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China Everbright Limited is a Hong Kong-based financial services company in asset management, investment and merchant bank in the Greater China region, including mainland China and Hong Kong.[2] It is part of the China Everbright Group, a state-owned enterprise operated under the supervision of the State Council of the People's Republic of China (via Central Huijin Investment and the Ministry of Finance).
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| Company type | Public; state-owned enterprise |
|---|---|
| SEHK: 165 | |
| Industry | Financial services |
| Predecessor | IHD Holdings |
| Founded | 1 November 1994 (as Everbright-IHD) |
| Founder | China Everbright Group |
| Headquarters | Hong Kong S.A.R., China |
Area served | Mainland China, Hong Kong |
Key people |
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| Services | Asset management |
| Owner | China Everbright Holdings (49.74%) |
| Website | www |
| Footnotes / references in a consolidated basis[1] | |
| China Everbright Limited | |||||||
|---|---|---|---|---|---|---|---|
| Simplified Chinese | 中国光大控股有限公司 | ||||||
| Traditional Chinese | 中國光大控股有限公司 | ||||||
| Literal meaning | China Everbright Holding Limited Company | ||||||
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China Everbright Limited is considered a red chip stock on the Hong Kong Stock Exchange.
China Everbright Limited (CEL) is a leading investment conglomerate based in China, with a focus on financial services, asset management, and direct investments. Established in 1983, CEL operates across various sectors including banking, securities, insurance, and infrastructure. With a reputation for strategic investments and financial expertise, CEL plays a significant role in China's economic development and global investment landscape.
History
editThe predecessor of the company was founded on 25 August 1972 in Hong Kong as Intercontinental Housing Development Limited, renamed IHD Holdings in 1987. In 1994 it was taken over by China Everbright Group and renamed China Everbright-IHD Pacific Limited. On 18 July 1997, the business inherited from IHD was ended, the company was renamed China Everbright Limited, the current name.[3] On the same day, a 20% stake of China Everbright Bank was injected from the parent company, China Everbright Group, followed by International Bank of Asia on 2 August.[4] On 18 July 1999, Everbright Limited acquired a 49% stake of Everbright Securities from the parent company.[4]
In 2002, a 35% stake of Standard Life (Asia) Limited was sold to Standard Life.[4] In 2003, SeaBright Asset Management Limited was founded, a joint venture with Seagate Global Advisors (Chinese: 海基資產管理有限公司).[4] In 2000s Everbright Limited acted as a sponsor[5] in number of firm listings in Hong Kong Stock Exchange, for example, Zijin Mining in 2003.[4]
In 2011, a 51% stake of Everbright Securities (International) was sold to Everbright Securities,[4] Everbright Limited remained a minority shareholder of Everbright Securities, while Everbright Group is the largest shareholder.[citation needed]
In 2016, the company acquired the concession of Tirana International Airport, which runs until 2027. The company was the largest shareholder of China Aircraft Leasing Group Holdings.[6]
References
edit- ^ "2015 Annual Report" (PDF). China Everbright Limited. 13 April 2016. Retrieved 18 October 2016.
- ^ China Everbright Limited Profile irasia.com
- ^ Hong Kong Companies Registry
- ^ a b c d e f "Milestone and Honor". China Everbright Limited. Archived from the original on 7 October 2016. Retrieved 18 October 2016.
- ^ "About Sponsors". Hong Kong Stock Exchange. 10 July 2015. Archived from the original on 20 January 2017. Retrieved 18 October 2016.
- ^ "Annual Report 2022" (PDF). China Everbright Limited. 2022. Retrieved 2 February 2024.