Tsinghua Holdings

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Tsinghua Holdings Corp., Ltd.
Native name
清华控股有限公司
TypeState-owned enterprise
Founded2001
Headquarters
Beijing
,
China
Area served
mainland China
Key people
Xu Jinghong(Chairman)
Long Dawei(Vice-Chairman & Party Committee Secretary)
Zhou Liye(President)
RevenueIncrease CN¥70.539 billion (2015)
Increase CN¥4.594 billion (2015)
Increase CN¥1.514 billion (2015)
Total assetsIncrease CN¥207.227 billion (2015)
Total equityIncrease CN¥17.729 billion (2015)
OwnerTsinghua University (100%)
Parent
Tsinghua University(direct)
the Ministry of Education(intermediate)
the State Council of China(ultimate)
Websitewww.thholding.com.cn
Footnotes / references
in a consolidated basis, excluding minority interest[1]
Tsinghua Holdings Corp., Ltd.
Simplified Chinese清华控股有限公司

Tsinghua Holdings Corp., Ltd. is a wholly owned subsidiary of Tsinghua University, itself a public university in China. The company was established as an in-house asset management company for Tsinghua's subsidiaries that were established in the 1990s by the technology transfer of research to business.

Company officials[edit]

Hu Haifeng, the son of then Chinese President and General Secretary of the Communist Party Hu Jintao, was appointed in 2009 as the Party Committee Secretary of Tsinghua Holdings.[citation needed]

The current Party Committee Secretary of Tsinghua Holdings was Long Dawei (Chinese: 龙大伟),[2] which also served as the vice-chairman. The current chairman was Xu Jinghong (Chinese: 徐井宏).[3]

Rong Yonglin (Chinese: 荣泳霖) was the former chairman of the holding.[4]

History[edit]

Tsinghua Holdings was formally formed in 2003 (though preliminarily tested in 2001)[5] in response to the 2001 policy of separating universities and university-owned enterprises;[6] all the shares of subsidiaries of Tsinghua University were transferred to Tsinghua Holdings. Announced by State Council of China in 2001, the plan aimed to separate ownership and management of holdings, bring on professional business managers, and separate assets of operating business and non-operating business. The university itself did not invest in other companies directly thereafter, but through the holding companies. The role of the university is to supervisor holding companies via nominating the board of directors with oversight for business plans, major investments, salary structure and other roles.[7]

The predecessor of Tsinghua Holdings, Beijing Tsinghua University Enterprise Group ( Chinese: 北京清华大学企业集团; pinyin: Běijng Qīnghuá Dàxué Qǐyè Jítuán), was incorporated on 26 August 1992. The university used an established company to become a new holding company in 2001 for its subsidiaries.[clarification needed] According to 2010 Annual Report of Tsinghua Holdings, some assets unrelated to its business scope were transferred back to the university.[8]

Subsidiaries[edit]

Chengzhi Shareholding[edit]

Chengzhi Co., Ltd was set up in Jiangxi province; its controlling shareholder is Tsinghua Holdings, and it was part of the corporate structure used in the acquisition of Shijiashuang Yongsheng Huatsing Liquid Crystal Co.[9]

Tsing Capital[edit]

Tsing Capital describes itself as the exclusive clean tech venture capital arm of Tsinghua Holdings.[10]

Tsinghua Tongfang[edit]

Tsinghua Tongfang Co., Ltd. is widely involved in consumer electronics and energy, with interests ranging from software outsourcing, through the manufacture of PC hardware, to the use of fly ash and the manufacture of LEDs. A particular field was the Nuctech Container Inspection System.

Tsinghua Unigroup[edit]

Tsinghua Unigroup is a fabless semiconductor company that is 51 percent owned by Tsinghua Holdings and 49 percent owned by Beijing Jiankun Investment Group; the latter is led by Tsinghua Unigroup chairman and CEO Zhao Weiguo. In December 2013, it acquired Spreadtrum, now Unisoc,[11] then acquired RDA Microelectronics in 2014.[12] In 2016, Tsinghua Unigroup, Hubei Province and the Chinese national "Big Fund" invested in Yangtze Memory Technologies.[13] The $24 billion project employs about 6,000 people, with offices in Shanghai, Beijing and Silicon Valley.[14] In 2017, Tsinghua Unigroup formed Shanghai JV, a joint-venture with ChipMOS of Taiwan.[15] In 2019, it formed a subsidiary to produce DRAM memory chips.[16]

References[edit]

  1. ^ "2015 Annual Report" (PDF) (in Chinese). Tsinghua Holdings. 13 July 2016. Retrieved 7 February 2017.
  2. ^ "清华控股党委" (in Chinese). Tsinghua Holdings. Retrieved 7 February 2017.
  3. ^ "公司治理" (in Chinese). Tsinghua Holdings. Retrieved 7 February 2017.
  4. ^ 大浪淘尽 唯余清欢——访清华大学原校长助理、清华控股有限公司原董事长荣泳霖 (in Chinese)
  5. ^ "关于同意北京大学清华大学设立北大资产经营有限公司和清华控股有限责任公司的复函" (in Chinese). General Office of the State Council of China. 24 April 2003. Retrieved 7 February 2017.
  6. ^ Wong, Poh Kam (2011). Academic Entrepreneurship in Asia: The Role and Impact of Universities in National Innovation Systems. Edward Elgar. ISBN 978-1-84980-307-6.
  7. ^ "关于北京大学清华大学规范校办企业管理体制试点问题的通知" (in Chinese). General Office of the State Council of China. 1 November 2001. Retrieved 7 February 2017.
  8. ^ 清华控股有限公司2013年度第二期中期票据发行披露材料
  9. ^ Liu, Chengwei (2010). Chinese Capital Market Takeover and Restructuring Guide. Kluwer Law. ISBN 978-9041132109.
  10. ^ "About Tsinghua Holdings". Retrieved 2014-01-11.
  11. ^ "Spreadtrum Communications Agrees to $1.78 Billion Takeover". The Wall Street Journal. Retrieved 21 November 2020.
  12. ^ "Qualcomm's Problems Just Got Worse As China Builds Chip Giant". forbes.com. Retrieved 21 November 2020.
  13. ^ "A Chinese firm made a memory chip that can compete with Samsung. What's next". technode.com. Retrieved 21 November 2020.
  14. ^ "How China's chip industry defied the coronavirus lockdown". Nikkei Asia. Retrieved 21 November 2020.
  15. ^ "ChipMOS Milestone". chipmos.com. ChipMOS. Retrieved 21 November 2020.
  16. ^ "Amid U.S. tech squeeze, China's Tsinghua Unigroup forms new DRAM chip unit". Reuters. Retrieved 21 November 2020.

External links[edit]