Media units,

On the afternoon of April 25 (Thursday), we will host an interview tour for Chinese and foreign journalists on the theme of “advancing high-quality development of finance,” with a specific focus on “Sci-tech and Finance.” The interviews will take place at the Shanghai Branch of China Construction Bank and the Shanghai Equity Exchange in Pudong New Area (profiles attached). Here’s the schedule:

13:00 - 13:30   Depart from 200, Renmin Avenue

14:00 - 15:00   China Construction Bank Shanghai Branch (World Financial Building, 900, Lujiazui Ring Road)

Interviewees and topics:

1. China Construction Bank Shanghai Branch: Technology Empowering Financial Services for Science and Technology Innovation Center

2. Industrial & Commercial Bank of China Shanghai Branch: Innovation and Integrated Development of Finance, Technology, and Industry

3. Shanghai Pudong Development Bank Head Office: Financial Engine Driving Technological Innovation

4. China Pacific Insurance Group: Building Industry-Leading Digital Capabilities and Empowering High-Quality Development

15:30 - 16:30   Shanghai Equity Exchange (560, Songtao Road, Pudong New Area)

Interviewees and topics:

1. Shanghai Equity Exchange: Serving Technological Innovation and Supporting the Real Economy

2. Shanghai Science and Technology Innovation Center Equity Investment Fund: Construction of an Innovative Investment Ecosystem and a Standardized and Efficient Investment and Financing Platform

Please kindly inform us of the media unit, the reporter’s name, mobile phone number in an email to touchshanghai@126.com by 12:00, April 24, 2024.

Contact: Xu Peizhi 18019788613

Information Office of Shanghai Municipality

April 22, 2024

Profiles

1. China Construction Bank Shanghai Branch

The China Construction Bank Shanghai Branch has a rich history, dating back to its establishment on October 1, 1954. Initially focused on managing national construction investments, it has since evolved to contribute significantly to the development of the national economy and the betterment of people’s lives. With a foundation in tradition and a commitment to innovation, the branch has continuously expanded its business, enhanced its functions, and adopted advanced service methods. Today, it stands as a state-owned commercial bank branch with a wide network of business offices across the city, offering a comprehensive range of services and employing cutting-edge practices.

2. Shanghai Pudong Development Bank Head Office

Shanghai Pudong Development Bank Co., Ltd. is a leading national joint-stock commercial bank. With a strong focus on financial innovation, it consistently grows its asset scale and strengthens its operational capabilities. The bank has established a robust service structure, both nationally and internationally, as a commercial banking powerhouse. In recent years, it has made steady strides in group development, diversifying its business portfolio to include trusts, mutual funds, financial leasing, overseas investment banking, rural banking, and currency brokerage, thus creating a comprehensive and dynamic business structure.

3. China Pacific Insurance Group

China Pacific Insurance (Group) Co., Ltd. is a prominent insurance group formed from the foundation of China Pacific Insurance Company, established on May 13, 1991. It stands as a leading comprehensive insurance group in China and holds the distinction of being the first insurance company listed in Shanghai, Hong Kong, and London. Pacific Insurance has honed its core business offerings, boasting full insurance licenses covering life, property, pension, health, agricultural insurance, and asset management. Through these licenses, it delivers comprehensive risk protection solutions, wealth planning, and asset management services to its customers.

4. Industrial & Commercial Bank of China Shanghai Branch

The Shanghai Branch of the Industrial and Commercial Bank of China, an extension of the bank’s Head Office in Shanghai, has been dedicated to serving the real economy in recent years. Actively engaging with Shanghai’s economic and social transformation, it has innovated its service models, optimized credit investments, and prioritized delivering excellent financial services to its customers.

The bank’s focus extends to integration with the Yangtze River Delta, supporting the China International Import Expo held in Shanghai, and driving comprehensive reform and opening-up initiatives, with a keen eye on the construction of the China (Shanghai) Free Trade Zone. It’s rooted in Shanghai but have a global vision, engaging in comprehensive internationalization through investment banking, asset management, and cross-border services. This includes serving the reform of state-owned assets and enterprises, supporting private economic development, and fostering open economic growth. It’s committed to advancing the construction of the scientific and technological innovation center and the new smart city. It’s adapting its service models to new business forms and needs, accelerating technological innovation and financial breakthroughs. Additionally, it’s focused on deepening supply-side structural reform, supporting industrial transformation and upgrading, and backing major projects and key areas. Its dedication extends to inclusive finance, supporting small and micro-enterprises’ development, ensuring and improving people’s livelihoods through initiatives like active participation in the housing rental market, and continually innovating and optimizing social security and financial services in areas such as elderly care, education, health, culture, and sports.

5. Shanghai Equity Exchange

The Shanghai Equity Exchange was established in November 2010 and commenced operations on February 15, 2012, with a registered capital of 267.6 million yuan. It operates as a regional equity market sanctioned by the Shanghai Municipal Government and registered with the China Securities Regulatory Commission, aligning with the State Council’s directives. As a crucial component of Shanghai’s journey towards becoming an international financial and technological innovation hub with global influence, the center embodies the multi-level capital market system outlined in the Securities Law. Guided by the principle of “serving technological innovation and supporting the real economy,” it aims to function as a hub for share trading, resource aggregation, listing incubation, and financial innovation, fostering the financing and development for unlisted companies.

Over 12 years of innovation-driven development, the exchange has significantly broadened financing channels for small, medium, and micro-enterprises, supported innovation and entrepreneurship, and assisted the growth of the real economy. It has evolved into a multi-sector, multi-platform market structure serving unlisted enterprises, featuring specialized sectors such as the specialized and sophisticated enterprise board, science and technology innovation board, share transfer system, and Q Board. Moreover, it has introduced service platforms including a fund share trading pilot platform, a comprehensive stock option service pilot platform, an equity and share custody registration platform, and a debt-for-equity swap platform. These initiatives have made remarkable contributions to Shanghai’s journey as an international financial center, a science and technology innovation hub, and an asset management center, while also contributing to the development of China’s multi-level capital market.

6. Shanghai Science and Technology Innovation Center Equity Investment Fund

The Shanghai Science and Technology Innovation Center Equity Investment Fund is a market-oriented fund initiated and established by Shanghai International Group in line with directives from the CPC Shanghai Municipal Committee and Shanghai Municipal Government. Major investors include Shanghai Guosheng Group, SIPG, Guotai Junan, Shanghai Trust, Zhangjiang Hi-Tech, China Pacific Insurance Group, Jiading State-owned Assets Group, among others. With a mission to support the construction of the Shanghai Science and Technology Innovation Center, the fund aims for a target scale of 30 billion yuan, currently managing over 14 billion yuan. To date, the fund has invested in over 90 sub-funds, totaling 250 billion yuan, and nearly 2,500 investment portfolio companies, including 135 listed companies (69 on the Science and Technology Innovation Board). Additionally, it invests in more than 300 national-level specialized and sophisticated “little giant” companies.