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Nhân vật: Jin Liqun

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March 2012
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Jin Liqun (金立群) (born 1949) is Chairman of Board of Supervisors of the sovereign wealth fund, China Investment Corporation, and its subsidiary Central Huijin Investment Ltd.. He is also serving as deputy chair of the International Working Group of Sovereign Wealth Funds.[1] He was formerly the Vice-President of the Asian Development Bank, and Vice Minister of Finance of the People’s Republic of China.[2.

Jin Liqun was Vice President (Operations 1) of the Asian Development Bank (ADB). Before joining the ADB in August 2003, he served as Vice Minister of Finance, Director General of the World Bank Department at the Ministry of Finance, and Alternative Executive Director of China to the World Bank Group. He was a member of the Monetary Policy Committee of the People’s Bank of China.

Jin holds a master’s degree from Beijing Foreign Studies University and was a Hubert Humphrey Fellow in the Economics Graduate Program at Boston University.[3]

Jin’s daughter is currently a Lecturer on Economics at the London School of Economics, and a graduate of Harvard University

Tra cứu:

  1. ^http://www.iwg-swf.org/
  2. ^http://english.people.com.cn/200307/10/eng20030710_119924.shtml
  3. ^http://www.china-inv.cn/cicen/governance/governing_bos.html

 

 

Về CIC:

China Investment Corporation (CIC) is a sovereign wealth fund responsible for managing part of the People’s Republic of China’s foreign exchange reserves. CIC was established in 2007 with approximately US$200 billion of assets under management, making it one of the largest sovereign wealth funds.[2][3] Since then, CIC’s assets have grown to $410 billion at the end of 2010.

History

The People’s Republic of China has US$3.2 trillion in currency reserves. The China Investment Corporation was established with the intent of utilizing these reserves for the benefit of the state, modeled according to Temasek Holdings of Singapore. The state-owned Central Huijin Investment Corporation was merged into the new company as a wholly owned subsidiary company.[4]

The Corporation aims to invest in around fifty large-sized enterprises across the world. Special treasury bonds were issued to create the capital that the CIC needed. 1,550.35 billion yuan ($207.91 billion) was issued in this bond sale. The bond process was completed in December 2007.[5] According to Lou Jiwei, the CIC needs to make a profit of 300 million Yuan every day just to pay the interest on the bonds and operation costs. The low cost of capital of CIC leads to contentions that its investments are effectively subsidized by the Chinese government therefore creating an unfair advantage for CIC versus others seeking to compete for the same acquisition targets. The CIC paid its first interest on the bonds in February 2008 where it paid 12.9 billion yuan.[6]

In 2010, CIC established a new subsidiary, CIC International (Hong Kong) Co in Hong Kong and appointed Lawrence Lau as its Chairman.[7]

In 2011, CIC established its first foreign office in Toronto, choosing it over financial centres such as New York or London as its first office. Felix Chee will be the chief representative officer[8]

Quản lý quỹ đầu tư ngoại tệ nhà nước: The management and board of the China Investment Corporation ultimately reports to the State Council of the People’s Republic of China. The China Investment Corporation is seen as being “firmly entrenched” in the political establishment as the composition of its Board of Directors implies “considerable influence on the part of China’s Ministry of Finance.”[9]

Board of Directors

[edit] Board of Supervisors

[edit] Executive Committee

  • Chairman & CEO – Lou Jiwei
  • Vice Chairman, President & CIO – Gao Xiqing
  • Chairman of Board of Supervisors – Jin Liqun
  • Executive Director, Executive Vice President & COO – Zhang Hongli
  • Executive Vice President – Peng Chun
  • Executive Vice President & Deputy COO – Fan Yifei
  • Executive Vice President & Deputy CIO – Xie Ping
  • Executive Vice President & CRO – Wang Jianxi
  • Member of the Executive Committee – Liang Xiang

TRANG WEB: http://www.china-inv.cn/cicen/governance/governing_bos.html

Jin Liqun

Chairman of Board of Supervisors

Mr. Jin Liqun is the Chairman of the Board of Supervisors of CIC. Prior to this appointment he served as the Vice President (Operations 1) of the Asian Development Bank (ADB). Before joining the ADB in August 2003, he served as Deputy Minister of Finance, Director General of the World Bank Department at the Ministry of Finance, and Executive Deputy Director of China to the World Bank Group. He was a member of the Monetary Policy Committee of the People’s Bank of China. Currently he also serves as Chair of the International Forum of Sovereign Wealth Fund.

Mr. Jin was born in 1949 and holds a masters degree from Beijing Foreign Studies University, and was a Hubert Humphrey Fellow in the Economics Graduate Program at Boston University.

==

Central Huijin Investment Ltd. (Chinese: 中央汇金投资有限责任公司; pinyin: ZhōngYāng HuìJīn TóuZī YǒuXiàn ZéRèn Gōng Sī) established on December 26, 2003 is an investment company owned by the government of the People’s Republic of China. It is a wholly owned subsidiary of China Investment Corporation with its own Board of Directors and Board of Supervisors. Central Huijin’s principal shareholder rights are exercised by the State Council. The purpose of Central Huijin is to create an organizational structure by which the PRC government can operate as a shareholder for the large “big four” state owned banks, therefore to improve corporate governance and initiate reforms of the banking sector.[1]

Central Huijin Investment Ltd. was acquired from the State Administration of Foreign Exchange by the China Investment Corporation for roughly $67 billion.[2]

Các hạng mục đầu tư:

 

Currently, Central Huijin holds shares in the institutions listed below: China Development Bank, Industrial and Commercial Bank of China Limited, Bank of China Limited, China Construction Bank Corporation, China Everbright Bank Co.,Ltd., China Reinsurance (Group) Corporation, China Jianyin Investment Limited, China Galaxy Financial Holding Co.,Ltd., Shenyin & Wanguo Securities Co.,Ltd., Guotai Junan Securities Co.,Ltd..

It owns majority stakes in all of the big four Chinese banks ((Bank of China, Industrial and Commercial Bank of China, China Construction Bank, and Agricultural Bank of China)), but does not own shares in the smaller joint-stock commercial banks which are largely owned by local governments.

As of June 7, 2006, the ownership of ‘H’ shares in the Bank of China (SEHK:3988) has been:

  • Central Huijin Investment: 69.265% (171,325,404,740 shares)
  • RBS China: 8.467% (20,942,736,236 shares)
  • AFH: 4.765% (11,785,825,118 shares)
  • SSF: 4.576% (11,317,729,129 shares)
  • UBS AG: 1.366% (3,377,860,684 shares)
  • ADB: 0.205% (506,679,102 shares)
  • Other (including private) investors: 11.356% (28,089,421,000 shares)

 


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