Shanghai International Group

Not to be confused with Shanghai International Port (Group).

Shanghai International Group (SIG) (上海国际集团有限公司) is a large state owned financial holding group of People's Republic of China. SIG has full financial licenses in China and engaged in Commercial Banking, Investment Banking, Mutual Fund, Insurance, Private Equity, Trust, Assets Management, etc. As of the end of 2012, according to the equity method accounting, the total assets on SIG’s consolidated financial statements were RMB 129.723 billion yuan, the net assets RMB 89.756 billion yuan, and the total profit RMB 12.367 billion yuan. The data relevant to SIG’s controlling and core investments shows that the assets managed by SIG had reached RMB 1118.487 billion yuan by the end of 2012.

History

Shanghai International Group Co., Ltd. (SIG) was founded on April 20, 2000 with a registered capital of RMB 10.56 billion yuan.[1]

Function

SIG performs three major functions, namely, investment holding, capital operation, and state-owned assets management. SIG is engaged in business activities including financial investments as a focus, non-financial investments as supplement, capital operation and assets management.

Business

SIG owns stakes in several financial institutions including Shanghai Pudong Development Bank, Guotai Junan Securities Co, Hua An Fund Management Co and China International Fund Management Co Ltd.[2]

Ever since its establishment, SIG has been expanding its territory in financial investment. For example, SIG becomes the largest shareholder of Shanghai Pudong Development Bank Co., Ltd., Shanghai Rural Commercial Bank Co., Ltd., Guotai Junan Securities Co., Ltd., Anxin Agricultural Insurance Co., Ltd., Dazhong Insurance Co., Ltd. and other companies. SIG set up two joint ventures. One is China International Fund Management Co., Ltd. with JP Morgan which is one of the world’s top asset management companies. The other refers to Tullett Prebon SITICO (China) Ltd., the first inter-dealer broker in China, with Tullett Prebon (Europe) Ltd., a company of Collins Stewart Tullett Group which is the second inter-dealer broker in the world. SIG also incorporated the companies including HuaAn Fund Management Co., Ltd., Shanghai Guosheng Pawn Co., Ltd., Shanghai Re-guarantee Co., Ltd. and Shanghai Equity Exchange.

At the same time, SIG springs up in the area of assets management in a rapid and sound pace-it set up Sailing Capital Management Co., Ltd., a company successfully raised and run Sailing International Investment Fund; established GP Capital Co., Ltd., a company successfully raised and run Shanghai Financial Sector Investment Fund with the approval of the State Council of the People’s Republic of China; incorporated Shanghai Guohe Modern Service Industry Equity Investment Management Co., Ltd., a company successfully raised and run Shanghai Guohe Modern Service Industry Private Equity Fund., and incorporated Shanghai Real Power Capital Co., Ltd., a company successfully raised and run Shanghai Real Power Emerging Industry Investment Fund. Last but not the least, SIG has also participated in establishing Shanghai Shipping Industry Fund Management Co., Ltd.. SIG’s subsidiaries also include Shanghai International Trust Co., Ltd., Shanghai Securities Co., Ltd., Shanghai State-owned Assets Operation Co., Ltd., SIG Asset Management Co., Ltd., SIG Financial Services Co., Ltd., Shanghai International Group (Hong Kong) Co., Limited, Shanghai International Group Venture Capital Co., Ltd., SIG Investment and Development Co., Ltd. and Shanghai Huadong Enterprises Co., Ltd.

Shanghai International Trust & Investment Co., Ltd. was the predecessor of SIG. The enterprise has accumulated three decades of experience in financial operation service and the management of investing and funding of the large projects. SIG has earned high credit in the international capital market for its due payment for all the loans. A medium-term notes in the amount of RMB 7 billion yuan has been issued by SIG in the domestic market, which also scored a success. The high credibility of SIG potently sustains the economic and social development of Shanghai.

SIG makes full use of its rich experience in finance and capital operation to provide in-depth consultancy services in respect of investment, funding and finance for a number of major construction projects in Shanghai, such as Nanpu Bridge, East Yan’an Road Tunnel, Hongqiao Airport Expansion Project, Shanghai Metro and Maglev, Shanghai expressway network and Yangshan Deep-water Port. It delivers remarkable contributions to the modernization and globalization of Shanghai. SIG also holds shares in a dozen of financial institutions including China Pacific Insurance (Group) Co., Ltd., Bank of Communications Co., Ltd., Industrial Bank Co., Ltd. and Bank of Hangzhou Co., Ltd. SIG’s financial assets is involved in a variety of financial subsectors such as banking, trust, securities, fund, insurance, monetary broking, asset-management and financial service, whose operation is guaranteed by a powerful think tank of professionals and experts.

Along with the businesses of investing and operating, SIG spares no efforts in combining application, academic study and research. With the approval of the Ministry of Human Resources, SIG set up the first “Postdoctoral Programme” in the financial field of Shanghai in 2001. SIG established “SIG Financial Development Research Institute” in 2003, launched a series of research programs on finance, and running the internal journal Exploration and Research, and its joint programs including financial training programs with Fudan University, Shanghai University of Finance and Economics and Shanghai Jiao Tong University in an effort to make its unique contributions to developing Shanghai into an international financial center.

See also

References

  1. ↑ http://english.people.com.cn/english/200005/09/eng20000509_40396.html
  2. ↑ http://ecorigin-yrd.tdctrade.com/content.aspx?data=yrd_content_en&contentid=989357&src=ra_shanghai&w_sid=194&w_pid=625&w_nid=9897&w_cid=989357&w_idt=1900-01-01&w_oid=343&w_jid=

External links

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