Central Huijin Investment


Central Huijin Investment Co., Ltd. is a Chinese investment company 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. 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 by the China Investment Corporation for roughly $67 billion.

Governance

Board of Directors

Currently, Central Huijin holds shares in several financial institutions: China Development Bank, Industrial and Commercial Bank of China, Bank of China, China Construction Bank, China Everbright Bank, China Reinsurance Corporation, China Jianyin Investment Limited, China Galaxy Securities Co., Shenwan Hongyuan Group, and Guotai Junan Securities Co.
It owns majority stakes in all big four Chinese banks, but does not own shares in the smaller joint-stock commercial banks which are largely owned by local governments.
----