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The Relationship and Difference between Zhongjin and Huijin

CICC, called China International Finance Corporation, is a large state-owned securities company with CCB as its major shareholder.

Huijin is called central huijin Investment Co., Ltd., which is funded by the Ministry of Finance and the Central Bank, and controls major financial enterprises on their behalf, such as the four major commercial banks, large brokerage firms and insurance companies. Huijin is the actual controller of CICC, and Huijin actually acts as the financial SASAC to control major domestic financial lifeline enterprises.