| Formerly | Chinese :上海市城市建设投资开发总公司 |
|---|---|
| Company type | State-owned enterprise |
| Industry |
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| 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. | ||||||
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| Shanghai Chengtou | |||||||
| Simplified Chinese | 上海城投 | ||||||
| Literal meaning | Shanghai Municipal Investment | ||||||
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Shanghai Municipal Investment (Group) Corporation, [a] also known as Shanghai Chengtou, [b] is a municipal 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.
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 September 2023,the Shanghai Municipal Investment Group announced that an internal department for local militia liaison would be established in the company and run by the People's Liberation Army's Shanghai garrison. [8]
SMI partnered with American Extell Development to build the $3 billion Central Park Tower in New York City,which was finished in December 2021. [14] [15] [16] In March 2023,an consortium of firms including SMI started building a $2.8 billion skyscraper in Puxi,Shanghai. The building is planned to be finished in 2030. [17] [18]