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Shanghai Government Approved Establishment of Shanghai Data Group Company
Shanghai Government Approved Establishment of Shanghai Data Group Company
ISSUING AUTHORITY:
Shanghai Municipal People’s Government
DATE OF ISSUANCE:
June 3, 2022
On June 3, 2022, the Shanghai Municipal People's Government issued the approval it made on May 23 for the Shanghai State-owned Assets Supervision and Administration Commission (Shanghai SASAC) to establish Shanghai Data Group Company.
The establishment was part of the 2022 plan made for the reform and development of local state-owned enterprises in Shanghai, which represents Shanghai SASAC’s intention to optimize its layout and contribute to the city’s growth. The move is especially beneficial and important to development of local strategic industries such as integrated circuits and artificial intelligence.
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