The head office of Huaxia Bank belongs to the State-owned Assets Supervision and Administration Commission.

Hua Xia Bank is a state-owned enterprise affiliated to Beijing Municipality (municipalities are greater than or equal to provinces). The chairman, general manager, and party committee secretary are bureau-level, department-level, and municipal-level cadres, and the rest of the staff are company employees.

1. Is Hua Xia Bank a state-owned enterprise?

It is a state-owned enterprise, but not a wholly state-owned enterprise.

Huaxia Bank was established in Beijing in October 1992 as a joint-stock bank.

Hua Xia Bank has completed the joint-stock reform and has non-state-owned shareholders. Therefore, it is not a wholly state-owned enterprise, but a state-owned joint-stock enterprise controlled by state-owned assets.

In addition, Hua Xia Bank has a relatively high degree of marketization and its traditional state-owned enterprise characteristics are relatively weak.

The top four shareholders of Hua Xia Bank: Shougang Group (holding 20.28%), PICC Property and Casualty Co., Ltd. (holding 19.99%), State Grid Yingda International Holding Group Co., Ltd. (holding 18.24%), China Securities Finance Co., Ltd.

The responsible company (holding 4.9% of the shares) has a state-owned background, with a total shareholding ratio of 63.41%.

Therefore, state-owned capital occupies an absolute controlling position in Hua Xia Bank, and Hua Xia Bank should be regarded as a state-owned enterprise.

2. Hua Xia Bank releases dual brands of wealth management and private banking: On October 15, 2021, Hua Xia Bank held a "Wealth Management and Private Banking Brand Release" event in Beijing, simultaneously launching dual brands of wealth management and private banking.

Through the innovative "olive-shaped" customer service structure, we are committed to enhancing the value of mass customers, accurately serving the personalized needs of mid-to-high-end customers, continuing to work on the wealth growth of customer families, and helping everyone live a happy life.

Hua Xia Bank Chairman Li **, Zhang **, President Yang **, Vice President and other leaders.

Well-known financial experts such as the former vice president of the National Council for Social Security Fund, the president of the China New Supply-side Economics Research Institute, and the deputy director of the Financial Research Institute of the Development Research Center of the State Council attended the conference.

It can be seen that Hua Xia Bank takes "Serving the New Era and Building a New China" as its theme. Hua Xia Bank's wealth management and private banking business will adhere to the wealth concept of "Carrying Water Virtues and Doing Good for You" and embody value with professionalism.

Demonstrate its purpose with services, and be a wealth management bank that continues to serve you well. By building an open wealth management ecosystem, we will continue to improve wealth management efficiency, be the guardian of customer wealth, and create a good reputation in the market and be popular among thousands of households.

A prestigious professional wealth management institution.