In China stock market, there are two national teams, one is Huijin and the other is Social Security Fund, and their every move will have a great impact on the stock market.
Central Huijin Investment Co., Ltd., headquartered in Beijing, is a wholly state-owned company funded by the state according to the Company Law of People's Republic of China (PRC).
According to the authorization, on behalf of the state, exercise rights and perform obligations to the investors of state-owned commercial banks and other key financial enterprises according to law. 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 investor's rights and fulfill investor's obligations on behalf of the state within the capital contribution limit, 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. After the establishment of China Investment Co., Ltd. on September 29, 2007, Huijin became a wholly-owned subsidiary of the latter.
China Industrial and Commercial Bank, China Bank and China Construction Bank issued announcements in June 65438+1October 65438+1October 2009 respectively. All three banks received a notice from Huijin on June 9th, 65438+ 10. Huijin increased its A shares of the three banks through the trading system of Shanghai Stock Exchange, and Huijin increased its holding of ICBC shares by 28 1 10,000 shares, accounting for about 0.08% of its total share capital. Increase the holding of 865,438+0,607,000 shares of Bank of China, accounting for about 0.03% of its total share capital; Increase the holding of CCB shares by 65.438+0.29 billion shares, accounting for about 0.06% of the total issued shares. Huijin also plans to continue to increase its stake in the secondary market in its own name within the next 12 months (from the date of this increase).
201110 According to Xinhua News Agency, in order to support the steady operation and development of key state-owned financial institutions and stabilize the share price of state-owned commercial banks, Central Huijin will independently purchase shares of four banks, namely, industrial, agricultural, China and China Construction, in the secondary market, and start relevant market operations from now on.
Huijin itself acts as a national foreign exchange management function. After earning foreign exchange, domestic enterprises have to exchange foreign exchange for RMB, and finally they all gather in Huijin. Therefore, Huijin invests in financial enterprises in China with foreign exchange, and these enterprises must exchange foreign exchange again, and these foreign exchange will be returned to Huijin. Every time foreign exchange makes a turn, it will print an equivalent amount of RMB, which will lead to the devaluation of the currency and harm every RMB holder. At the end of 2003, deflation that lasted for several years ended and inflation began to rise.