Shanghai International Port Group

Shanghai International Port (Group) Co., Ltd. (SIPG) is the exclusive operator of all the public terminals in the Port of Shanghai. It is a component of SSE 180 Index[1] as well as CSI 300 Index and sub-index CSI 100 Index.[2]

Not to be confused with Shanghai International Group.
For the football club the company owns, see Shanghai Port F.C.
"Shanggang" redirects here. For the steel company of Shanghai (Shàng-gāng), see Baowu. For the port, see Port of Shanghai.

Shanghai International Port (Group) Co., Ltd.
TypePublic
IndustryPort operations and management
Founded2003
Headquarters
Shanghai
,
China
Area served
China
Key people
Gu Jinshan (chairman)
Revenue38,042,540,000 renminbi (2018) Edit this on Wikidata
OwnerShanghai Government (61.07%)
Chinese name
Simplified Chinese上海国际港务（集团）股份有限公司
Traditional Chinese上海國際港務（集團）股份有限公司
Hanyu PinyinShànghǎi Guójì Gǎngwù (Jítuán) Gǔfèn Yǒuxiàn Gōngsī
short name
Simplified Chinese上港集团
Traditional Chinese上港集團
Hanyu PinyinShànggǎng Jítuán
Literal meaningshang[hai]-port group
Websitewww.portshanghai.com.cn

Its headquarters are located in SIPG Cruise City, Hongkou District, Shanghai, but the registered address is located in the Shanghai Free-Trade Zone, Pudong District, Shanghai.[3]

Overseas operations

In 2015, SIPG won the bid for the concession to operate the port of Haifa's new Bay Terminal in Israel for 25 years starting in 2021.[4]

Football

The company owns and operates the professional football club Shanghai Port. In 2018, they became the Chinese national champions by winning the 2018 edition of the Chinese Super League.[5]

Equity investments

Shanghai International Port is one of the major shareholders of the Bank of Shanghai.[6][7]

SIPG is also a cornerstone investor of the Postal Savings Bank of China (PSBC) on the eve of PSBC's H share IPO.[8] As of 31 December 2019, SIPG still owned PSBC's A and H ordinary shares directly or indirectly: 16.87% of all H ordinary shares of the bank, or equivalent to 3.89% of all classes of the ordinary shares, as well as 0.17% of A ordinary shares, or equivalent to 0.13% of all classes of the ordinary shares.[9]

SIPG also partnered with COSCO Shipping to acquire the stake of OOIL, the parent company of OOCL.

References
  1. "公司概况" (in Chinese). Shanghai Stock Exchange. Retrieved July 19, 2017.
  2. "成份列表" (in Chinese). China Securities Index. Retrieved July 19, 2017.
  3. 上海国际港务（集团）股份有限公司600018 (in Chinese (China)). Shanghai Stock Exchange. Retrieved November 29, 2020.
  4. Avi Bar-Eli (March 24, 2015). "Chinese company to run new Haifa port". Haaretz.com. Retrieved November 29, 2020.
  5. "Shanghai SIPG win first CSL title". the-afc.com. November 8, 2018. Retrieved January 27, 2021.
  6. 2015 Annual Report (PDF) (Report) (in Chinese (China)). Bank of Shanghai. September 23, 2016. Retrieved November 11, 2016.
  7. 上港集团增持上海银行292.5万股. Shanghai Securities News (in Chinese (China)). August 1, 2019. Retrieved November 29, 2020.
  8. "SIPG raises $1 bln in bonds exchangeable into China Postal Bank shares-IFR". Reuters.com. July 27, 2017. Retrieved November 29, 2020.
  9. 2019年度報告 (H股) [2019 Annual Report (H share)] (PDF) (Report) (in Chinese (Hong Kong)). Postal Savings Bank of China. April 23, 2020. p. 119. Retrieved November 29, 2020.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.