According to the authorization of the State Council, on behalf of the state, he shall exercise rights and perform obligations to investors of key financial enterprises such as state-owned commercial banks. 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.
Extended Information Central Huijin Company was established in June 5438+February 65438+June 2003. Approved by the State Council, it is a wholly state-owned investment company that exercises the rights and obligations of investors on behalf of the state to key financial enterprises such as Bank of China and China Construction Bank. Huijin Company was originally operated under the guidance of the leading group for the reform of wholly state-owned commercial banks in the State Council, and now it is merged into China Investment Corporation.
It is the window of China Financial Stability Board. Administrative measures related to financial stability are formulated and implemented by the Financial Stability Board, while market-oriented measures are operated by Central Huijin Company. Therefore, Huijin Company is a "tool" company in the State Council to maintain financial stability, prevent and resolve financial risks.
There is another explanation for Huijin's positioning. At the beginning of the company's establishment, the spokesperson of the State Administration of Foreign Exchange explained its responsibilities: injecting capital into commercial banks with foreign exchange reserves is not a financial allocation, but a capital investment. As the investor, central huijin Investment Company will urge banks to implement various reform measures, improve the corporate governance structure, and strive to make equity assets obtain competitive investment returns and dividend income.
References:
Baidu Baike-central huijin Investment Co., Ltd.