Financial Services - Shanghai, , China
Shanghai International Group (SIG) is a large State owned financial holding group in China. By 2011, SIG has total assets of RMB 112 billion, manage assets of RMB 910 billion, and control assets of over RMB 3 trillion. SIG performs three major functions, investment and holding, capital operation, and state-owned asset management. Since its incorporation, SIG has been expanding its operation in the field of financial investment, and become the largest shareholder of Shanghai Pudong Development Bank, Shanghai Rural Commercial Bank, Guotai Junan Securities, Anxin Agricultural Insurance and Dazhong Insurance. It has formed a joint venture, China International Fund Management with JP Morgan, and another joint venture which is the first inter-dealer broker in China, Tullett Prebon SITICO, with Tullett Prebon (Europe) . SIG incorporated companies including HuaAn Fund Management, Shanghai Guosheng Pawn, Shanghai Re-guarantee, and Shanghai Equity Depository and Exchange Center. Meanwhile, it incorporated GP Capital, and has successfully raised and manages Shanghai Financial Sector Investment Fund. It also has established Shanghai Prosperity Fund Management, Sailing Capital Management, Shanghai Real Power Emerging Industry Fund, and Shanghai Shipping Industry Fund. Other subsidiaries of SIG include Shanghai International Trust, Shanghai Securities, Shanghai State-owned Assets Operation Co., SIG Asset Management Co., SIG Financial Services Co., SIG Venture Capital, etc