Shanghai Municipal Investment Group


Shanghai Municipal Investment Corporation, also known as Shanghai Chengtou, is a municipal wealth fund of the Shanghai Municipal People's Government. It is one of the major shareholders of Greenland Holdings, as well as another listed company Shanghai SMI Holding. The group owned a minority interest in Shentong Metro Group.
The group is the investor of Shanghai [Yangtze River Tunnel and Bridge|Shanghai Yangtze River Bridge], under a subsidiary for 60% stake directly and 40% indirectly. SMI Holding was a constituent of SSE 180 Index and its sub-index SSE MidCap Index.

History

In September 2023, the Shanghai Municipal Investment Group announced that an internal department for local militia liaison would be established in the company and run by the People's Liberation Army's Shanghai garrison.

Subsidiaries

  • Shanghai SMI Holding
  • * Shanghai Yangtze River Tunnel and Bridge Construction and Development
  • *
  • Shanghai SMI Water Group
  • Shanghai SMI Assets Group
  • Shanghai SMI Environmental Industry
  • Shanghai Laogang Waste Utilization
  • SMI USA, a U.S. subsidiary

Equity interests and Investments

SMI partnered with American Extell Development to build the $3 billion Central Park Tower in New York City, which was finished in December 2021. In March 2023, an consortium of firms including SMI started building a $2.8 billion skyscraper in Puxi, Shanghai. The building is planned to be finished in 2030.