The company adheres to the orientation of government investment, takes government projects as the main investment direction, actively raises domestic and foreign funds, participates in and completes major project investment planned by the government, and gives play to the guiding and driving role of state-owned capital. The company is committed to the construction and management of urban infrastructure with the mode of "government projects and market-oriented operation", and has made positive contributions to Shanghai's economic and social development.
1990, the municipal government decided to merge Shanghai Jiushi Company with Shanghai Shishi Company, which increased the function of managing financial resources on behalf of the municipal government and became a new and more powerful Shanghai Jiushi Company.
1992, with the approval of the municipal government, Shanghai Jiushi Company changed from a business to an enterprise, and implemented a management system of self-management, self-financing, self-discipline and self-development. 1August, 1999, the former Shanghai Bund Housing Replacement Co., Ltd. was merged into Jiushi Company, and the presence of classic buildings on the Bund further strengthened the company's strength.
In the second half of 2005, in order to deepen the reform of urban traffic management system, the municipal government successively transferred the party and government affiliation and asset relationship of five key bus companies, including Shanghai Traffic Investment (Group) Co., Ltd., Shanghai Bus Industry (Group) Co., Ltd., Shanghai Johnson & Johnson Group Co., Ltd., Shanghai Wuqi Guanzhong Traffic Co., Ltd. and Shanghai Modern Traffic Construction and Development Co., Ltd. to Shanghai Jiushi Company.
In March 2009, according to the overall arrangement of the new round of public transport reform in Shanghai, the company established Shanghai Public Transport Bus (Group) Co., Ltd. wholly-owned, with bus lines and vehicles accounting for about 60% of the city's share. Through acquisition, reorganization and asset injection, the company manages the ground bus in Puxi area and Jinshan, Chongming and Fengxian areas in a unified way. In recent years, the Beijing-Shanghai high-speed railway, Shanghai-Nanjing intercity railway and Shanghai-Hangzhou passenger dedicated line invested by the company have been completed and opened to traffic one after another; Successfully held the China Grand Prix with F 1 and the Tennis Masters Series with ATP 1000; The company's two major taxi brands, Johnson & Johnson and bus integration; The company invested with * *, a subordinate unit of the Municipal Tourism Bureau, and successfully issued the "Shanghai City Tourist Card" which integrates "food, housing, transportation, shopping and entertainment"; The company and Jinjiang International Group jointly invested in the comprehensive development project of the Bund plot, and the Bund waldorf was completed and opened.
Since its establishment more than 20 years ago, the company has directly raised more than 90 billion yuan, including 654.38+06 billion US dollars of foreign capital and 63 billion yuan of domestic loans. Five corporate bonds and/kloc-0 medium-term notes have been issued successively, raising 654.38+0.2 billion yuan. In addition, indirect financing of 30.5 billion yuan was provided through guarantees.
While ensuring the capital demand of major projects, with the care and support of the municipal government and relevant departments, the company insists on repaying the principal and interest on time every year, establishes a good market image, has an excellent reputation for financing, has accumulated rich experience in capital operation and management, and has trained a professional talent team.
After long-term exploration and development, the company has gradually formed a set of investment and financing management mode suitable for China, which is protracted and has the characteristics of the project. According to the requirements of the municipal party committee and the municipal government and the positioning of the company, the company has determined the goal and task of "ensuring one key point, building three brands, realizing two optimizations and embodying two benefits". That is, focus on ensuring the completion of the investment and financing tasks of government-planned projects; Carefully build the leading brand of public transport industry, the brand of protection, development and utilization of century classic buildings on the Bund, and the brand of event culture; Optimize asset structure and management mode; While embodying social benefits, we should maximize economic benefits. It will develop Jiushi into one of the first-class state-owned investment holding companies in China and become the most comprehensive competitive enterprise in Shanghai.