The first Shanghai state-owned asset mixed ownership reform "specialized, refined, unique, and new" project will be completed for investment within this year. Industrial and Commercial Bank of China and Shanghai State owned Investment Corporation will cooperate strategically in the economy | Industry | Shanghai
On August 11, 2023, the Industrial Fund Service System Press Conference of Industrial and Commercial Bank of China and the signing ceremony of a series of strategic cooperation agreements between Industrial and Commercial Bank of China and Shanghai State Investment Corporation were held in Shanghai.
At the signing ceremony, Industrial and Commercial Bank of China Shanghai Branch signed a strategic cooperation agreement with Shanghai State Investment Corporation, supported by the industrial fund service system, innovated the cooperation model of equity investment funds, leveraged the advantages of state-owned capital investment platforms and financial services, and effectively supported the development of the three leading industries and six key industries. Shanghai State owned Assets Management Fund has also signed strategic cooperation agreements with ICBC Investment and Futeng Capital and ICBC Capital, respectively. Subsequently, the Industrial and Commercial Bank of China Shanghai Branch and Shanghai State owned Investment Corporation will actively promote the completion of the first Shanghai state-owned mixed ownership reform "specialized, refined, and innovative" project within the year.
It is reported that Industrial and Commercial Bank of China has always attached great importance to and strongly supported the economic and social development of Shanghai. The decision to release the industrial fund service system for the first time in Shanghai is an innovative achievement of Industrial and Commercial Bank of China's practice of serving the real economy and implementing the concept of high-quality development. At the same time, strengthening cooperation between banks and cities can increase the precision of financial support for technological innovation, promote the development of strategic emerging industries through diversified financial products and services, and contribute to Shanghai's strengthening of the "four major functions" and the construction of the "five centers", accelerating the improvement of urban level and core competitiveness. In the future, Industrial and Commercial Bank of China will continue to integrate into and serve the high-quality development of Shanghai's economy, provide diversified relay financial services for Shanghai to build a modern industrial system, and make greater efforts to assist in industrial optimization and upgrading and the development of the real economy. Shanghai will continue to create a favorable financial ecosystem and provide more services for various financial institutions to develop in Shanghai.
Xie Dong, Vice Mayor of Shanghai, and Zhang Wenwu, Member of the Party Committee and Vice President of Industrial and Commercial Bank of China, attended the event and delivered speeches.