Shanghai Jiushi Group
{{Short description|State-owned company in Shanghai}}
{{Infobox company
| name = Shanghai Jiushi Group
| logo =
| logo_size =70px
| logo_alt =
| logo_caption =
| logo_padding =
| image = Jiushi Tower (20250611133826).jpg
| image_size =
| image_alt =
| image_caption = Headquarters
| type = state-owned enterprise
| industry = holding company
| founded = {{start date|1987|12|12|df=yes}}
| founder = Shanghai Municipal People's Government
| former_name = Shanghai Jiushi Corporation
| hq_location = Jiushi Tower, 28 Zhongshan Rd (S)
| hq_location_city = Shanghai
| hq_location_country = China
| area_served = Shanghai
| num_locations =
| num_locations_year =
| num_employees =
| num_employees_year =
| key_people =
| brands =
| services =
| revenue ={{nochange}} {{CNY|link=yes|18.6 billion}}
| revenue_year = 2015
| operating_income = {{nochange}} {{fontcolor|red|({{CNY|14.9 billion}})}}
| income_year = 2015
| net_income = {{increase}} {{CNY|559.0 million}}
| net_income_year = 2015
| assets = {{increase}} {{CNY|405.1 billion}}
| assets_year = 2015
| equity = {{increase}} {{CNY|132.6 billion}}
| equity_year = 2015
| owner = Shanghai Government (100%)
| parent = Shanghai SASAC
| subsid =
| website = {{URL|http://www.jiushi.com.cn}}
| footnotes = in a consolidated basis{{cite web|url=http://www.chinamoney.com.cn/fe/Info/21167410|script-title=zh:2015年年度报告|trans-title=2015 Annual Report|date=29 April 2016|publisher=Shanghai Jiushi Group|via=chinamoney.com.cn|language=zh-cn}} {{dead link|date=November 2018}}
}}
{{Infobox Chinese
|title=Shanghai Jiushi (Group) Co., Ltd.
|s=上海久事（集团）有限公司
|t=上海久事（集團）有限公司
|p=Shànghǎi jiǔshì (jítuán) yǒuxiàn gōngsī
|altname=Shanghai Jiushi
|s2=上海久事
|t2=上海久事
|p2=Shànghǎi jiǔshì
|altname3= Jiushi Group
|s3=久事集团
|t3=久事集團
|p3=jiǔshì jítuán
|order=st
}}
Shanghai Jiushi (Group) Co., Ltd. is a Chinese state-owned enterprise. It was supervised by the State-owned Assets Supervision and Administration Commission (SASAC) of the Shanghai Municipal People's Government.
Jiushi is the parent of several public transport companies of Shanghai, including the operator of Shanghai Public Transport Card, as well as equity investments in several listed companies based in Shanghai. The company also has a subsidiary that was the organizer of Chinese Grand Prix which was held in Shanghai International Circuit.{{cite web|url=http://www.jiushi.com.cn/about.aspx?id=2|title=About us|access-date=21 October 2016|publisher=Shanghai Jiushi Group|language=Chinese|archive-date=21 October 2016|archive-url=https://web.archive.org/web/20161021173315/http://www.jiushi.com.cn/about.aspx?id=2|url-status=live}}
History
In 1986, Shanghai Government was allowed to use a maximum of US$3.2 billion foreign currencies through borrowings{{cite journal|url=http://www.gov.cn/zhengce/content/2012-12/31/content_5287.htm|script-title=zh:国务院关于上海市扩大利用外资规模的批复|date=5 August 1986|access-date=21 October 2016|orig-year=digital version published on 31 December 2012|journal=国函|volume=1986|issue=94|publisher=中华人民共和国国务院 [State Council of the People's Republic of China]|language=zh-cn|publication-place=Beijing|archive-date=22 October 2016|archive-url=https://web.archive.org/web/20161022023423/http://www.gov.cn/zhengce/content/2012-12/31/content_5287.htm|url-status=live}} which was the catalyst of establishing Shanghai Jiushi Corporation ({{zh|c=上海久事公司}}). According to the company, the name {{zh|c=久事|p=Jiǔshì|labels=no}} is a wordplay on 94 ({{zh|p=Jiǔsì}}), which was the issue number of the document of the State Council regarding the use of such foreign currencies.{{cite web|url=http://www.jiushi.com.cn/walkjiushi/jianjie/|script-title=zh:集团简介|trans-title=about us|publisher=Shanghai Jiushi Group|language=zh-cn|access-date=13 November 2018|archive-date=14 November 2018|archive-url=https://web.archive.org/web/20181114060947/http://www.jiushi.com.cn/walkjiushi/jianjie/|url-status=live}} The company was incorporated on 12 December 1987 under the Law on Industrial Enterprises Owned by the Whole People ({{zh|s=全民所有制工业企业法}}). The Company Law of China was legislated in 1993.
Jiushi Group used the fund in Shanghai Metro, as well as other projects such as the renovation of Shanghai Hongqiao Airport.{{cite news|url=http://www.chinanews.com/cj/2018/10-17/8652287.shtml|script-title=zh:上海首创扩大利用外资建设城市|date=17 October 2018|newspaper=新民晚报|via=chinanews.com|language=zh-cn|access-date=18 November 2018|archive-date=21 April 2021|archive-url=https://web.archive.org/web/20210421150403/http://www.chinanews.com/cj/2018/10-17/8652287.shtml|url-status=live}}
In 2015 the company was re-incorporated as Shanghai Jiushi (Group) Co., Ltd., under the Company Law of China.{{cite press release|url=http://www.jiushi.com.cn/newsshow.aspx?classid=&id=393|script-title=zh:上海久事（集团）有限公司举行揭牌仪式|date=1 December 2015|access-date=21 October 2016|publisher=Shanghai Jiushi Group|language=zh-cn|publication-place=Shanghai|archive-date=22 October 2016|archive-url=https://web.archive.org/web/20161022024459/http://www.jiushi.com.cn/newsshow.aspx?classid=&id=393|url-status=dead}}
Subsidiaries
{{more citations needed section|date=November 2018}}
- {{ill|Shanghai Jiushi Public Transportation Group|zh|上海久事公交集团}} (Former Ba-shi (Group), 100%)
- Shanghai Shen-Tie Investment (99.72%)
- Shanghai Shentong Metro Group (66.57%)
- Shanghai Shentong Metro ({{SSE|600834}}, 58.43%)
- Qiangsheng Holding ({{SSE|600662}}, 48.00%)
- Shanghai International Circuit (92%){{cite web|url=http://www.icsh.sh.cn/html/gysic/55.html|script-title=zh:股东单位介绍|access-date=25 October 2016|publisher=Shanghai International Circuit|language=Chinese|archive-date=25 October 2016|archive-url=https://web.archive.org/web/20161025115822/http://www.icsh.sh.cn/html/gysic/55.html|url-status=live}}
- Shanghai Transportation Investment (Group) Ltd
- Shanghai New Union Building Co., Ltd.
- Shanghai Jiushi Properties Co., Ltd.
- Shanghai Jiushi Investment Management Co., Ltd.
{{incomplete list|date=October 2016}}
Equity investments
- China Pacific Insurance Company (2.77%){{cite book|url=http://www3.hkexnews.hk/listedco/listconews/SEHK/2016/0427/LTN201604271626.pdf|title=2015 Annual Report|date=27 April 2016|access-date=20 October 2016|publisher=China Pacific Insurance Company|via=Hong Kong Exchanges and Clearing website|archive-date=21 October 2016|archive-url=https://web.archive.org/web/20161021001327/http://www.hkexnews.hk/listedco/listconews/SEHK/2016/0427/LTN201604271626.pdf|url-status=live}}
- Shanghai International Port Group (0.40%){{cite book|url=http://static.sse.com.cn/disclosure/listedinfo/announcement/c/2016-03-29/600018_2015_n.pdf|script-title=zh:2015年年度报告|trans-title=2015 Annual Report|date=29 March 2016|access-date=21 October 2016|publisher=Shanghai International Port Group|via=Shanghai Stock Exchange website|language=zh-cn|archive-date=22 October 2016|archive-url=https://web.archive.org/web/20161022090307/http://static.sse.com.cn/disclosure/listedinfo/announcement/c/2016-03-29/600018_2015_n.pdf|url-status=live}}
{{incomplete list|date=October 2016}}
See also
- Shanghai Construction Group, fellow city-owned enterprise
- Shanghai Municipal Investment Group, fellow city-owned enterprise
References
{{reflist}}