Central Huijin Investment Company

Infobox Company
name = Central Huijin Investment Company Limited
company_name_local = 中央汇金投资有限责任公司
company_
company_type = State-owned
company_slogan =
market_information =
foundation = 2003 December 26
location_city = Beijing
location_county= China
zip_code =
telephone_no =
key_people = Xie Ping, General Manager
industry = Finance, Investment
products =
capital = $45 billion USD
revenue =
operating_income =
profit =
num_employees = 15 - 19
accounting_period =
parent = Ministry of Finance People's Republic of China
divisions =
subsid = Bank of China
China Construction Bank Galaxy Security of China
Bank of Communications
Industrial and Commercial Bank of China
homepage =
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Central Huijin Investment Company Limited (zh-s|s=中央汇金投资有限责任公司 Hanyu Pinyin: ZhōngYāng HuìJīn TóuZī YǒuXiàn ZéRèn Gōng Sī) established in 2003 is the investment company owned by the government of the People's Republic of China. It is the investment arm of the People's Bank of China and is administrated by the Ministry of Finance. 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. [ [http://www.ccb.cn/portal/en/about/ccb128.shtml Inside CCB ] ]

Central Huijin Investment Company Limited was acquired from the State Administration of Foreign Exchange by the China Investment Corporation for roughly $67 billion.Jamil Anderlini, [http://www.ft.com/cms/s/0/fd0b7e6e-bb2f-11dc-9fbc-0000779fd2ac.html China investment arm emerges from shadows] , Financial Times, 5 January 2008]

It currently owns majority stakes in all of the big four Chinese banks, but does not own shares in the smaller joint-stock commercial banks which are largely owned by local governments.

The "big four" Chinese banks are
*Bank of China
*Industrial and Commercial Bank of China
*China Construction Bank
*Agricultural Bank of China

As of June 7, 2006, the ownership of 'H' shares in the Bank of China (SEHK:3988) has been:
* Central Huijin Investment: 69.265% (171,325,404,740 shares)
* RBS China: 8.467% (20,942,736,236 shares)
* AFH: 4.765% (11,785,825,118 shares)
* SSF: 4.576% (11,317,729,129 shares)
* UBS AG: 1.366% (3,377,860,684 shares)
* ADB: 0.205% (506,679,102 shares)
* Other (including private) investors: 11.356% (28,089,421,000 shares)

References