Central Huijin Investment
| Company type | State-owned enterprise |
|---|---|
| Industry | Investment company |
| Founded | Beijing, China (2003) |
| Headquarters | , |
Area served | People's Republic of China |
Key people | Ding Xuedong (Chairman & CEO) |
Number of employees | 15 - 19[citation needed] |
| Parent | China Investment Corporation |
| Website | www.huijin-inv.cn |
Central Huijin Investment Ltd. (Chinese: 中央汇金投资有限责任公司; pinyin: ZhōngYāng HuìJīn TóuZī YǒuXiàn ZéRèn Gōng Sī) is a Chinese investment company owned by the government of the People's Republic of China. It is 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 by the State Council.[citation needed] 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.[1]
History
Central Huijin Investment was acquired from the State Administration of Foreign Exchange by the China Investment Corporation for roughly $67 billion.[2]
Governance
Board of Directors
- Ding Xuedong (Chairman & CEO)
- Li Jiange (Vice Chairman)
- Bai Tao (Executive Director and President)
Subsidiaries
- As of 31 December 2015
- Central Huijin Asset Management (100%)
- China Everbright Group[3]
Investments
 | This section needs to be updated. (August 2009) |
Currently, Central Huijin holds shares in several financial institutions: China Development Bank, Industrial and Commercial Bank of China, Bank of China, China Construction Bank, China Everbright Bank, China Reinsurance (Group) Corporation, China Jianyin Investment Limited, China Galaxy Securities Co., Shenwan Hongyuan Group, New China Life Insurance and Guotai Junan Securities Co.
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%)[6]
- Ping An Insurance (2.65%)[7]
- CSC Financial (40%)
References
- ^ Inside CCB
- ^ 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. archive of Shanghai Clearing House. 30 August 2016. Retrieved 18 October 2016.
{{cite web}}: Unknown parameter|trans_title=ignored (|trans-title=suggested) (help) - ^ "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. archive of Hong Kong Stock Exchange. 27 April 2016. Retrieved 20 October 2016.
- ^ "2015 Annual Report" (PDF). Ping An Insurance. archive of Hong Kong Stock Exchange. 29 March 2016. Retrieved 20 October 2016.