Shanghai International Group (SIG) (上海国际集团有限公司) headquartered in Jiujiang Road, Huangpu District

Huangpu District, Shanghai

Huangpu District , is one of Shanghai's 18 districts and makes up the eastern part of Shanghai's traditional urban core. Today's Huangpu District is sometimes referred to as "new Huangpu" to distinguish it from the pre-merger Huangpu District which existed before 2000. In 2000, the pre-merger...

, Shanghai

Shanghai

Shanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...

 and founded in May 2000 by the Shanghai Municipal government.

History

SIG was established with a registered capital of 5 billion yuan by the Shanghai government to restructure state-owned enterprises and regulate trust

Trust law

In common law legal systems, a trust is a relationship whereby property is held by one party for the benefit of another...

 businesses.

Function

The company's activities include management of state- owned assets, equities and capital operation. Its business scope covers investment in trust business, securities, pillar industries and the development of the Pudong New Area.

Stakes

SIG owns stakes in several financial institution

Financial institution

In financial economics, a financial institution is an institution that provides financial services for its clients or members. Probably the most important financial service provided by financial institutions is acting as financial intermediaries...

s including Shanghai Pudong Development Bank

Shanghai Pudong Development Bank

Shanghai Pudong Development Bank Co. Ltd , incorporated on January 9, 1993 with the approval of the People's Bank of China , is a joint-stock commercial bank with its headquarters located in Shanghai....

 (600000.SS), Guotai Junan Securities Co, Hua An Fund Management Co and China International Fund Management Co Ltd.

See also

• China International Capital Corp
  China International Capital Corp
  China International Capital Corporation is one of China's largest investment banking and research services companies. The founding shareholders of CICC are: China Jianyin Investment Limited, Morgan Stanley, China National Investment and Guaranty Co. , Ltd. , Government of Singapore Investment...
  
  
• CITIC Securities
  CITIC Securities
  CITIC Securities Company Limited is engaged in securities business in China, including securities brokerage, investment banking, asset management, securities investment, stock and bond trading, stock market research and consulting services. It was established in 1999 and it is headquartered in...
  
  
• Private equity in China
• Economy of the People's Republic of China
  Economy of the People's Republic of China
  The People's Republic of China ranks since 2010 as the world's second largest economy after the United States. It has been the world's fastest-growing major economy, with consistent growth rates of around 10% over the past 30 years. China is also the largest exporter and second largest importer of...
  
  
• Chinese financial system
  Chinese financial system
  China's financial system is highly regulated and has recently begun to expand rapidly as monetary policy becomes integral to its overall economic policy...
  
  
• Banking in China
  Banking in China
  China's banking system has undergone significant changes in the last two decades: banks are now functioning more like banks than before. Nevertheless, China's banking industry has remained in the government's hands even though banks have gained more autonomy...