Tsinghua Holdings

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Tsinghua Holdings
State-owned enterprise
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%)
Tsinghua University(direct)
the Ministry of Education(intermediate)
the State Council of China(ultimate)
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 of China. The company was established as an in-house asset management company for Tsinghua's subsidiaries that were established in 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]


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]


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 51% owned by Tsinghua Holdings and 49% owned by Beijing Jiankun Investment Group; this latter group is controlled by Zhao Weiguo who is also chairman and CEO of Tsinghua Unigroup. In late 2013 it made two acquisitions (Spreadtrum and RDA Microelectronics) each of which involved a payment larger than its market cap, suggesting that it is acting on behalf of a fund elsewhere[citation needed]. This is believed to be part of a Chinese-government attempt to consolidate the fabless semiconductor sector.[11] In April 2016, Tsinghua Unigroup announced it accumulated a roughly 6 percent stake in Portland, Ore.-based Lattice Semiconductor through share purchases on the open market.[12] In Nov. 30, 2016 Tsinghua Unigroup Ltd. announced an agreement to form a joint-venture with ChipMOS Taiwan.


Unisplendour was one of the components merged into Tsinghua Holdings when it was created; it was founded in 1988 and renamed Unisplendour in 1993. It now appears to be another conglomerate, doing everything from operating a hotel at the East Gate of Tsinghua University[13] to doing large-scale software development for municipal and provincial governments across China, constructing infrastructure for highways, and producing scanners, laptops and digital cameras.[14] In 2015, Unisplendour acquired 15% of Western Digital, expanding into the storage market as well.[15]


  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. ^ Junko Yoshida. "Merger Pits Mysterious Tsinghua Unigroup vs. MediaTek". www.eetimes.com. Retrieved 2014-01-11.
  12. ^ By Eva Dou and Robert McMillan, The Wall Street Journal. “China’s Tsinghua Unigroup Buys Small Stake in U.S. Chip Maker Lattice.” April 14, 2016. April 15, 2016.
  13. ^ "Tsinghua Unisplendour International Center Beijing". Retrieved 2014-01-11.
  14. ^ "Unisplendour Corporation Limited". Retrieved 2014-01-11.
  15. ^ "China's Tsinghua to buy Western Digital stake in U.S. tech push". Retrieved 2015-09-30.

External links[edit]