efficiency through reform and development, map out a three-year blueprint, and develop new advantages, to better promote the steady and high-quality development of SIG; second, SIG should further deepen the reform and innovation of state capital operation platforms, enhance the initiative and innovativeness of state-owned assets operation, and continue to step up the revitalization of idle state-owned assets. Third, SIG should further improve the capability of active investment, continue to improve investment quality and expand investment scale, properly control working pace, and better coordinate current development with long-term development. Fourth, SIG should further improve the risk prevention system, strengthen the improvement and implementation of rules and regulations, make persistent efforts to control the epidemic, ensure work safety and address public complaints, and hold fast to the bottom line against major risks. Fifth, SIG should go all out to complete the correction of the problems found in the inspection and audit, and convert correction results into the drivers for the business development of SIG.

    The conference took place in a main venue and two break-out venues.