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 A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a ...

of the

People's Republic of China 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 ...

. Established in 2003, it became a wholly owned subsidiary of

China Investment Corporation China Investment Corporation (CIC) (Chinese: 中国投资有限责任公司; pinyin: ''zhōngguó tóuzī yǒuxiàn zérèn gōngsī'') is a sovereign wealth fund that manages part of the People's Republic of China's foreign exchange reserves. C ...

, 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 State Council may refer to: Government * State Council of the Republic of Korea, the national cabinet of South Korea, headed by the President * State Council of the People's Republic of China, the national cabinet and chief administrative auth ...

. 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 by the

for roughly $67 billion.Jamil Anderlini
China investment arm emerges from shadows

Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...

, 5 January 2008.

Governance

Board of Directors

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

Subsidiaries

* Central Huijin Asset Management (100%) *

China Jianyin Investment China Jianyin Investment Co., Ltd. (JIC) is a Chinese investment company owned by the government of the People's Republic of China. Founded in 2004, it is a wholly owned subsidiary of Central Huijin Investment and is an integrated investment group ...

(100%) *

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 ...

Everbright Securities Everbright Securities Company Limited is a securities brokerage by assets in China, controlled by state-owned financial conglomerate, China Everbright Group. It was founded in 1996 and is based in Shanghai. It was listed on the Shanghai Stock ...

** China Everbright Limited ** China Everbright International **

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 ...

China Galaxy Securities China Galaxy Securities Co., Ltd. () is a Chinese brokerage and investment bank. It raised US$1.1 billion on the Stock Exchange of Hong Kong in its debut in May 2013. In January 2015, the company announced plans to issue new shares worth US$2.3 ...

China International Capital Corporation China International Capital Corporation Limited (CICC; 中国国际金融股份有限公司) is a Chinese partially state-owned multinational investment management and financial services company. Founded in China in 1995, CICC provides investment ...

China Investment Securities China Investment Securities Co., Ltd. (CISC) formerly known as China Jianyin Investment Securities Co., Ltd. (CJIS) is a Chinese investment bank and brokerage firm based in Shenzhen. It was a subsidiary of China International Capital Corporation. ...

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 Agricultural Bank of China (ABC), also known as AgBank, is one of the " Big Four" banks in China. It was founded on 10 July 1951, and has its headquarters in Dongcheng District, Beijing. It has branches throughout mainland China, Hong Kong, Lond ...

Bank of China The Bank of China (BOC; ) is a Chinese majority state-owned commercial bank headquartered in Beijing and the fourth largest bank in the world. The Bank of China was founded in 1912 by the Republican government as China's central bank, repl ...

China Construction Bank China Construction Bank Corporation (CCB) is one of the " big four" banks in China. In 2015, CCB was the 2nd largest bank in the world by market capitalization and 6th largest company in the world. The bank has approximately 13,629 domestic bra ...

Hengfeng Bank Hengfeng County () is a small county under the administration of Shangrao city, Jiangxi province, China. It is located in the centre of Shangrao city, about from Shangrao Xinzhou District which is the locality of the municipality. History Hen ...

China Export & Credit Insurance Corporation China Export & Credit Insurance Corporation ( zh, s=中国出口信用保险公司, t=中國出口信用保險公司, p=Zhōngguó Chūkǒu Xìnyòng Bǎoxiǎn Gōngsī , commonly known as Sinosure (中国信保, Zhōngguó Xìnbǎo)) is a major C ...

, China Reinsurance (Group) Corporation,

New China Life Insurance New China Life Insurance Co., Ltd. also known as New China Insurance (NCI) or Xinhua Baoxian Jituan () is a Chinese life insurance company based in Beijing. The Chinese government owns more than half of the shares of the company via sovereign fu ...

Co.,

Ltd.,

China Galaxy Financial Holdings 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.,

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 Securities, China Galaxy Asset Management Co. Ltd., and Guotai Junan Investment Management Co. Ltd. It owns majority stakes in all big four Chinese banks (

, and

), but does not own shares in the smaller joint-stock commercial banks which are largely owned by local governments. ---- *

China Pacific Insurance Group China Pacific Insurance (Group) Co., Ltd. (CPIC) known as Pacific Insurance, is a Chinese insurance company. It was established on the basis of the former China Pacific Insurance Corporation, which was founded in 1991 approved by the People's Ban ...

(1.22%) *

(32.25%) *

Ping An Insurance Ping An Insurance known also as Ping An of China (), full name Ping An Insurance (Group) Company of China, Ltd. is a Chinese holding conglomerate whose subsidiaries provide insurance, banking, asset management, financial, healthcare services. ...

(2.65%) *

CSC Financial CSC Financial Co., Ltd. trading as China Securities, is a Chinese investment bank and brokerage firm established by CITIC Securities and China Jianyin Investment in 2005 in a 60–40 ratio, as a successor of bankrupted China Securities Co., Ltd. ...

(33.29%)

References

{{Reflist

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