Company profile of Shanghai Jiushi Company

Shanghai Jiushi Company is a state-owned investment and operation holding company. It was approved by the Shanghai Municipal People's Government in 1987 to organize the implementation of the State Council's Guohan (1986) No. 94 document. It is also a reform and innovation of the government's investment and financing system. product. The current registered capital is 25.27 billion yuan, with a credit rating of AAA.

The company adheres to the positioning of government investment entities and takes government projects as its main investment direction. By actively raising domestic and foreign funds, it participates in and completes investments in major projects planned by the government, giving full play to the guiding and driving role of state-owned capital. . The company is committed to the construction and management of urban infrastructure based on the model of "government projects and market-oriented operations", and has made positive contributions to the development of Shanghai's economy and society.

In 1990, the municipal government decided to merge Shanghai Jiushi Company with Shanghai Shishi Company, adding the function of managing financial resources on behalf of the municipal government, and becoming a new and more powerful Shanghai Jiushi Company.

In 1992, the municipal government approved the transformation of Shanghai Jiushi Company from a business to an enterprise, and implemented a management system of independent operation, responsibility for profits and losses, self-discipline, and self-development. In August 1999, the original Shanghai Bund Housing Replacement Co., Ltd. was merged into Jiushi Company. The entry of classic Bund buildings further enhanced the company's strength.

In the second half of 2005, in order to deepen the reform of the urban traffic management system, the municipal government merged Shanghai Communications Investment (Group) Co., Ltd., Shanghai Bus Industry (Group) Co., Ltd., Shanghai Johnson & Johnson Group Co., Ltd., and Shanghai Five The party and government affiliations and asset relationships of five key public transportation companies, including Qiguan Zhonggong *** Transportation Co., Ltd. and Shanghai Modern Transportation Construction and Development Co., Ltd., were successively transferred to Shanghai Jiushi Company.

In March 2009, according to the overall arrangement for a new round of public transportation reform in Shanghai, the company wholly established Shanghai Bus and Public Transport (Group) Co., Ltd., with bus lines and vehicles accounting for approximately 60% of the city’s share. Through acquisitions, reorganizations and asset injections, we will unifiedly operate ground buses in the Puxi area and Jinshan, Chongming and Fengxian areas. In recent years, the Beijing-Shanghai High-speed Railway, Shanghai-Nanjing Intercity and Shanghai-Hangzhou Railway Passenger Dedicated Lines in which the company participated have been completed and opened to traffic; the F1 China Grand Prix and the ATP1000 Tennis Masters Series have been successfully held continuously; the company's two major companies, "Johnson & Johnson" and "Bus" Taxi brands were integrated; the company jointly invested with ***, a unit of the Municipal Tourism Bureau, and successfully issued the "Shanghai Urban Travel Card" integrating "food, accommodation, transportation, travel, shopping and entertainment"; the company and Jinjiang International The Group jointly invested in a comprehensive development project on the Bund land, and the Waldorf Astoria Shanghai on the Bund was completed and opened.

Over the past 20 years since its establishment, the company has directly raised more than 90 billion yuan, including US$1.6 billion in foreign investment and more than 63 billion yuan in domestic loans. It has issued five corporate bonds and one medium-term note, raising 12 billion yuan. In addition, indirect financing of 30.5 billion yuan was provided through guarantees.

While ensuring the capital needs for major project construction, the company insists on repaying principal and interest on time every year with the care and support of the municipal government and relevant departments, establishing a good market image and excellent financing reputation. , and accumulated rich experience in capital operation and management, and cultivated a professional talent team.

After long-term exploration and development, the company has gradually formed a set of investment and financing management models that are in line with Chinese characteristics, suitable for Jiushi’s characteristics, and suitable for project characteristics. According to the requirements of the Municipal Party Committee and Municipal Government and the company's positioning, the company has determined the goal and task of "ensuring one focus, building three brands, achieving two optimizations, and reflecting two benefits". That means focusing on ensuring the completion of investment and financing tasks for government-planned projects; carefully building a leading brand in the public transportation industry, a brand for the protection, development and utilization of classic buildings on the Bund, and an event cultural brand; optimizing the asset structure and optimizing the management model; and achieving economic benefits while reflecting social benefits. of maximization. Develop Jiushi into one of the first-class state-owned investment and operation holding companies in China and the most comprehensively competitive in Shanghai.