Shanghai Jiushi Group


Shanghai Jiushi Co., Ltd. is a Chinese state-owned enterprise. It was supervised by the State-owned Assets Supervision and Administration Commission of the Shanghai Municipal People's Government.
Jiushi is the parent of several public transport companies of Shanghai, including the operator of Shanghai Public Transport Card, as well as equity investments in several listed companies based in Shanghai. The company also has a subsidiary that was the organizer of Chinese Grand Prix which was held in Shanghai International Circuit.
WWW jiushi.com.cn

History

In 1986, Shanghai Government was allowed to use a maximum of US$3.2 billion foreign currencies through borrowings which was the catalyst of establishing Shanghai Jiushi Corporation. According to the company, the name is a wordplay on 94, which was the issue number of the document of the State Council regarding the use of such foreign currencies. The company was incorporated on 12 December 1987 under the Law on Industrial Enterprises Owned by the Whole People. The Company Law of China was legislated in 1993.
Jiushi Group used the fund in Shanghai Metro, as well as other projects such as the renovation of Shanghai Hongqiao Airport.
In 2015 the company was re-incorporated as Shanghai Jiushi Co., Ltd., under the Company Law of China.

Subsidiaries

Equity investments