This includes investment, financing and operation management, and owns most of the assets of Shanghai Metro.

As a consequence, on 29 June 2001 Shentong Metro Group acquired Shanghai Lingqiao Tap Water Co., Ltd. (Chinese: 上海凌桥自来水股份有限公司) and renamed it on 25 July 2001 to Shanghai Shentong Metro Co., Ltd (Chinese: 上海地铁股份有限公司).

The company received huge subsidies in order to provide affordable transport in Shanghai.

Shentong Metro became the first listed company in mainland China to engage in rail transit investment and operation.

At present, the company consists of the headquarters and 4 subordinate subsidiaries: The predecessor of Shentong Metro, Shanghai Lingqiao Tap Water Co., Ltd. (Chinese: 上海凌桥自来水股份有限公司), was established on 12 June 1992.

On 24 May 2019, the company completed a major asset restructuring, sold Shanghai Shentong Metro Line 1 Development Co., Ltd. (valued at 1.767 billion yuan) to Shentong Metro Group, and acquired from Shentong Metro Group the 51% of Shanghai Keolis Public Transportation Operation Management Co., Ltd. (100% valued at 104 million yuan; 51% valued at 53.04 million yuan).