Type state-owned enterprise Founder Shanghai Government Headquarters Shanghai, China Founded 12 December 1987 Total assets 405.1 billion CNY (2015) | Industry holding company Area served Shanghai Revenue 18.6 billion CNY (2015) Net income 559 million CNY (2015) Total equity 132.6 billion CNY (2015) | |
Formerly called Shanghai Jiushi Corporation Operating income | ||
Shanghai Jiushi (Group) Co., Ltd. is a Chinese state-owned enterprise. It was supervised by the State-owned Assets Supervision and Administration Commission (SASAC) of the Government of Shanghai City.
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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.
History
In 1986, Shanghai Government was allowed to use US$3.2 billion foreign reserve as investment, which was the catalyst of establishing Shanghai Jiushi Corporation (Chinese: 上海久事公司), which was incorporated on 12 December 1987. The corporation was established under the Law on Industrial Enterprises Owned by the Whole People (Chinese: 全民所有制工业企业法). (The legislation of the Company Law of China was in 1993).
In 2015 the company was re-incorporated as Shanghai Jiushi (Group) Co., Ltd., under the Company Law of China.