In China stock market, there are two national teams, one is Huijin Company and the other is Social Security Fund, and their every move will have a great impact on the stock market.
Central Huijin Investment Co., Ltd. (hereinafter referred to as "Central Huijin Company"), headquartered in Beijing, is a wholly state-owned company funded by the state in accordance with the Company Law of People's Republic of China (PRC).
According to the authorization, on behalf of the state, exercise rights and perform obligations to the investors of state-owned commercial banks and other key financial enterprises according to law. Financial institutions with direct shareholding include six commercial banks, four securities companies, two insurance companies and four other institutions.
Its main function is to make equity investment in key state-owned financial enterprises, exercise the rights and fulfill the obligations of investors on behalf of the state in accordance with the law within the scope of capital contribution, and realize the preservation and appreciation of state-owned financial assets. Huijin does not carry out any other business activities and does not interfere with the daily business activities of its state-owned key financial enterprises. After the establishment of China Investment Co., Ltd. on September 29, 2007, Huijin became a wholly-owned subsidiary of the latter.
China Industrial and Commercial Bank, China Bank and China Construction Bank were published in June 65438+1October 65438+1October 2009 respectively. All three banks received a notice from Huijin on June 9th, 65438+ 10. Huijin increased its holdings of A shares of three banks through the trading system of Shanghai Stock Exchange, and Huijin increased its holdings of ICBC by 28 1 10,000 shares, accounting for about its total share capital. Increase the holding of 865,438+0,607,000 shares of Bank of China, accounting for about 0.03% of its total share capital; Increase the holding of CCB by 654.38+0.29 billion shares, accounting for about 0.06% of the total issued shares. Huijin also plans to continue to increase its shareholding in the secondary market in its own name within the next 12 months (from the date of this increase).
201110 news, according to Xinhua News Agency, Central Huijin Company will independently purchase shares of four banks of industry, agriculture, China and China Construction in the secondary market, and start relevant market operations from now on to support the steady operation and development of key state-owned financial institutions and stabilize the share prices of state-owned commercial banks.
Huijin itself acts as a national foreign exchange management function. After domestic enterprises earn foreign exchange, they have to exchange foreign exchange for RMB, and finally they all gather in Huijin. Therefore, Huijin uses foreign exchange to invest in financial enterprises in China, and these enterprises have to exchange foreign exchange, and these foreign exchange will return to Huijin. Every time foreign exchange makes a turn, it will print an equivalent amount of RMB, which will lead to the devaluation of the currency and damage every RMB holder. At the end of 2003, deflation that lasted for several years ended and inflation began.