Shanghai Municipal Investment (Group) Corporation also known as Shanghai Chengtou (Chinese: 上海城投; pinyin: Shànghǎi Chéngtóu) or SMI is a Chinese sovereign wealth fund of the Shanghai Municipal People's Government. It is one of the major shareholders of Greenland Holdings (for 20.55% shares), as well as another listed company Shanghai SMI Holding (SSE: 600649). The group owned a minority interest (33.43% stake) in Shentong Metro Group.
| Formerly | Chinese: 上海市城市建设投资开发总公司 |
|---|---|
| Company type | State-owned enterprise |
| Industry |
|
| Founded | 21 July 1992 |
| Founder | Shanghai Municipal People's Government |
| Headquarters | , China |
Key people | Jiang Shujie (Chairman & Party Committee Secretary)[1] |
| Products |
|
| Owner | Shanghai Municipal People's Government (100%) |
| Parent | Shanghai SASAC |
| Subsidiaries | SMI Holding (46.46%)[2] |
| Website | www |
| Footnotes / references in consolidated financial statement[3] | |
| Shanghai Municipal Investment (Group) Corporation | |||||||
|---|---|---|---|---|---|---|---|
| Simplified Chinese | 上海城投（集团）有限公司 | ||||||
| Literal meaning | Shanghai Municipal Investment (Group) Co., Ltd. | ||||||
| |||||||
| Shanghai Chengtou | |||||||
| Simplified Chinese | 上海城投 | ||||||
| Literal meaning | Shanghai Municipal Investment | ||||||
| |||||||
The group is the investor of Shanghai Yangtze River Bridge, under a subsidiary (Chinese: 上海城投公路投资集团)[3][4] for 60% stake directly[5] and 40% indirectly (via Chinese: 上海公路建设).[6]
SMI Holding was a constituent of SSE 180 Index[7] and its sub-index SSE MidCap Index. In 2023, the Shanghai Municipal Investment Group announced that an internal People’s Armed Forces department would be established in the company and run by the People's Liberation Army's Shanghai garrison.[8]
Subsidiaries
edit- As of 31 December 2016
- Shanghai SMI Holding (46.46%)[2]
- Chinese: 上海城投公路投资集团; lit. 'SMI Road Investment Group' (100%)[3]
- Shanghai Yangtze River Tunnel and Bridge Construction and Development (100%)
- Chinese: 上海公路建设; lit. 'Shanghai Road Construction' (100%)[3]
- Shanghai SMI Water Group[9] (Chinese: 上海城投水务集团) (100%)[3]
- Shanghai SMI Assets Group[10] (Chinese: 上海城投资产管理集团) (100%)[3]
- Chinese: 上海前卫实业 (100%)[3]
- Shanghai SMI Environmental Industry[11] (Chinese: 上海环境实业) (100%)[3]
- Chinese: 上海中心大厦建设发展; lit. 'Shanghai Tower Construction & Development' (51%)[3]
- Shanghai Laogang Waste Utilization[12] (Chinese: 上海老港固废综合开发) (100%)[3]
- Chinese: 上海长兴岛开发建设; lit. 'Changxing Island Development & Construction' (100%)[3]
- Chinese: 上海城投环保产业投资管理 (100%)[3]
- Chinese: 上海城投航道建设 (100%)[3]
- SMI USA, a U.S. subsidiary[13]
Equity interests
edit- As of 31 December 2016
- Bright Food (22.06%)[3]
- Greenland Holdings (20.55%)
- Shentong Metro Group (33.43%)
- Shanghai Shentong Metro Co., Ltd. (1.75% via SMI Holding, excluding shares owned by Shentong Metro Group)[2]
- Western Securities (15.09% via SMI Holding)[2]
See also
editReferences
edit- ^ "上海城投领导班子调整 蒋曙杰任党委书记、董事长". 东方网 (in Chinese). re-published by Sina. 19 April 2017. Archived from the original on 31 August 2017. Retrieved 30 August 2017.
- ^ a b c d "2017 Half-yearly Report" (PDF) (in Chinese). SMI Holding. 31 August 2017. Archived (PDF) from the original on 31 August 2017. Retrieved 31 August 2017.
- ^ a b c d e f g h i j k l m n "2016 Annual Report" (in Chinese). Shanghai Municipal Investment Group. 25 April 2017. Archived from the original on 31 August 2017. Retrieved 30 August 2017.
- ^ "G40公路长江大桥钢桥面铺装维修工程第一阶段顺利完工". 看看新闻 (in Chinese). re-published by Sina. 10 August 2017. Archived from the original on 31 August 2017. Retrieved 30 August 2017.
- ^ "上海市城市建设投资开发总公司 (Shanghai Urban Construction Investment and Development Corporation)" (in Chinese). Archived from the original on 2017-08-31. Retrieved 2017-08-30.
- ^ "上海长江隧桥建设发展有限公司" [Shanghai Yangtze River Tunnel and Bridge Construction and Development Co., Ltd.] (in Chinese). 上海市精神文明建设委员会办公室. Archived from the original on 30 August 2017. Retrieved 30 August 2017.
- ^ "公司概况 | 上海证券交易所". Archived from the original on 2017-08-31. Retrieved 2017-08-30.
- ^ "Big Chinese state-owned enterprises setting up army-linked militias". Radio Free Asia. October 3, 2023. Archived from the original on 2023-10-06. Retrieved 2023-10-07.
- ^ "Home". shanghaiwater.com. Archived from the original on 2023-10-06. Retrieved 2023-10-07.
- ^ "Home". smi-assets.com. Archived from the original on 2017-08-31. Retrieved 2023-10-07.
- ^ "Environmental Industry" (in Chinese). Archived from the original on 2014-12-19. Retrieved 2022-07-17.
- ^ "Home". laogang-development.com. Archived from the original on 2022-03-07. Retrieved 2023-10-07.
- ^ O'Connell, Jonathan; Fahrenthold, David A. (July 5, 2018). "As tariffs near, Trump's business empire retains ties to China". The Washington Post. Archived from the original on August 18, 2018.