Shao Yaliang Met Consul-General of the Grand Duchy of Luxembourg in Shanghai
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On the morning of 22 Nov, a party led by Mr. Luc Decker, Consul-General and Mrs. Vi Nguyen, Vice Consul of the Grand Duchy of Luxembourg in Shanghai visited SIG. SIG’s President Mr.Shao Yaliang received them with the company of President of Sailing Capital, Liu Xiaodong and Head of SIG Administrative Department, Ma Haiyan.
Following a welcome address to the party, Mr. Shao made an introduction of SIG, which is Shanghai’s most massive holding vehicle of financial assets. SIG is engaged in the businesses of banking and trusting, securities and funds, financial services and insurance, asset management, overseas practices, industrial investments, etc. Meanwhile, SIG is the major shareholder of gigantic financial institutions, namely Shanghai Pudong Development Bank, Guotai Junan Securities Corporation, etc. The total assets under management of SIG hit 1118.487 billion yuan by the end of 2012. A handful of private equity funds have been initiated by SIG lately, such as Sailing Capital.
Mr. Luc Decker depicts that located in the northwest Europe, the Grand Duchy of Luxembourg serves as one of European portals. Finance, the mainstay industry of Luxembourg, attaches great importance to the country’s economy. The loans and deposits in RMB currency in the Grand Duchy of Luxembourg ranks the highest amongst European countries at present. It could be concluded that the Grand Duchy of Luxembourg is an entrance to European market for Chinese enterprises as well as a RMB fund hub in Europe. Mr. Luc Decker is eager to further impel the cooperation between Luxembourg and SIG with a goal of inviting more Chinese enterprises to invest in Europe as SIG and its affiliate Sailing International Fund spring up in the overseas market.
With great interests in the financial market of Luxembourg, Mr. Liu Xiaodong put forth his desire for good investment referrals by Mr. Luc Decker. Sailing Capital is going to set up a research on the investing policies in Luxembourg. The company is expecting a synergy mechanism during further cooperation between the two parties.
