Central Huijin Investment Co., Ltd. is a Chinese

investment company An investment company is a financial institution principally engaged in holding, managing and investing securities. These companies in the United States are regulated by the U.S. Securities and Exchange Commission and must be registered under the ...

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.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. 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.

History

Central Huijin Investment was acquired from the

State Administration of Foreign Exchange The State Administration of Foreign Exchange (SAFE) of the People's Republic of China is an administrative agency under the State Council tasked with drafting rules and regulations governing foreign exchange market activities, and managing the s ...

by the China Investment Corporation for roughly $67 billion.Jamil Anderlini
China investment arm emerges from shadows
Financial Times, 5 January 2008.

Governance

Board of Directors

Ding Xuedong Ding Xuedong (born February 1960) is the current Deputy Secretary-General of the State Council of the People's Republic of China. He was the Chairman & CEO of China Investment Corporation previously. Ding holds a Ph.D. in economics from the Rese ...

(Chairman & CEO) *Li Jiange (Vice Chairman) *Bai Tao (Executive Director and President)

Subsidiaries

* Central Huijin Asset Management (100%) * China Jianyin Investment (100%) * China Everbright Group ** Everbright Securities **

China Everbright Limited China Everbright Limited is a Hong Kong-based financial services company in asset management, investment and merchant bank in the Greater China region, including Mainland China and Hong Kong. It is part of the China Everbright Group, a state ...

China Everbright International China Everbright International Limited is a Hong Kong incorporated company that specialized in environmental resource management in mainland China. Its head office is the in Admiralty on Hong Kong Island. On the mainland it has offices in Beiji ...

** China Everbright Bank * China Galaxy Securities * China International Capital Corporation ** China Investment Securities

Investments

As of 31 December 2020, Central Huijin holds shares in 17 financial institutions:

China Development Bank The China Development Bank (CDB) () is a development bank in the People's Republic of China (PRC), led by a cabinet minister at the Governor level, under the direct jurisdiction of the State Council. As one of three policy banks in China, it ...

Industrial and Commercial Bank of China Industrial and Commercial Bank of China Limited (ICBC; ) is a Chinese multinational bank. Founded as a limited company on 1 January 1984, ICBC is a state-owned commercial bank. With capital provided by the Ministry of Finance of China, the ...

, 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 Shenwan Hongyuan () is a securities brokerage company in China which engages in the operation of large-scale comprehensive securities broking and trading services. The company was founded in 1996 and is headquartered in Xinjiang, China. History ...

, China International Capital Corporation, China Securities,

China Galaxy Asset Management China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...

Co. Ltd., and

Guotai Junan Investment Management Guotai or Guo Tai is the atonal pinyin romanization of various Chinese words and names, usually in reference to a traditional expression about a peaceful and prosperous era in a country's history. It may refer to: Business * Guotai Junan Securi ...

Co. Ltd. It owns majority stakes in all big four Chinese banks ( 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. ---- * China Pacific Insurance Group (1.22%) * New China Life Insurance (32.25%) * Ping An Insurance (2.65%) * CSC Financial (33.29%)

References

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External links

Central Huijin Investment
China Investment Corporation Investment companies of China Sovereign wealth funds Companies based in Beijing Financial services companies established in 2003 2003 establishments in China