China Everbright Limited is a

Hong Kong Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...

-based

financial services Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns finan ...

company in

asset management Asset management is a systematic approach to the governance and realization of all value for which a group or entity is responsible. It may apply both to tangible assets (physical objects such as complex process or manufacturing plants, infrastr ...

investment Investment is traditionally defined as the "commitment of resources into something expected to gain value over time". If an investment involves money, then it can be defined as a "commitment of money to receive more money later". From a broade ...

and

merchant bank A merchant bank is historically a bank dealing in commercial loans and investment. In modern British usage, it is the same as an investment bank. Merchant banks were the first modern banks and evolved from medieval merchants who traded in comm ...

in the

Greater China In ethnogeography, "Greater China" is a loosely-defined term that refers to the region sharing cultural and economic ties with the Chinese people, often used by international enterprises or organisations in unofficial usage. The notion contains ...

region, including

mainland China "Mainland China", also referred to as "the Chinese mainland", is a Geopolitics, geopolitical term defined as the territory under direct administration of the People's Republic of China (PRC) in the aftermath of the Chinese Civil War. In addit ...

and

. It is part of the China Everbright Group, a

state-owned enterprise A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goo ...

operated under the supervision of the

State Council of the People's Republic of China The State Council of the People's Republic of China, also known as the Central People's Government, is the chief administrative authority and national cabinet. It is constitutionally the highest administrative organ of the country and the e ...

(via Central Huijin Investment and the

Ministry of Finance A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position . A ministry of finance's portfoli ...

). China Everbright Limited is considered a

red chip Red chip stocks () are the stocks of mainland China companies incorporated outside mainland China and listed in Hong Kong. It refers to businesses based in mainland China and with (majority) shares controlled either directly or indirectly by a ...

stock on the

Hong Kong Stock Exchange The Stock Exchange of Hong Kong (, SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. It is one of the largest stock exchanges in Asia and the List of major stock exchanges, 9th largest globally by market ...

. China Everbright Limited (CEL) is a leading investment conglomerate based in

China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...

, with a focus on

, and direct investments. Established in 1983, CEL operates across various sectors including

bank A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...

ing,

securities A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any for ...

insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect ...

, and

infrastructure Infrastructure is the set of facilities and systems that serve a country, city, or other area, and encompasses the services and facilities necessary for its economy, households and firms to function. Infrastructure is composed of public and pri ...

. With a reputation for strategic investments and financial expertise, CEL plays a significant role in China's

economic development In economics, economic development (or economic and social development) is the process by which the economic well-being and quality of life of a nation, region, local community, or an individual are improved according to targeted goals and object ...

and global investment landscape.

History

The 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. 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. On 18 July 1999, Everbright Limited acquired a 49% stake of Everbright Securities from the parent company. In 2002, a 35% stake of Standard Life (Asia) Limited was sold to Standard Life. In 2003, SeaBright Asset Management Limited was founded, a joint venture with Seagate Global Advisors (). In 2000s Everbright Limited acted as a sponsor in number of firm listings in

, for example, Zijin Mining in 2003. In 2011, a 51% stake of Everbright Securities (International) was sold to Everbright Securities, Everbright Limited remained a minority shareholder of Everbright Securities, while Everbright Group is the largest shareholder. 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. China Everbright Group has been involved in numerous scandals lately, including a Ponzi scheme exposed in 2024. It used a company under its control to set up a Ponzi scheme to swindle hundreds of investors over $500m.

References

External links

* {{authority control Companies listed on the Hong Kong Stock Exchange Financial services companies established in 1997 Government-owned companies of China Financial services companies of China China Everbright Group