China Investment Bank is a national specialized bank in People's Republic of China (PRC) that raises construction funds from abroad for investment credit. According to the requirements of state-owned enterprises, it is an independent accounting and self-financing state-owned enterprise. China Investment Bank is an independent enterprise legal person. Established in 198 1 year 65438+February. Headquartered in Beijing. It has branches in Shanghai, Tianjin, Jiangsu, Hebei, Hunan, Fujian, Liaoning and other provinces and cities.
Since 1980 China resumed its seat in the World Bank, the China government began to consider setting up an investment bank as an intermediary financial institution to handle loans for small and medium-sized industrial projects in the World Bank, and gradually turned it into a professional bank to raise construction funds from abroad for investment credit. After a period of preparation, China Investment Bank was formally established on February 23rd, 198 165438.
The highest authority of China Investment Bank is the board of directors, and the board of directors of China Investment Bank is the highest authority of the whole bank, consisting of honorary chairman, one chairman, one to three vice-chairmen and several managing directors, all appointed by the State Council. The President and Vice President shall be nominated by the Board of Directors and reported to the State Council for appointment.
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In China, the emergence and development of investment banks are closely related to the development of China stock market. The development history of China's capital market for more than ten years shows that investment banks have become an important subject to promote the development of China's securities market.
Investment banks are actually investment banks in China. China's investment banking business began in the 1980s. At that time, China International Trust Company, commercial banks established by China Bank and some securities companies played the role of investment banks to some extent.
So far, there are more than 90 investment banks and more than 2,600 business departments in China. Roughly divided, the development of China investment bank has experienced a period of quantitative growth, preparation and consolidation, large-scale restructuring and standardized development after ten years of wind and rain.
The main task of China Investment Bank is to accept loans from international financial institutions, raise construction funds from abroad through other ways and means, and provide foreign exchange and RMB investment credit to China enterprises, so as to serve the acceleration of China's socialist modernization.
References: China Investment Bank _ Baidu Encyclopedia