Three Major AMCs Officially Bid Farewell to Their Former Owner, All Controlling Interests Registered Under Central Huijin

Recently, China Cinda announced that the Ministry of Finance’s entire holding of approximately 22.137 billion domestic shares completed the transfer registration on September 4, with the corresponding equity interest transferred无偿 to Central Huijin. After this无偿 transfer, the Ministry of Finance no longer holds shares in China Cinda, while Central Huijin directly holds 58% of the shares, becoming the controlling shareholder.

Previously, in April and June, China Great Wall Asset and China Orient Asset had successively announced the completion of procedures related to changes in their shareholder registers. This also marks that, following China Huarong (now CITIC Financial Asset) seeing its controlling shareholder change from the Ministry of Finance to CITIC Group, the other three national asset management companies (AMCs) have officially bid farewell to their "former owner," though they remain state-controlled financial institutions.

On the evening of February 14 this year, China Cinda, China Orient Asset, and China Great Wall Asset collectively announced that the equity interests held by the Ministry of Finance were全部 transferred to Central Huijin, signaling the completion of the long-planned adjustment of the AMC equity structure.

According to the latest shareholding ratios, Central Huijin’s stakes in the four AMCs are as follows: 71.55% in China Orient Asset, 73.53% in China Great Wall Asset, approximately 58% in China Cinda, and about 13.3% in China Galaxy Asset.

As one of the three major subsidiaries under China Investment Corporation (CIC), Central Huijin is authorized by the State Council to make equity investments in key state-owned financial enterprises. It represents the state in exercising the rights and履行义务 of an出资人 in accordance with the law, limited to the amount of capital contribution. As of June 30, 2025, Central Huijin directly holds equity in 19 financial institutions, including banks, insurance companies, securities firms, and comprehensive institutions.

CIC was established on September 29, 2007, as a sovereign wealth fund under the Company Law. Directly controlled by the State Council, it was founded with the purpose of diversifying investments of national foreign exchange funds, conducting overseas investment businesses, and managing equity investments in domestic financial institutions, aiming to maximize shareholder权益 within an acceptable risk range. The company is headquartered in Beijing with a registered capital of $200 billion.