China Everbright Holdings was established in British Hong Kong in 1983,[3] by three proxy persons for the Government of China: Wang Guangying, Zhang Lansheng (Chinese: 张澜生) and Ren Xiguang (Chinese: 任锡光), with Wang "owned" most of the shares until 1990, which was transferred to Qiu Qing (Chinese: 邱晴), the second chairman of the company.[5][6] Wang was the chairman and one of the 5 executive directors along with Kong Dan and three others in 1985, which was ratified by the State Council of the People's Republic of China.[7] The State Council ratified the establishment of Everbright by a State Council document numbered No.89 [1983]. (Chinese: 国务院国发[1983]89号文, not published to the public).[8]
The group now had a parent company incorporated in Beijing (as China Everbright Group, was known as Chinese: 中国光大（集团）总公司, incorporated in 1990 but could be traced back to 光大实业公司, the name used in the document of the State Council) and a wholly owned subsidiary incorporated in Hong Kong (China Everbright Holdings Co., Ltd.Chinese: 中国光大集团有限公司 was known as Violight Industry Co., Ltd.Chinese: 紫光实业有限公司 from 1983 to 1984). Due to foreign exchange controls, the main overseas businesses were centered on the Hong Kong-based subsidiary.
Everbright Group founded China Everbright Bank in 1992, the stake in the bank was diluted by the subscription of new shares by Central Huijin Investment in 2007, as well as Everbright Group injected part of the stake of the bank to Everbright Group's subsidiary: China Everbright Limited in 1997.
In 1993 China Everbright Group acquired 20 percent stake of Hong Kong-based International Bank of Asia.[9] (The stake was then injected to China Everbright Limited in 1997, which was sold in 2004[10]).
In 2007 the group was split into financial and non-financial company, the latter was led by China Everbright Industrial (Group) Co., Ltd. (Chinese: 中国光大实业（集团）有限责任公司), which was owned by Central Huijin from 2007 to 2014 (merged back to China Everbright Group).[1]
In 2014, Central Huijin became a major shareholder of Everbright Group by injecting 90 billion shares of Everbright Bank and 100 percent stake of Everbright Industrial back into Everbright Group. The company also re-incorporated as a joint-stock company with limited liabilities (as Chinese: 中国光大集团股份公司).[1]
Subsidiaries and equity investmentsedit
The company via its wholly owned subsidiary China Everbright Holdings (Chinese: 中國光大集團有限公司), owned 49.74 percent stake of China Everbright Limited and 0.18 percent stake of China Everbright Bank.[2] China Everbright Group also owned 29.68% stake of Everbright Securities,[16] 23.96 per cent stake of China Everbright Bank directly.[2] China Everbright Group also owned 41.39 percent stake in Everbright International and 4.98% stake in Shenwan Hongyuan.[2]
Referencesedit
^ abc"中国光大集团股份公司2016年度第一期中期票据发行文件" [China Everbright Group 2016 (batch 1) medium term notes issue document]. China Everbright Group. archive of Shanghai Clearing House. 30 August 2016. Retrieved 18 October 2016.
^ abcd"2015 Annual Report" (PDF). China Everbright Bank. Hong Kong Stock Exchange. 29 April 2016. Retrieved 17 October 2016.
^ ab (in Chinese). China Everbright Group. Archived from the original on 19 October 2016. Retrieved 17 October 2016.
^"Ranking of Fortune Global 500". Fortune. Retrieved 25 May 2023.
^国函﹝1985﹞：28号国务院关于光大实业公司成立董事会的批复 (in Chinese). State Council of the People's Republic of China. 19 February 1985. Retrieved 21 October 2016.
^ [History] (in Chinese). China Everbright Group. Archived from the original on 22 October 2016. Retrieved 21 October 2016.
^"Key Milestones & Accolades". Fubon Bank (Hong Kong). Retrieved 17 October 2016.
^"Discolsable Transaction" (PDF). China Everbright Limited. Hong Kong Stock Exchange. 8 March 2004. Retrieved 17 October 2016.
^. China Everbright Limited. Archived from the original on 18 October 2016. Retrieved 17 October 2016.
^国办发(1998)9号:国务院办公厅关于部委联系公司的通知 (in Chinese). General Office of the State Council. 29 March 1998. Retrieved 21 October 2016.
^国办函(1998)49号:国务院办公厅关于中国人民银行联系中信公司和光大公司意见的复函 (in Chinese). General Office of the State Council. 15 October 1998. Retrieved 21 October 2016.
^国办函(2000)74号:国务院办公厅关于中国光大集团国务院办公厅关于中国光大集团管理问题的通知 (in Chinese). General Office of the State Council. 21 October 2000. Retrieved 21 October 2016.
^"China Prosecutes a Banker As Loan Scandals Continue". The New York Times. 16 August 2002. Retrieved 21 October 2016.
^"2016 Interim Report" (PDF). Everbright Securities. archive of Hong Kong Stock Exchange. 26 September 2016. Retrieved 17 October 2016.
External linksedit
Official website(in Chinese)
October 26, 2023
china, everbright, group, chinese, state, owned, enterprise, everbright, group, subsidiary, percent, central, huijin, investment, ministry, finance, china, owned, rest, stake, which, central, huijin, acquired, december, 2014, headquarters, beijing, financial, . China Everbright Group is a Chinese state owned enterprise Everbright Group was a subsidiary 55 67 percent of Central Huijin Investment 2 The Ministry of Finance of China owned the rest of the stake which Central Huijin acquired on 8 December 2014 3 China Everbright GroupHeadquarters at Beijing Financial StreetTypeState owned enterpriseFounded1983 in Hong Kong Everbright Holdings 1990 in Beijing Everbright Group 2014 as joint stock company FounderWang GuangyingState Council of ChinaHeadquartersBeijing ChinaKey peopleTang Shuangning Chairman Operating incomeCN 53 2 billion 2015 Net incomeCN 13 3 billion 2015 Total assetsCN 3 496 9 billion 2015 Total equityCN 99 0 billion 2015 OwnerCentral Huijin Investment 55 67 Ministry of Finance of China 44 33 ParentState Council of China indirect SubsidiariesEverbright Industrial 100 Everbright Ltd 49 74 Everbright International 41 39 Sunlight Everbright Life 50 Everbright Securities indirect control China Everbright Bank jointly control Chinese nameSimplified Chinese中国光大集团股份公司Traditional Chinese中國光大集團股份公司TranscriptionsStandard MandarinHanyu PinyinZhōngguo Guangda Jituan Gǔfen GōngsiChinese short nameSimplified Chinese光大集团Traditional Chinese光大集團TranscriptionsStandard MandarinHanyu PinyinGuangda JituanWebsitewww wbr ebchina wbr comFootnotes referencesin a consolidated basis 1 China Everbright Group was ranked 210th in 2022 Fortune Global 500 4 Contents 1 History 2 Subsidiaries and equity investments 3 References 4 External linksHistory editChina Everbright Holdings was established in British Hong Kong in 1983 3 by three proxy persons for the Government of China Wang Guangying Zhang Lansheng Chinese 张澜生 and Ren Xiguang Chinese 任锡光 with Wang owned most of the shares until 1990 which was transferred to Qiu Qing Chinese 邱晴 the second chairman of the company 5 6 Wang was the chairman and one of the 5 executive directors along with Kong Dan and three others in 1985 which was ratified by the State Council of the People s Republic of China 7 The State Council ratified the establishment of Everbright by a State Council document numbered No 89 1983 Chinese 国务院国发 1983 89号文 not published to the public 8 The group now had a parent company incorporated in Beijing as China Everbright Group was known as Chinese 中国光大 集团 总公司 incorporated in 1990 but could be traced back to 光大实业公司 the name used in the document of the State Council and a wholly owned subsidiary incorporated in Hong Kong China Everbright Holdings Co Ltd Chinese 中国光大集团有限公司 was known as Violight Industry Co Ltd Chinese 紫光实业有限公司 from 1983 to 1984 Due to foreign exchange controls the main overseas businesses were centered on the Hong Kong based subsidiary Everbright Group founded China Everbright Bank in 1992 the stake in the bank was diluted by the subscription of new shares by Central Huijin Investment in 2007 as well as Everbright Group injected part of the stake of the bank to Everbright Group s subsidiary China Everbright Limited in 1997 In 1993 China Everbright Group acquired 20 percent stake of Hong Kong based International Bank of Asia 9 The stake was then injected to China Everbright Limited in 1997 which was sold in 2004 10 Everbright Group also acquired several listed companies as reverse IPO to form China Everbright Limited SEHK 165 in 1994 renamed and restructured in 1997 11 and China Everbright International Limited SEHK 257 in 1993 Everbright Securities was founded in Shanghai in 1996 In 1998 instead of reporting to the State Council directly Everbright Group was assigned to the People s Bank of China as the intermediate supervising entity 12 13 In 2000 China Securities Regulatory Commission and China Insurance Regulatory Commission were added as the supervisors for the financial businesses with the Ministry of Finance excising the shareholders rights State Economic and Trade Commission was also added as the regulator if the business was in the scope of the commission Lastly the Chinese Communist Party committee inside the company the de facto highest board of the company would report to another supervising minister of the Central Committee of the Chinese Communist Party 14 Zhu Xiaohua zh the former chairman of the group who was arrested in 1999 was jailed in 2002 15 In 2007 the group was split into financial and non financial company the latter was led by China Everbright Industrial Group Co Ltd Chinese 中国光大实业 集团 有限责任公司 which was owned by Central Huijin from 2007 to 2014 merged back to China Everbright Group 1 In 2014 Central Huijin became a major shareholder of Everbright Group by injecting 90 billion shares of Everbright Bank and 100 percent stake of Everbright Industrial back into Everbright Group The company also re incorporated as a joint stock company with limited liabilities as Chinese 中国光大集团股份公司 1 Subsidiaries and equity investments editThe company via its wholly owned subsidiary China Everbright Holdings Chinese 中國光大集團有限公司 owned 49 74 percent stake of China Everbright Limited and 0 18 percent stake of China Everbright Bank 2 China Everbright Group also owned 29 68 stake of Everbright Securities 16 23 96 per cent stake of China Everbright Bank directly 2 China Everbright Group also owned 41 39 percent stake in Everbright International and 4 98 stake in Shenwan Hongyuan 2 References edit a b c 中国光大集团股份公司2016年度第一期中期票据发行文件 China Everbright Group 2016 batch 1 medium term notes issue document China Everbright Group archive of Shanghai Clearing House 30 August 2016 Retrieved 18 October 2016 a b c d 2015 Annual Report PDF China Everbright Bank Hong Kong Stock Exchange 29 April 2016 Retrieved 17 October 2016 a b 中国光大集团简介 in Chinese China Everbright Group Archived from the original on 19 October 2016 Retrieved 17 October 2016 Ranking of Fortune Global 500 Fortune Retrieved 25 May 2023 1983 Annual Return Hong Kong Companies Registry 1990 Annual Return Hong Kong Companies Registry 国函 1985 28号国务院关于光大实业公司成立董事会的批复 in Chinese State Council of the People s Republic of China 19 February 1985 Retrieved 21 October 2016 历史沿革 History in Chinese China Everbright Group Archived from the original on 22 October 2016 Retrieved 21 October 2016 Key Milestones amp Accolades Fubon Bank Hong Kong Retrieved 17 October 2016 Discolsable Transaction PDF China Everbright Limited Hong Kong Stock Exchange 8 March 2004 Retrieved 17 October 2016 Corporate Profile China Everbright Limited Archived from the original on 18 October 2016 Retrieved 17 October 2016 国办发 1998 9号 国务院办公厅关于部委联系公司的通知 in Chinese General Office of the State Council 29 March 1998 Retrieved 21 October 2016 国办函 1998 49号 国务院办公厅关于中国人民银行联系中信公司和光大公司意见的复函 in Chinese General Office of the State Council 15 October 1998 Retrieved 21 October 2016 国办函 2000 74号 国务院办公厅关于中国光大集团国务院办公厅关于中国光大集团管理问题的通知 in Chinese General Office of the State Council 21 October 2000 Retrieved 21 October 2016 China Prosecutes a Banker As Loan Scandals Continue The New York Times 16 August 2002 Retrieved 21 October 2016 2016 Interim Report PDF Everbright Securities archive of Hong Kong Stock Exchange 26 September 2016 Retrieved 17 October 2016 External links editOfficial website nbsp in Chinese Retrieved from https en wikipedia org w index php title China Everbright Group amp oldid 1180487562, wikipedia, wiki, book, books, library,
