Mr. Zheng Yuanhu, Deputy Director of Shanghai State Owned Assets Supervision and Administration Commission (SASAC), Mr. Xu Bo, Managing Director, Vice President and CFO of Shanghai Industrial Investment Co.,Ltd.,(SIIC) made a special trip to SIH in December 14th 2016, checking the business operation and the risk control of SIH in the last few years, discussing and predicting the economic tendency in future. Mr. Meng Yinfa, Managing director, and President of SIH, made a comprehensive and detailed report on the corporate governance, management team, risk control, profit model and status of assets. The leaders of SASAC and SIIC fully affirmed the outstanding performance and the increase in the value of state-owned assets of SIH and emphasized that SIH is an important overseas company under SIIC, of which the market positioning is necessary to be reassessed, based on the development strategy of “ combination of finance and industry, deep capitalization, further internationalization, expanding new frontier”. SIH should further expand its developing space in the framework of corporate governance.

The leaders of SASAC and SIIC , accompanied by Mr. Meng, visited the economic counselor’s office of Chinese Embassy to Japan expressing gratitude for support and assistance from the government department. They also visited Tokyo Stock Exchange (TSE) to learn the conditions and procedures for any overseas enterprises applying for listing in TSE. The executives of TSE said that they would provide the relevant information for listing in Tokyo in accordance with the requirement of the Shanghai enterprises.

Furthermore, they visited the headquarters of Tokyo Mitsubishi UFJ Bank, Mitzuho Bank and Tokyo Branch of Communication Bank. The Hong Kong or Shanghai Managers of these Banks made the special business trips to meet with the above guests. All sides discussed the cooperation between the Banks and SIH, moreover, the companies affiliated with SIIC.