| Type | State-owned |
|---|---|
| Industry | Investment company |
| Founded | Beijing, China (2003) |
| Headquarters | Beijing, China |
| Area served | People's Republic of China |
| Key people | Lou Jiwei (Chairman) Li Jiange (Vice Chairman) Xie Ping (Executive Director and President) |
| Employees | 15 - 19 |
| Parent | China Investment Corporation |
| Website | www.huijin-inv.cn |
Central Huijin Investment Ltd. (Chinese: 中央汇金投资有限责任公司; pinyin: ZhōngYāng HuìJīn TóuZī YǒuXiàn ZéRèn Gōng Sī) established on December 26, 2003 is an investment company owned by the government of the People's Republic of China. It is 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 by the State Council. The purpose of Central Huijin is to create an organizational structure by which the PRC government can operate as a shareholder for the large "big four" state owned banks, therefore to improve corporate governance and initiate reforms of the banking sector.[1]
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Central Huijin Investment Ltd. was acquired from the State Administration of Foreign Exchange by the China Investment Corporation for roughly $67 billion.[2]
Currently, Central Huijin holds shares in the institutions listed below: China Development Bank, Industrial and Commercial Bank of China Limited, Bank of China Limited, China Construction Bank Corporation, China Everbright Bank Co.,Ltd., China Reinsurance (Group) Corporation, China Jianyin Investment Limited, China Galaxy Financial Holding Co.,Ltd., Shenyin & Wanguo Securities Co.,Ltd., Guotai Junan Securities Co.,Ltd..
It owns majority stakes in all of the big four Chinese banks ((Bank of China, Industrial and Commercial 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.
As of June 7, 2006, the ownership of 'H' shares in the Bank of China (SEHK:3988) has been: