From 2^ndto 3^rd Sept, SDIC held its Development Seminar 2020 in Beijing. SDIC Chairman Bai Tao delivered a speech. SDIC President Shi Hongxiang gave opening remarks. Vice President Qian Meng, CFO Li Ruge, Vice President Du Wenming and Yang Xiaohui and others attended the seminar.

During the seminar, persons in charge of different departments, subsidiaries and organizations gave guiding presentations focusing on 14 important aspects. Experts from the National Information Centre gave a lecture on the 14^thFive-year Plan of China. More than 80 representatives were divided into four groups to exchange ideas on the new blueprint of the 14^th Five-year Plan.

In his speech, Bai Tao pointed out that representatives had been listening attentively to the lecture on the blueprint of the 14^th Five-year Plan, expressed their own ideas and reached consensus. During the group discussion, they talked about their understanding and thinking, made clear work path, measures and enhanced their sense of responsibility, pressure and mission. Bai Tao said that SDIC would make the following breakthroughs in eight aspects.

1. integration of party building and SDIC’s central task

2. adaption to new changes and new development

3. strong headquarter with high efficiency and good coordination

4. striving for a sound environment for development

5. giving talents enough level-plain ground

6. deepening reform of differentiated management originated from mixed ownership

7. promoting business coordination

8. stream-ling business layout

Bai Tao briefed the audience on the performance of SDIC from Jan. to Aug. He said that SDIC’s performance during the first 8 months was better than expected with steady increase in revenue and profit. Most businesses had been restored to normal level with prominent contribution from key business units. To address the current problems, Bai Tao require that firstly, we should strengthen prediction and make sure we could fulfill that task of the year. Secondly, we should make clear responsibilities and control debt ratio. Thirdly, we should continue to press on works concerning quality and efficiency enhancement and loss control.

During the group discussion, representatives exchange ideas on reform, development and management enhancement.

During the workshop, representatives also had a chance to see the documentary about the development of SDIC.