June 28^th, to celebrate the 97^th birthday of the CPC, SDIC held its release conference for its Party Building Report (2013-2017) and Corporate Social Responsibility Report 2017. SDIC Chairman Wang Huisheng, SASAC Deputy Secretary-General Peng Huagang attended the conference and delivered speeches. SDIC President Shi Hongxiang released the CSR Report and interpreted Corporate Social Responsibility Report 2017. SDIC Vice President Qian Meng released Party Building Report (2013-2017).

This is the 10^th CSR Report of SDIC. As the only investment holding company among all the central SOEs, SDIC has always been exploring ways of fulfilling its social responsibility of investment companies. SDIC firstly put forward Wholehearted Initiative that made clear its new concept of social responsibility and its SR framework. 

Wang Huisheng said that it was SDIC’s new mission to match for the short board of people’s livelihood and guide the development of emerging industries. He said that the key task of a central SOE at the current stage was poverty alleviation. SDIC combined poverty alleviation through industrial development, intellectual input with overall management capacity of villages in a view to exploring targeted poverty alleviation mode that fitted in China’s conditions. SDIC innovated poverty alleviation through fund management. It took advantage of poverty alleviation fund to guide other capitals to invest in unique industries in poverty-stricken areas in a view to promoting the industrial development of poverty-stricken areas with marketizational way to achieve targeted poverty alleviation.

Wang Huisheng said that SDIC had released CSR Report for ten consecutive years for the purpose of disclosing its progress and achievement in fulfilling its commitment. It has put forward its CSR brand of Wholehearted Initiative, which has made clear its CSR framework in guiding the orientation of CSR practice, serving the national strategies, SDIC’s development and meeting the need for people’s better life.

Peng Huagang said that this was the 10^th year that SDIC released its CSR Report. The past ten years has witnessed the rapid development of SDIC. Its total assets grew from 175.8 billion yuan to 494.1 billion yuan. Its operation revenue grew from 42.1 billion yuan to 101.3 billion yuan. Its profit grew from 5 billion yuan to 18.2 billion yuan. It has got A-rating for 13 consecutive years in the annual performance assessment conducted by SASAC.

Shi Hongxiang interpreted the Wholehearted Initiative and released SDIC CSR Report 2017. He pointed out that SDIC for the first time put forward the idea of Wholehearted Initiative corresponding to SDIC’s political, economic, environmental, social, overseas responsibilities.

Huamg Qunhui gave his opinions on behalf of the third party. He said that the Report adhered to new times and new requirements, centred around the Wholeheartedness Initiative and the key national strategies, reflected SDIC’s practice and achievements in fulfilling its political, economic, social and environmental responsibility. It was a CSR Report full of novelty and sincerity.