The 3rd Board of Directors of SDIC convened its 23rd session meeting on November 12, 2021. SDIC Chairman Bai Tao presided the session meeting and board directors Wang Haibo, Cao Peixi, Yang Xianghai, Sun Chengming, Li Jun, Tan Xinghui and Guo Zhongjie attended the meeting. Zhou Ying, an official from the Second Section, First Bureau for the Administration of Corporate Executives, the State-owned Assets Supervision and Administration Commission of the State Council, SDIC Deputy General Manager Du Wenmin, SDIC Deputy General Manager Yang Xiaohui, SDIC Board Secretary Li Baolin and General Counsel Ma Hongyan attended the meeting in a non-voting capacity.

At the session, the Board of Directors heard, discussed and adopted the Measures on Comprehensive Risk Control of the State Development and Investment Corporation Ltd..

At the session, the Board of Directors believed that strengthening comprehensive risk management is an important move to implement the decisions and work arrangement of the CPC Central Committee on preventing and defusing major risks and to carry out the related requirements from higher level supervision and administrative departments, and also an inexorable demand for the corporation to effectively deal with the complicated and volatile domestic and international situations and to further improve management. The adoption of the Measures on Comprehensive Risk Control indicates the establishment of the corporation's comprehensive risk control system, which is an important system innovation for the corporation and even for the central SOEs and, with SDIC being as a model of SOE reform corporation, is of demonstration meaning.

It is required that first, the new “1 + N” risk control system should be issued for thorough implementation as soon as possible; second, information technology should be used to build a risk control information system that adapts to conditions of businesses and increase time effectiveness of risk control; and third, professional risk prevention and control ability of the entire group should be further improved so as to hold firmly the bottom line of no significant risks.

At the session meeting, the Board of Directors also discussed and adopted other matters.