1.CICC is an investment bank, that is, a securities company. It is a state-owned holding company and the first joint venture securities company in China.

2. Huijin is a financial holding company, focusing on financial investment and investing in key domestic financial enterprises. It is a wholly state-owned company and a quasi-government organization.

3. CIC is a sovereign wealth fund (or sovereign wealth investment company) in China, and its main business is foreign exchange investment. It is a wholly state-owned company and a quasi-government organization.

The relationship between the three is that CIC holds the equity of Huijin 100%, and Huijin holds the equity of CIC.