China Securities Network News (Reporter Wang Ke) On January 5, as confirmed by the China Securities News reporter to relevant sources, Shimao Group announced a new round of structural adjustments to integrate functional departments and regional functional departments at the group headquarters; centralize investment management and abolish investment functions at the regional and lower levels; and the audit and procurement of regional and regional companies will be directly managed by the Group. In terms of regional set-up, the former Zhejiang regional company was abolished, the central China company was upgraded, and the jurisdiction of some projects of the Shanghai and Soviet regional companies was re-divided. Shimao Group said the move was to proactively respond to changes in the macroeconomic and industry environment and enhance the company's adaptability and competitiveness to the market.