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|Tuesday, May 09, 2000, updated at 09:53(GMT+8)|
Shanghai International Group Co. EstablishedApproved by the Shanghai Municipal government, the Shanghai International Group Co.Ltd, was officially opened on May 8.
This is a major step taken by Shanghai to deepen the reform of state-owned enterprises and regulate trust businesses, according to senior Shanghai municipal government officials.
With a registered capital of 5 billion yuan, the company is authorized by the Shanghai Municipal government to engage in state- owned assets and state-owned equities management and capital operation. Its business scope covers investment in trust business, securities, pillar industries and the development of the Pudong New Area.
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