China Everbright Limited is a Hong Kong-based
financial services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, acco ...
company in
asset management
Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...
,
investment
Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort.
In finance, the purpose of investing i ...
and
merchant bank
A merchant bank is historically a bank dealing in commercial loans and investment. In modern British usage it is the same as an investment bank. Merchant banks were the first modern banks and evolved from medieval merchants who traded in commodi ...
in the
Greater China
Greater China is an informal geographical area that shares commercial and cultural ties with the Han Chinese people. The notion of "Greater China" refers to the area that usually encompasses Mainland China, Hong Kong, Macau, and Taiwan in East A ...
region, including
Mainland China
"Mainland China" is a geopolitical term defined as the territory governed by the People's Republic of China (including islands like Hainan or Chongming), excluding dependent territories of the PRC, and other territories within Greater China. ...
and
Hong Kong
Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delt ...
. It is part of the
China Everbright Group
China Everbright Group is a Chinese state-owned enterprise. Everbright Group was a subsidiary (55.67 percent) of Central Huijin Investment. The Ministry of Finance of China owned the rest of the stake, which Central Huijin acquired on 8 December 2 ...
, a
state-owned enterprise
A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (econom ...
operated under the supervision of the
State Council of the People's Republic of China
The State Council, constitutionally synonymous with the Central People's Government since 1954 (particularly in relation to local governments), is the chief administrative authority of the People's Republic of China. It is chaired by the p ...
(via
Central Huijin Investment
Central Huijin Investment Co., Ltd. is a Chinese investment company owned by the Central People's Government, government of the People's Republic of China. Established in 2003, it became a wholly owned subsidiary of China Investment Corporation, w ...
and the
Ministry of Finance A ministry of finance is a part of the government in most countries that is responsible for matters related to the finance.
Lists of current ministries of finance
Named "Ministry"
* Ministry of Finance (Afghanistan)
* Ministry of Finance and Eco ...
).
China Everbright Limited is considered a
red chip
Red chip stocks () are the stocks of mainland China companies incorporated outside mainland China and listed in Hong Kong. It refers to businesses based in mainland China and with (majority) shares controlled either directly or indirectly by a ...
stock on the
Hong Kong Stock Exchange
The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is repor ...
.
History
The predecessor of the company was founded on 25 August 1972 in Hong Kong as Intercontinental Housing Development Limited, renamed
IHD Holdings in 1987. In 1994 it was taken over by
China Everbright Group
China Everbright Group is a Chinese state-owned enterprise. Everbright Group was a subsidiary (55.67 percent) of Central Huijin Investment. The Ministry of Finance of China owned the rest of the stake, which Central Huijin acquired on 8 December 2 ...
and renamed China Everbright-IHD Pacific Limited. On 18 July 1997, the business inherited from IHD was ended, the company was renamed China Everbright Limited, the current name. On the same day, a 20% stake of
China Everbright Bank
China Everbright Bank Co., Ltd. is one of twelve Chinese joint-stock commercial bank. Established in August 1992, it is a national joint-stock commercial bank approved by the State Council and approved by the People's Bank of China, headquarte ...
was injected from the parent company, China Everbright Group, followed by
International Bank of Asia
International is an adjective (also used as a noun) meaning "between nations".
International may also refer to:
Music Albums
* ''International'' (Kevin Michael album), 2011
* ''International'' (New Order album), 2002
* ''International'' (The T ...
on 2 August.
On 18 July 1999, Everbright Limited acquired a 49% stake of
Everbright Securities
Everbright Securities Company Limited is a securities brokerage by assets in China, controlled by state-owned enterprise, state-owned financial Conglomerate (company), conglomerate, China Everbright Group. It was founded in 1996 and is based in S ...
from the parent company.
[
In 2002, a 35% stake of Standard Life (Asia) Limited was sold to ]Standard Life
Standard Life is a life assurance, pensions and long-terms savings company in the UK which is owned by Phoenix Group.
History 1825–2010
The Standard Life Assurance Company was established in 1825 and was reincorporated as a mutual assurance ...
.[ In 2003, SeaBright Asset Management Limited was founded, a joint venture with Seagate Global Advisors ().][ In 2000s Everbright Limited acted as sponsor] in numbers of firm listing in Hong Kong Stock Exchange
The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is repor ...
, for example, Zijin Mining
Zijin Mining Group Co., Limited is a multi-national mining company headquartered in Mainland China.
Background
Zijin is a Shanghai Stock Exchange and Hong Kong Stock Exchange listed mining company principally engaged in the prospecting, explor ...
in 2003.[
In 2011, a 51% stake of Everbright Securities (International) was sold to ]Everbright Securities
Everbright Securities Company Limited is a securities brokerage by assets in China, controlled by state-owned enterprise, state-owned financial Conglomerate (company), conglomerate, China Everbright Group. It was founded in 1996 and is based in S ...
,[ Everbright Limited remained a minority shareholder of Everbright Securities, while Everbright Group is the largest shareholder.
In 2016, the company acquired the concession of ]Tirana International Airport
Tirana ( , ; aln, Tirona) is the capital and largest city of Albania. It is located in the centre of the country, enclosed by mountains and hills with Dajti rising to the east and a slight valley to the northwest overlooking the Adriatic Sea ...
, which runs until 2027. The company was the largest shareholder of China Aircraft Leasing Group Holdings
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 ...
.
Business areas
References
External links
*
{{authority control
Companies listed on the Hong Kong Stock Exchange
Financial services companies established in 1997
Government-owned companies of China
Financial services companies of China
China Everbright Group