On December 16th, auction industry colleagues across the country gathered together in Beijing to attend the China Auction Industry Convention 2019, with a theme of “Fusion, Win-win cooperation, Development.” The conference analyzed the trend of macroeconomics, shared typical experiences, connected cooperation resources, discussed the solution for auction companies to accelerate the innovation of system and mechanism, the conversion of old to new industries, accomplish the healthy intensification, scale, and sustainability development of the industry that correspond more to market discipline and law of value, while unifying the service and benefit, so as to lead the whole industry into the new ecology of cross-boundary fusion and the new era of technical intelligence.
Mr. ZHANG Bin, associate counsel of the Department of Circulation Industry Development in the Ministry of Commerce, is making a speech.
Mr. HUANG Xiaojian, director of China Association of Auctioneers, is making a speech.
Mr. FENG Mingqiang, president of SICA, is making a speech in the theme part of the conference
Almost 500 people attended the conference, who were from the superior administrative units such as Ministry of Commerce, the State Administration for Market Regulation and the General Administration of Customs and the Supreme People’s Court, as well as from other related cooperative partners like research institutes, financial institutions, and industry associations. Mr. ZHANG Bin, associate counsel of the Department of Circulation Industry Development in the Ministry of Commerce, and Mr. HUANG Xiaojian, director of China Association of Auctioneers made speeches in the conference. In the theme part of the conference, Mr. FENG Mingqiang, president of SICA, shared the company’s history and model of development from the angles of scientific management and innovative transformation.
SICA won three awards from the China Auction Industry
Mr. PEI Xin (Second from Left), assistant to president of SCIA, represents the company to receive the award.
The 2019 Annual Award Ceremony of the Auction Industry and the public service activity for targeted poverty alleviation were held in the evening of the conference. SICA won the China Auction Industry Annual Market Influence Award, the China Auction Industry Annual Tax Creation Award, and the China Auction Industry Annual Public Welfare Award.
Shanghai International Commodity Auction Company(SICA) has been founded for 31 years. As a renowned comprehensive auction company, the business areas of SICA include judicial compulsory auction, treatment of state-owned asset, liquidation of bankrupt property, state-owned land transfer, non-performing loans disposal of financial institutions, etc. The auction lots include physical assets, real estates, vehicle equipments, cultural artworks, equities, intangible assets, etc.
The exterior of SICA
The Third Floor Auction Hall of SICA
SICA has the honor to witness the struggling yet flourishing history of the China Auction Industry after China’s economic reform and open up. In the meantime, the company actively practice the concept of innovative development, while continuously expanding new business markets and business fields, improving management model, and enhancing brand effect in the developing process. We created numerous typical auction cases, worked as a bridge in the integration and circulation of social resources, and contributed positively to the improvement of industry level and influence. In 2018, the auction revenue reached 16.611 billion yuan. Thirty one years since the establishment, SICA has held more than 3600 auctions and the total revenue has exceeded 140 billion yuan. The annual transaction amount always remains the top in comprehensive auction companies across the country.
As new market hits continuously emerges, SICA is seizing the chance to promote the innovative strategy of internationalization, platfomization, and professionalization, devoting to creating a communicative and interactive platform for high-quality lots and resources during Chinese and western cultural collision, and offering help in the “five-center” construction in Shanghai and the Belt and Road initiative. SICA is striving to become the centenary flagship company in the Chinese auction industry.