Shanghai International Port Group Explained

Shanghai International Port Group should not be confused with Shanghai International Group.

Shanghai International Port (Group) Co., Ltd.
Type:Public
Foundation:2003
Location City:Shanghai
Location Country:China
Key People:Gu Jinshan (chairman)
Area Served:China
Industry:Port operations and management
Owner:Shanghai Government (61.07%)

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]

Its headquarters are located in, 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.

Notes and References

  1. Web site: 公司概况. 19 July 2017. Shanghai Stock Exchange. zh.
  2. Web site: 成份列表 . 19 July 2017. China Securities Index. zh.
  3. Web site: http://www.sse.com.cn/assortment/stock/list/info/company/index.shtml?COMPANY_CODE=600018. zh:上海国际港务(集团)股份有限公司600018. November 29, 2020. zh-cn. Shanghai Stock Exchange.
  4. News: Chinese company to run new Haifa port. Haaretz.com. Avi Bar-Eli. March 24, 2015. November 29, 2020. subscription .
  5. Web site: Shanghai SIPG win first CSL title . the-afc.com . 27 January 2021 . 8 November 2018.
  6. 2015 Annual Report. September 23, 2016. November 11, 2016. Bank of Shanghai. zh-cn.
  7. News: http://news.cnstock.com/news,bwkx-201908-4410380.htm. zh:上港集团增持上海银行292.5万股. Shanghai Securities News. August 1, 2019. November 29, 2020. zh-cn.
  8. News: SIPG raises $1 bln in bonds exchangeable into China Postal Bank shares-IFR. July 27, 2017. November 29, 2020. Reuters.com.
  9. http://www.psbc.com/data/tosend/resource/upload/2019nb-c.pdf. zh:2019年度報告 (H股). 2019 Annual Report (H share). April 23, 2020. November 29, 2020. Postal Savings Bank of China. zh-hk. 119.