Company development process
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.
In July 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 Shanghai Traffic Investment (Group) Co., Ltd., Shanghai Public Transport Industry (Group) Co., Ltd., Shanghai Johnson & Johnson Group Co., Ltd., Shanghai Wuqi Guanzhong Transportation Co., Ltd., Shanghai Modern Traffic Construction and Development Co., Ltd. and Shanghai Shentong Metro Group Co., Ltd. to Shanghai Jiushi Company.
In March 2009, according to the overall arrangement of the new round of public transport reform in Shanghai, Shanghai Public Transport Co., Ltd. was wholly-owned by the company to manage the ground public transport in Puxi area and Jinshan, Chongming and Fengxian areas in a unified way through acquisition, reorganization and asset injection.
Company location
According to the 11th Five-Year Plan and the positioning of the company, the company has determined the objectives and tasks of "ensuring one key point, building three brands, realizing two optimizations and reflecting 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. Eventually, Jiushi will develop into one of the first-class state-owned investment holding companies in China and the most comprehensive competitive enterprise in Shanghai.
Company size
The company has 9 headquarters 1, and 8 secondary enterprises with party and government relations, namely Shanghai Communications Investment (Group) Co., Ltd., Shanghai Public Transport (Group) Co., Ltd., Shanghai Johnson & Johnson Group Co., Ltd., Shanghai Shentong Metro Group Co., Ltd., Shanghai Shen Tie Investment Co., Ltd., Shanghai International Circuit Co., Ltd., Shanghai Jiushi International Competition Management Co., Ltd., and other investments. There are more than 300 subordinate enterprises, mainly concentrated in the bus industry.