Government News
Shanghai establishes new state-owned enterprise to boost trade 2025-11-20
A view of Putuo district. In a strategic move to strengthen its presence in the domestic and international commodity trading, Shanghai has established a new State-owned enterprise, Shanghai Guomao Holding Co Ltd.
This new enterprise is a collaboration between the Shanghai International Port Group (SIPG), Shanghai International Group (SIG), and several other State-owned enterprises in Shanghai. The company will be headquartered in Putuo district, with a registered capital of 13 billion yuan ($1.8 billion).
According to SIPG, SIG will invest 3 billion yuan to acquire a 23.08 percent stake, while SIPG will invest 2 billion yuan for a 15.38 percent stake. The remaining 8 billion yuan will be invested by other Shanghai State-owned enterprises, with a collective stake of 61.54 percent.
The newly established company will operate across a broad range of sectors, including trade brokerage, domestic and international trade agency services, supply chain management, offshore trade, and port operations. Additionally, it will engage in metal or sales, biomass fuel production, and agricultural product trading, among others.
SIPG emphasized that the venture will leverage its existing port resources and logistics supply chain to bolster Shanghai's role as an international shipping hub. This initiative aligns with Shanghai's ongoing efforts to develop specialized State-owned platforms, enhancing the city's capacity as a global shipping and trade center.
Shanghai has been consistently establishing specialized State-owned platforms in critical areas of the national economy and public welfare. The establishment of Shanghai Guomao Holding Co Ltd is expected to significantly enhance the capabilities of Shanghai as an international shipping center and support the development of Shanghai as an international trade center.
Source: City News Service
Application Status
| 04-16 | 21315227 | Processing |
| 03-12 | 21315226 | Processing |
| 09-26 | 21315225 | Processing |
Inquiry Status
| 02-29 | 02131558 | Received |
| 03-06 | 02131557 | Received |
| 11-14 | 02131556 | Received |
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