Shanghai International Port Group
Chinese government owned port operator
From Wikipedia, the free encyclopedia
Shanghai International Port (Group) Co., Ltd. (SIPG) is the exclusive operator of all the public terminals in the Port of Shanghai. It is a majority state-owned company and a component of SSE 180 Index[1] as well as CSI 300 Index and sub-index CSI 100 Index.[2]
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| Type | Public; state-owned | ||||||
|---|---|---|---|---|---|---|---|
| Industry | Port operations and management | ||||||
| Founded | 2003 | ||||||
| Headquarters | , China | ||||||
Area served | China | ||||||
Key people | Gu Jinshan (chairman) | ||||||
| Revenue | 0 renminbi (2018)  | ||||||
| Owner | Shanghai Government (61.07%) | ||||||
| Chinese name | |||||||
| Simplified Chinese | 上海国际港务（集团）股份有限公司 | ||||||
| Traditional Chinese | 上海國際港務（集團）股份有限公司 | ||||||
| Hanyu Pinyin | Shànghǎi Guójì Gǎngwù (Jítuán) Gǔfèn Yǒuxiàn Gōngsī | ||||||
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| short name | |||||||
| Simplified Chinese | 上港集团 | ||||||
| Traditional Chinese | 上港集團 | ||||||
| Hanyu Pinyin | Shànggǎng Jítuán | ||||||
| Literal meaning | shang[hai]-port group | ||||||
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| Website | www | ||||||
Its headquarters are located in SIPG Cruise City, 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.
