In 2015, with the background of Central Government carrying SOE reforms, STEC completely took over all listed state-owned assets, new content and new image from Shanghai Urban Construction Group, after getting approval from Shanghai Municipal Government. STEC took this advantage and got fully prepared to build a better future for cities and began a new innovation journey, to realize the enterprise mission “Upholding a City Dream, Creating an Ideal Life”.

based on the strategy “To be the construction expert in financial field and the financial expert in construction field”, the percentage of general integrated projects increased significantly with a batch of orders signed in a short time, such as Nanchang Chaoyang Bridge, first phase project of Huai’an modern tram and Changsha Wanjiali Elevated Highway, which were built by “Integrated” mode including investment, construction, operation and maintenance. Integrating advantages of “Whole Industry Chain” and the identity of “Integrated Service Provider” gained STEC a bigger reputation on the market. 

STEC’s “Two-way Cross-border RMB Cash Pooling” was established in Shanghai Pilot Free Trade Zone. Funding channels between domestic and overseas enterprises were opened, achieving unified management on overseas RMB. It laid a solid foundation for the company to push the expansion on overseas markets by global operation mode.

the total volume of orders for STEC’s large tunnel projects in a year reached almost nearly ten billion yuan. 9 large tunnels including Shanghai North Cross Channel, Shanghai Along the River Channel, Zhuhai Hengqin No.3 Channel, Wuhan Sanyang Tunnel and Hangzhou Qianjiang Tunnel were either completed or under construction at the same time. While leading the market in traditional field, STEC invested more than 70% in domestic tram industry, contracted to build 20 metro lines and the total distance reaching more than 390 kilometers. New energy industry including PC and LNG also developed steadily. It opened up a new channel for STEC’s sustainable development. 

STEC held leaders’ conference and opening ceremony. Approved by Shanghai Municipal Government, STEC was officially upgraded to be managed by Shanghai State-owned Assets Commission. Non listed assets of original Shanghai Urban Construction Group were managed by STEC on behalf. STEC opened a new page in its reform and development.

STEC unveiled its new brand logo and held flag-raising ceremony, which officially marked the use of the new logo and new flag of the company. 19 subsidiaries and enterprise members from 8 segments of STEC became the new STEC on that day sharing the same vision under the same blue flag. They fight shoulder-to-shoulder and started a new journey with “Integration and Great Progress”.