2015
Dec
Shanghai Equity Exchange Officially Launched the Technology Innovation Board
In December, 2015, Shanghai Equity Exchange officially launched the technolo- gy innovation board. The first batch of 27 companies were listed, which has further expanded the capital market service and support for high-tech, innovative SMEs, and is a progress towards building a multi-level capital market system.
Nov
SSAO, SIG`s Subsidiary, Issued Five-year Corporate Bond Worth 3 Billion Yuan
In November 2015, SIG’s subsidiary Shanghai State-owned Assets Operation Co., Ltd. issued five-year corporate bond worth 3 billion yuan, after CSRC amended the “Administration Methods for the Issuance and Trading of Corporate Debt” which allow non-listed companies to issue corporate bonds. It is the city s first large publicly offered instrument. Since then, SIG has opened up the channel connecting to the capital market and shifted from indirect financing to direct financing.
Sep
SIG and Shanghai Juneyao Group Co., Ltd. Signed Transfer Agreement
In September 2015, SIG and Shanghai Juneyao Group Co., Ltd. signed the agreement under which SIG will transfer all its equity stake in AJ Group to Juneyao Group in a market-oriented manner, which will help AJ Group become a private company again and diversify its business operations.
Sep
SIG Officially Completed the Integration of Jinjiang Shipping and SIPG
In September 2015, SIG officially completed the integration of Jinjiang Shipping and Shanghai International Port Group (SIPG), which is the first major local SOAs operation project in Shanghai. After the project was completed, SIG paid the operating earnings in full to the government, making a bigger contribution of SOAs proceeds to the redistribution of the local socio-economic develop-ment, providing strong support to Shanghai people’s livelihood, urban development and the growth of strategic emerging industries.
Aug
SIG Asset Management Co., Ltd., SIG`S Subsidiary, Registered Mid-Term Bond
In August 2015, SIG`s subsidiary Shanghai International Group Assets Management Co., Ltd. registered a (3+2)-year 2-billion-yuan mid-term notes project with National Association of Financial Market Institutional Investors (NAFMII), and in November of the same year issued the first phase amounting to 500 million yuan. This effectively reduces the financial costs, optimizes the debt structure, effectively enhances the company’s credit image and paves the ground for the subsequent development of innovative financial products.
Jan
SIG and SPD Bank Signed Memorandum
In January 2015, SIG and SPD Bank signed a memorandum concerning the management arrangements for Shanghai International Trust Co., Ltd and its main subsidiaries, marking a substantial progress for SPD Bank’ s acquisition of Shanghai International Trust Co., Ltd. In September, Shanghai International Trust Co., Ltd. handed over its managerial rights to SPD Bank, so the vertical integration between Shanghai International Trust Co., Ltd. and SPD Bank was basically completed. An operating platform for state-owned assets was created, and the mix of local state-owned capital was further optimized.