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2022-05-22

SIG and Its Three Subsidiaries Enter "White List" of Shanghai's First Financial Institutions to Resume Work

Recently the "white list" of Shanghai's first financial institutions to resume work has been rolled out. SIG was on the list along with its three subsidiaries: Shanghai State-Owned Assets Management Co., Ltd. (SSAM), SIG Asset Management Co., Ltd. (SIGAM) and Shanghai SITICO Assets Management Co., Ltd. (SAM).

According to the Guide of Shanghai Municipality on Epidemic Prevention and Control in Work Resumption, the Implementation Plan of Shanghai Municipality for Continuously Consolidating the Outcomes of Epidemic Prevention and Control and Advancing Work Resumption in an Orderly Way, the Work Plan for Advancing the Sustained and Steady Operation of Financial Institutions in Shanghai and other documents released by the Shanghai Municipal Work Leading Group on Epidemic Prevention and Control, on a dynamic, necessary, minimum and progressive basis, SIG has resumed centralized office work progressively. Based on their facts, SIG and its three subsidiaries formulated their work resumption plans at the earliest possible time after taking into account the preparation of offices for epidemic control and production safety, the size of office and living space, life support for office staff and other factors. SIG has submitted its plan to the Jing'an Finance Office for preliminary review. Previously the plan of SSAM had been approved by the Xuhui District People's Government and the Xuhui Finance Bureau, and recently been subject to field supervision and inspection. SIGAM and SAM are improving their plans and will submit them according to the requirements of the local governments and SIG for work resumption.

According to the work requirements of "keeping the epidemic under control, stabilizing the economy and developing soundly", SIG will continue to coordinate epidemic control with business development, advance epidemic control, work resumption and safe production in parallel, so as to consolidate the hard-won outcomes of epidemic control.

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