China** finally ushered in the "savior", and the national team shot!
According to reports, **Huijin Company announced the entry to expand the intensity and scale of its holdings, and then the three major stock indexes collectively **, this is the third time that Huijin has taken action to protect the disk in half a year, and it has to be the national team.
*What is the origin of Huijin? Why is the capital market so face-giving? In the list of 97 central enterprises managed by the State-owned Assets Supervision and Administration Commission, and in the list of 27 financial enterprises managed by the Ministry of Finance, the name of **Huijin has not been seen, what is going on?
In fact, the background of ** Huijin is quite not simple, founded in 2003, mainly to make equity investments in key state-owned financial enterprises. At present, ** Huijin Holdings has participated in 7 banks, 4 insurance companies, 2 ** companies, 2 asset management companies, and 4 other types of financial enterprises.
Let's put it this way, the four major banks of industry, agriculture, construction, and China, Everbright Group, and CICC are all its "son" companies, such as **Huijin holds 64 of Bank of China02% of the shares, holding 6316% of the shares, holding 40% of CICC11% of the shares, is the absolute largest shareholder.
So why can't you find ** Huijin in the list of central enterprises? Because it's also someone else's "son" company. In 2007, a more important state-owned enterprise was established, which is China Investment*** and in this year, **Huijin became its wholly-owned subsidiary.
When it comes to the most bullish central enterprises, many people think of Industrial and Commercial Bank of China, which is the most profitable Chinese company in the Fortune Global 500 list. Some people also think of Chinese tobacco, with a total annual profit and tax of more than one trillion yuan. In fact, CIC is the most bullish central enterprise.
With a registered capital of US$200 billion, CIC is one of the world's largest sovereign wealth**, similar to Saudi Arabia's public investment**, which is simply understood as the "national team" of the investment community, using the country's money to invest around the world and then earn income.
In 2007, when it was founded, the first order was a large investment, $3 billion in the IPO of Blackstone Group. Immediately after 100 million US dollars to subscribe for China Railway H shares, 5 billion US dollars to Morgan Stanley.
CIC has three subsidiaries, namely CIC International, CIC Overseas, and Huijin, the first two of which are engaged in overseas investment, and Huijin mainly invests in domestic financial enterprises.
As of December 31, 2022, there are four main areas of overseas investment, the first of which is the public market, accounting for 286%, such as the aforementioned investment in the IPO of Blackstone. The United States invested 59 in it18%, accounting for the most. Non-US developed ** accounted for 2681%, with the remainder in emerging markets**. It seems that CIC is also optimistic about the ** of developed economies, especially the ** of the United States, otherwise it would not bet so much.
The second block is fixed income, accounting for 1494%, mainly to buy some treasury bonds, corporate bonds. Among them, developed sovereign bonds accounted for 5275%。The third block is alternative investments, including hedging**, private equity, real estate, infrastructure, etc., accounting for up to 5321%, which is the most invested sector. The fourth block is cash products and others, such as bank deposits.
The reason why CIC is the best central enterprise is because it uses the least number of employees and obtains the highest returns. As of June 2018, CIC had a total of 644 employees, and the number of employees by 2023 has not been announced, but it is expected to be no more than 1,000.
However, as of December 31, 2022, the cumulative annualized net return over the past 10 years in US dollar terms was 643%, which is not a bad performance.
In addition, CIC has very high profits, with revenue of 434 in 20222.1 billion US dollars, with a net profit of 4604.5 billion US dollars, about 309.7 billion yuan. The net profit margin was 106%, killing all companies such as Moutai. The performance in 2022 has also declined, and if you look at the performance in 2021, the revenue will be 13400.8 billion US dollars, net profit of 1226700 million US dollars, about 791.4 billion yuan. Compared with the registered capital of 200 billion US dollars at the time of establishment, it has long been recouped.
The scale of investment and production reached 124 trillion dollars, about 834 trillion yuan, in the world's sovereign wealth**, can enter the top three.
With such a strong central enterprise, it is still expanding. According to Xinhua Finance and Economics, three AMCs, China Cinda Assets, China Orient Assets and China Cinda Assets, will be transferred to CIC and become its subsidiaries. Previously, another AMC, China Huarong, had been merged into CITIC Group.
As of the end of 2022, China Cinda's total assets are 162 trillion yuan, the total assets of China Oriental 125 trillion yuan, the Great Wall of China has not been announced, and it is estimated that there are hundreds of billions, once the three AMC central enterprises are absorbed, the total assets of CIC will definitely exceed 10 trillion yuan, and its strength will be greatly improved.
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