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SIG held an expert argumentation meeting on new-round three-year action plan (2020-2022) on the morning of December 8. Yuan Quan, Deputy Director of the Shanghai Municipal State-owned Assets Supervision and Administration Commission (SHSASAC); Bao Jie, Director of the Planning Office of SHSASAC; and 5 experts from relevant municipal departments and research institutes attended the meeting. Yu Beihua, Secretary of the CPC SIG Committee and Chairman of the Board of Directors; Liu Xinyi, Vice Secretary of the CPC SIG Committee and President of SIG; as well as relevant staff of the Department of Strategic Development were present.

The experts listened to an introduction to the formulation and main content of SIG's three-year action plan, thinking the plan implements the spirit of the 5th Plenary Session of 19th CPC Central Committee and the 10th Plenary Session of the 11th CPC Shanghai Municipal Committee, and reflects the requirements of implementing the new development concept, serving the new development pattern and advancing high-quality development. With a clear overall idea, accurate situation judgment and targeted goals, the plan provides a scientific basis for the future reform and development of SIG.

Yuan spoke highly of SIG's results in serving major municipal strategies and state-owned assets and enterprise reform, hoping that SIG would align itself with the highest standards and level, continue to deepen reform and innovation, and further intensify talent training and team building, to make new contributions to Shanghai accelerating the building of a central node in the domestic cycle and a strategic link between the domestic cycle and the international cycle.

Yu said the leaders and experts offered valuable opinions and suggestions to provide strong support for further revising and improving the plan. 2020-2022 is a key period of implementing the arrangements of the CPC Shanghai Municipal Committee and the Shanghai Municipal People's Government, as well as the requirements of the CPC Committee and Discipline Inspection Commission of SHSASAC, creating a new prospect for reform, innovation and transformational development and restarting on the basis of serving major municipal strategies. SIG will seriously implement the spirit of General Secretary Xi Jinping's important speech at the Celebration of the 30th Anniversary of the Development and Opening-up of Pudong, implement the new development concept, serve the new development pattern, advance the "dual engine" strategy of state-owned capital operation and investment management led by financial holding group building, and endeavor to create a new pattern for the high-quality development of SIG.

With focus on Shanghai's state-owned assets and enterprise reform, major municipal strategies, as well as its primary responsibility and business, SIG will advance work in key fields and links such as financial holding group building, the functional deepening of state-owned assets platforms, investment management level improvement, risk control system improvement, and incentive and restraint mechanism reform, improve the level of market-oriented and specialized management, and comprehensively enhance the core competitiveness, brand reputation and social influence of SIG, said Liu.