Central Huijin Investment Co., Ltd., referred to as Huijin Company, is the largest financial investment company in China. It was incorporated in June 65438+February 65438+June 2003 with a registered capital of RMB 372.465 billion. Wholly state-owned, the office is located on the 7th floor of Ping An Building, No.23 Financial Street, Xicheng District, Beijing.
corporate management
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.
Company location
On behalf of the state, exercise the rights and obligations of investors to large state-owned financial enterprises, maintain financial stability, prevent and resolve financial risks, use foreign exchange reserves efficiently, and be responsible for maintaining and increasing the value of foreign exchange reserves.
Investment record
In June, 2003, 5438+February, it injected 22.5 billion US dollars into China Bank;
In June, 2003, 5438+February, 2003, it invested 20 billion dollars in China Construction Bank;
In June, 2003, 5438+February, we invested $2.5 billion in CCB Investment Company.
In June 2004, it injected RMB 3 billion into Bank of Communications;
In April 2005, it injected US$ 654.38+0.5 billion into China Industrial and Commercial Bank;
In June 2005, it injected10 billion yuan into Galaxy Securities Company;
In July 2005, it injected US$ 5 billion into The Export-Import Bank of China;
In August 2005, it invested 2.5 billion yuan in Shen Yin Wanguo Securities Company and provided loans of 654.38+500 million yuan.
In August, 2005, it injected 654.38 billion yuan into Guotai Junan Securities Company and provided loans of 654.38 billion yuan.
In August 2005, it injected 5.5 billion yuan into Galaxy Financial Holding Company;
In September 2005, it injected RMB 654.38+000 billion into China Everbright Bank.
Related disputes
Although Huijin is called a company, some people think it is still a government agency. Because SAAC is not responsible for managing financial state-owned assets, Huijin Company is considered as "financial SAAC". In addition, the use of national foreign exchange reserves to make up for the losses caused by institutional mechanisms of state-owned enterprises has also been questioned by some scholars and experts. In terms of procedure, Wu Jinglian and others think that Huijin should be authorized by NPC Financial and Economic Committee.