Shanghai Trading Group's State-owned Assets Sub-group Sets New Records for Number and Amount of Orders for Purchasing Transactions at the CIIE

Jinshi Data, Nov 7th, from the Shanghai State-owned Assets Supervision and Administration Commission, it was learned that at this CIIE, the procurement transaction volume and amount of the Shanghai Trade Group State-owned Assets Subgroup reached a new high, with 136 intended procurement transactions and an intended procurement amount of $2.837 billion, with 7 enterprises including SAIC Group, Orient International, Shangshi Group, and Shanghai Electric intending to procure over $100 million. At the same time, the state-owned assets subgroup fully leveraged the overflow effect of the CIIE to facilitate a group of structurally superior, innovative, high-quality joint venture cooperation projects in the fields of innovation ecology, high-quality consumption, cross-border services, and green low-carbon, landing in Shanghai. It is reported that the cumulative intended procurement amount reached over $19.6 billion for the Shanghai State-owned Assets Subgroup in the seven CIIEs.