Central huijin Investment Co., Ltd. (hereinafter referred to as Huijin Company), legal representative: Lou Jiwei. [Edit this paragraph] Company Profile Central Huijin Investment Co., Ltd. was established in June 65438+February 65438+June 2003. It is a wholly state-owned investment holding company approved by the State Council. Its main function is to exercise the rights and obligations of investors in key financial enterprises on behalf of the state, support them to implement various reform measures, improve the corporate governance structure, ensure the safety of state capital injection and obtain a reasonable return on investment. As far as the financial institutions of Huijin Holdings are concerned, they are faced with a multi-sector supervision pattern: the central bank exercises financial stability supervision functions, the China Banking Regulatory Commission exercises administrative and capital supervision functions, the Ministry of Finance exercises financial supervision functions, and Huijin exercises shareholder supervision functions. Under the planning of Yi Gang and Xie Ping, Central Huijin Company was given the role of financial stability policy implementation platform by the central bank at the beginning of its establishment. Every time the central bank holds a financial stability meeting, Huijin and its wholly-owned subsidiary CCB Investment will be represented, not to mention that the share reform office of the wholly state-owned commercial bank that guides Huijin's work is located in the Financial Stability Committee. At the same time, Huijin's 50 million registered capital all comes from the Ministry of Finance, but it is operated by the central bank. When it was established, it used US$ 45 billion in foreign exchange reserves to inject capital into Bank of China and China Construction Bank. In June 2004, it used RMB 3 billion to collect loans from the central bank to inject capital into Bank of Communications. In September 2004, Xie Ping served as the director of the Financial Stability Board and the general manager of Huijin. The four months of being both a planner and an executor laid a strategic foundation for a series of actions in 2005. Since 2005, CCB Investment has also been used by the central bank as a platform for restructuring financial enterprises, and has reorganized eight securities companies, including Galaxy Securities, Shen Yin Wanguo and Guotai Junan. In April 2005, the situation changed. Huijin only injected US$ 654.38+05 billion into ICBC, holding 50% of the shares with the Ministry of Finance. The view of the Ministry of Finance is that the previous arrangement under "weak finance" may now begin to change. [Edit this paragraph] Central Huijin Company, the management of the company, was established in June 65438+February 65438+June 2003. Approved by the State Council, it is a wholly state-owned investment company that exercises the rights and obligations of investors on behalf of the state to key financial enterprises such as Bank of China and China Construction Bank. Huijin, which was originally operated under the guidance of the leading group for the reform of wholly state-owned commercial banks in the State Council, has been merged into China Investment Corporation, which is the window of China Financial Stability Board. Administrative measures related to financial stability are formulated and implemented by the Financial Stability Board, while market-oriented measures are operated by Central Huijin Company. Therefore, Huijin Company is a "tool" company in the State Council to maintain financial stability, prevent and resolve financial risks. There is another explanation for Huijin's positioning. At the beginning of the company's establishment, the spokesperson of the State Administration of Foreign Exchange explained its responsibilities: injecting capital into the experimental bank with foreign exchange reserves, not financial allocation, but capital investment. As the investor, central huijin Investment Company will urge banks to implement various reform measures, improve the corporate governance structure, and strive to make equity assets obtain competitive investment returns and dividend income. The Board of Directors and the Board of Supervisors are appointed by the Ministry of Finance, the People's Bank of China and the State Administration of Foreign Exchange respectively. When the company was established, the chairman was Guo Shuqing, director of SAFE, the vice chairman was Madelen, deputy director of SAFE (Wang Jianxi, assistant to the chairman of CSRC, took over on June 5438+ 10), and the general manager was Hu Xiaolian, deputy director of SAFE (transferred to assistant to the president of China People's Bank in September 2004, and Xie Ping took over as general manager). Board members include: Li Dongrong, Deputy Director of the State Administration of Foreign Exchange; Director of the Reserve Management Department of the State Administration of Foreign Exchange; Xu, director of the Finance Department of the Ministry of Finance (who has been detained due to economic problems); Sun Xiaoxia, deputy director of the Finance Department of the Ministry of Finance; Wang Weixing, Deputy Director of the Budget Department of the Ministry of Finance; Xie Ping, Director of the Financial Stability Board of the Central Bank (succeeded Hu Xiaolian as general manager in September 2004); And ye ying, director of the central bank's currency, gold and silver bureau. Members of the Board of Supervisors include Geng Hong, Director of the Financial Supervision Department of the Ministry of Finance; Hu Wei is the director of the accounting department of the central bank; And economist Deng Xianhong. [Edit this paragraph] The company's major holding and shareholding financial institutions Huijin Company's major holding and shareholding financial institutions include: 1, China Development Bank; 2. Industrial and Commercial Bank of China Limited; 3. China Construction Bank Company Limited; 4. Agricultural Bank of China Limited by Share Ltd; 5. Bank of China Limited; 6. Bank of Communications Limited by Share Ltd; 7. China Everbright Bank Limited; China Yin Jian Investment Co., Ltd.; 9. Shen Yin Wanguo Securities Co., Ltd.; 10, Guotai Junan Securities Co., Ltd.; 1 1, china galaxy Financial Holdings Limited; 12, China reinsurance (group) co., ltd.