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Guided by government planning, adhere to the alliance, rely on the advantages of each shareholder unit, follow the laws and development trends of information construction, and actively promote the construction of Shanghai information port in accordance with the market-oriented operation mode. The company has successively implemented a number of cross-industry and inter-departmental strategic and layout major projects and some functional and demonstration projects in Shanghai's informatization construction. The investment fields involve information infrastructure and operation, e-commerce and value-added services, software and system integration, and venture capital in IT field. In 2000, the company completed the construction task of Shanghai No.1 major project-the main project of Shanghai Information Port, which made due contributions to improving Shanghai's comprehensive competitiveness and promoting economic and social development.
Since its establishment five years ago, Shanghai Trust and Investment Co., Ltd. has adhered to the unity of social benefits and economic benefits, and promoted the economic and social informatization construction in Shanghai with good investment benefits; Adhere to the long-term development of enterprises and the unity of current interests, strive to create greater value for shareholders, and steadily improve the operating efficiency of enterprises. At the end of 2002, the company's total assets reached 3.27 billion yuan, including net assets of 944 million yuan and profit of 3.51.
55 thousand. In July, 2000, Shanghai Trust successfully introduced Hong Kong listed company Shanghai Industrial Holdings Co., Ltd. as a strategic investor, and the registered capital of the company increased from 300 million yuan to 375 million yuan. Construction and operation of the world's largest CATV metropolitan area network, covering about 2.4 million home users; Construction and operation of the second largest information and communication pipeline network in Shanghai; And made a strategic investment in Shanghai Xintian Communication Co., Ltd., the first Sino-foreign joint venture telecom service company in China. Shanghai Trust & Investment Company has also successfully completed the construction of urban information service projects such as personal credit joint credit information system, digital certificate authentication system and "big customs clearance" platform, and initially established the Shanghai port electronic payment platform and "PayPass" platform for inter-bank electronic payment and personal electronic payment respectively, creating a good information application environment for the development of e-government and e-commerce in Shanghai.