On July 11, Shanghai International Group Asset Management Co., Ltd., a subsidiary of Shanghai International Group, held the Shanghai International Asset Management Development Forum and the Growth FOF signing ceremony in Shanghai Fudan Crowne Plaza Hotel. Leaders from the Shanghai Municipal SASAC, Shanghai Financial Service Office, Jing'an District, SIG and its partners Shagang Group, Wanxiang Holdings and Junyao Group, etc., attended the forum and relevant activities.

The forum invited a number of heavyweights including Mr. Qi Bin, Deputy General Manager of China Investment Corporation, Mr. Zhang Xuyang, Vice President of Baidu and Mr. Ge Qi, Executive Partner of Daohe Jin Ze. Guests delivered speeches ranging from macro-economy to mid-level industries and to specific sectors, covering topics including the Chinese capital market and strategy of overseas investment under the One Belt, One Road Initiative, the development trend of the assets management industry and advantages of the FoF model.

At the meeting, Shanghai Growth FOF Fund Equity Investment Management Co., Ltd. was officially unveiled, followed by a signing ceremony. The company, co-founded by Shanghai International Group, Shagang Group, Wanxiang Holdings, Junyao Group, is the first private equity fund management company with the word "FoF" in its name.

The Shanghai Growth FoF Co., Ltd could be said as a strategic milestone in SIG`s plan in building up an eco-system of industrial investment funds through its wholly-owned subsidiary, SIG Asset Management Co., Ltd. . The Shanghai Growth FoF Co., Ltd. is the first FoF Management Company of SIG, or even within Shanghai`s state-owned assets system at large, and it has a diversified shareholder structure. Aside from SIG, representing state-owned capital, shareholders also include Shagang Group, Wanxiang Group, Junyao Group, the most influential ones in their respective sectors. In operation, Shanghai Growth FoF Co., Ltd. is entirely in the charge of a professional and market-oriented team. In the next five years, it is expected to launch three categories of FoF products, including "Platform FoF Fund", "Full Market Fund" and "Share Transfer FoF Fund", with asset under management worth more than RMB 50 billion. In addition, Growth FoF is not only an example of diversified shareholder structure, but also an epitome of combining industry with finance. The Shanghai Rural Commercial Bank took the lead in working hand in hand with Growth FoF in launching the first-phase fund of Growth FoF and actively making relevant attempts in equity investment and venture loan.

Through the expansion of industrial funds eco-system with Growth FoF as the hub, Shanghai International Group will achieve a leapfrog upgrade in state-owned capital management capability and direct more social capital into the real economy, contributing to the deepening of the supply-side reform, while laying a solid financial foundation for the socio-economic development of Shanghai.