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The SIG 2019 Financial Work Summary Meeting & 2020 Key Work Arrangement Meeting took place on the afternoon of June 18. Guan Wei, Vice President of SIG and Chief Finance Officer of SIG, hosted the meeting. Present were relevant staff members of the Department of Financial Management of SIG, as well as leaders in charge of finance and heads of finance from SIG's subsidiaries.

The meeting summarized the overall situation of final accounting of the SIG system and problems existing in budgeting and final accounting in 2019, and arranged the key financial work in 2020. The meeting conveyed the spirit of the financial work seminar of the Shanghai Municipal State-owned Assets Supervision and Administration Commission (SHSASAC) in the first quarter, and noted that state-owned enterprises should enhance stance at present, stabilize expectations and operations, seize up the situation, and go all out to achieve their business targets in 2020 while conducting epidemic prevention and control. The subsidiaries reported their recent financial work, and exchanged ideas on annual key work, future work arrangements and other issues.

Guan raised requirements for the financial work of the SIG system in 2020 in three aspects: firstly, the system should attach great importance to the work, comprehensively address existing financial problems, correct defects of internal control, further optimize budgeting and final accounting, and improve financial risk management; secondly, the system should implement the work vigorously, fulfill its key financial work in 2020, and complete key work including the switch to new rules for new financial instruments and management accounting research; lastly, the system should enhance stance, comprehensively improve its capability of financial management and control, keep optimizing the model of financial management and control based on the strategic development of SIG and its subsidiaries as required by the "five-in-one" financial management and control system proposed by SHSASAC, strengthen communication and coordination, fulfill the financial management work of SIG, strengthen the talent team building in the system's financial sector, improve SIG's overall capability of financial management, drive SIG to build a financial holding group and improve the mechanism of market-oriented operation and management.