Central Huijin Investment
|Founded||Beijing, China (2003 )|
|People's Republic of China|
(Chairman & CEO)
|Parent||China Investment Corporation|
|Central Huijin Investment Co., Ltd.|
|Literal meaning||Central Foreign Exchange Investment Company Limited|
Central Huijin Investment Co., Ltd. is a Chinese investment company owned by the government of the People's Republic of China. Established in 2003, it became a wholly owned subsidiary of China Investment Corporation, with its own Board of Directors and Board of Supervisors. Central Huijin's principal shareholder rights are exercised on behalf of the State Council. Central Huijin is an organization by which the Chinese government can act as a shareholder for the "big four" state owned banks, thereby improving corporate governance and initiating reforms of the banking industry.
Board of Directors
- Ding Xuedong (Chairman & CEO)
- Li Jiange (Vice Chairman)
- Bai Tao (Executive Director and President)
- As of 31 December 2015
- Central Huijin Asset Management (100%)
- China Jianyin Investment (100%)
- China Everbright Group
- China Galaxy Securities
- China International Capital Corporation
As of 31 December 2020, Central Huijin holds shares in 17 financial institutions: China Development Bank, Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, China Everbright Group, Hengfeng Bank, China Export & Credit Insurance Corporation, China Reinsurance (Group) Corporation, New China Life Insurance Co., China Jianyin Investment Ltd., China Galaxy Financial Holdings Co. Ltd., Shenwan Hongyuan Group, China International Capital Corporation, China Securities, China Galaxy Asset Management Co. Ltd., and Guotai Junan Investment Management Co. Ltd.
It owns majority stakes in all big four Chinese banks (Bank of China, Industrial and Commercial Bank of China, China Construction Bank, and Agricultural Bank of China), but does not own shares in the smaller joint-stock commercial banks which are largely owned by local governments.
- As of 31 December 2015
- China Pacific Insurance Group (1.22%)
- New China Life Insurance (32.25%)
- Ping An Insurance (2.65%)
- CSC Financial (33.29%)
- Gao Jie (2013): China's Bank Reform and the Roles of Sovereign Wealth Fund, in Hummel, Detlev (Ed.): The Euro Financial Crisis. Impacts on Banking, Capital Markets, and Regulation. Report of the International Workshop in Potsdam on July 20/21, 2012. Universitätsverlag Potsdam, p.77-9.
- Gao Jie (2013), p. 79.
- Inside CCB Archived 2007-09-29 at the Wayback Machine
- Jamil Anderlini, China investment arm emerges from shadows, Financial Times, 5 January 2008.
- "中国光大集团股份公司2016年度第一期中期票据发行文件" [China Everbright Group 2016 lot 1 medium term bond issue document]. China Everbright Group. archive of Shanghai Clearing House. 30 August 2016. Retrieved 18 October 2016.
- "2016 Interim Report" (PDF). Everbright Securities. archive of Hong Kong Stock Exchange. 26 September 2016. Retrieved 17 October 2016.
- "2015 Annual Report" (PDF). China Everbright Bank. archive of Hong Kong Stock Exchange. 29 April 2016. Retrieved 17 October 2016.
- "2015 Annual Report" (PDF). China Pacific Insurance. Hong Kong Stock Exchange. 27 April 2016. Retrieved 20 October 2016.
- "2015 Annual Report" (PDF). New China Life Insurance. Hong Kong Stock Exchange. 21 April 2016. Retrieved 7 January 2017.
- "2015 Annual Report" (PDF). Ping An Insurance. Hong Kong Stock Exchange. 29 March 2016. Retrieved 20 October 2016.
- "Pospectus" (PDF). CSC Financial. Hong Kong Stock Exchange. 29 November 2016. Retrieved 29 November 2016.