Brief introduction of Shanghai Jiushi Company

Jiushi Company originated from "94 Special Project". 1On August 5, 1986, the State Council approved Shanghai to expand the utilization of foreign capital by means of self-borrowing and self-repayment, with the document "Guo Han (1986) No.94", so as to strengthen the construction of urban infrastructure, speed up industrial technological transformation, enhance the ability of earning foreign exchange through exports, and develop the tertiary industry and tourism. The scale of the first batch of foreign capital utilization increased by 3.2 billion US dollars, including 654.38+0.4 billion US dollars for urban infrastructure construction, 654.38+0.3 billion US dollars for industrial technological transformation, and 500 million US dollars for tertiary industry and tourism. This policy is called "94 Special Project". In order to ensure the smooth operation of the "94 Special Project", the Shanghai Municipal Government made a major decision at that time: trying to use economic means to raise, adjust and manage the funds of the "94 Special Project" by setting up a special economic entity. 1987 12.30, Shanghai Jiushi Company came into being and was named "94" homophonic.