Our Story
Shanghai is currently undergoing a critical period of innovation and transformation.
To build Shanghai into a beautiful and comfortable home is the expectation of the local people, and the vision of both the former and the incumbent leaders of the CPC Shanghai Municipal Committee and the Municipal Government. Since the 1990s, with the concerted effort of its people, Shanghai has been advancing urban construction and renovation on a large scale. As a result, a modern infrastructure system has been shaped; urban landscape has been made anew; people’s living condition and ecological environment has been improved; and the city’s comprehensive service function has been strengthened. Shanghai, as a modern and internal metropolis, has acquired great splendor and vigor.
During the process of urban development in Shanghai, a number of state-owned investment companies, among which Shanghai Municipal Investment acts as a bellwether, worked under the guideline of the overall plan, striving to make outstanding contribution in the areas of key and large infrastructure construction and ecological environment improvement.
SMI’s twenty years of construction and development broadens the city’s vision and cultivates its confidence and calmness; twenty year’s endeavors and achievements enable the city to prosper than ever before and pulse with the spirit of the age. As a powerful seed sown in the past, SMI has witnessed the tremendous changes of the city, merged into the history of Shanghai, and become a standard-bearer of city’s innovation. In the process of improving urban infrastructure for transportation, water utilities, city appearance, and living environment, SMI has carried on the past experience and committed to making innovations and exploring new paths ahead. Continuously transcending its past achievements, the company reassures the government and satisfies the citizens.
About SMI
Founded in 1992, Shanghai Municipal Investment (hereinafter referred as “SMI” or the “Company”) is now the largest state-owned enterprise in Shanghai. SMI currently has two publicly listed subsidiaries as well as 23 private affiliates and subsidiaries. With more than 20,000 employees, the Company thrives in tandem with Shanghai city’s infrastructural plannings, investments, constructions and operational agendas. As of the end of 2014 fiscal year, the Company has a net asset of $67.2 billion.
The centerpiece of SMI’s business comprises four areas-bridges and tunnels, water, environment, and properties. The Company is committed to its corporate philosophy of “Better City, Better Life” by centering investment themes on transforming and improving the life of its citizens. For more than 20 years, SMI serves as the answer to various challenges posed by 26 million people living in Shanghai and the neighboring cities. To alleviate the infrastructural constraints, the company has successfully executed 80 mega projects spanning from comprehensive reconstruction of the Bund to Shanghai Yangtze River Tunnel and Bridge, to Qing Cao Sha Water Plant and to Sinan Mansions. In addition, the company has completed more than 2,000 sustainable projects to date and is currently in the process of finalizing the cornerstone project, the Shanghai Tower. When completed, the universal acclaimed Shanghai Tower would be the biggest man-made structure in the world measured by gross floor area. Thanks to its relentless pursuit of perfection and high standards, SMI has earned a host of international accolades and support from public and private stakeholders.
Since its inception, SMI has established an impeccable brand reputation by empowering its people and offering them with indispensable living frameworks. Going forward, the Company envisions shouldering an increasing social responsibility as an active global citizen. For more information, visit www.smiusa-co.com.