China Everbright Limited
Encyclopedia
China Everbright Limited is a financial services
company in asset management, direct investment
, brokerage and investment banking
in the Greater China
region, including Mainland China
and Hong Kong
. It is parented
by China Everbright Group, a state-owned enterprise operated under the supervision of the State Council of the People's Republic of China
.
China Everbright Holding Company Limited was established in Hong Kong in 1983. It then acquired several listed companies and restructured to form China Everbright Limited and China Everbright International Limited . China Everbright Limited was listed on the Hong Kong Stock Exchange
in 1997.
activities and the provision of financial services
. Prior to 2002, Everbright had no asset management department. Mr. Guo You, the CEO at the time set a goal to make Everbright one of China's premier investment firms. Now, Everbright conducts its business activities in three areas: short-term investments, financial services and long-term investments plus other operations. The Company provides portfolio management
services for institutional and individual clients, such as China Everbright Dragon Fund, or it's SeaBright China Special Opportunities Fund series of direct investment funds, the first of the series that was launched in 2004 in a joint venture with Seagate Global Advisors, LLC. It provides financial advisory services, such as share placements, mergers and acquisitions
(M&A), privatization
and project financing.
Financial services
Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance companies, consumer finance companies,...
company in asset management, direct investment
Investment
Investment has different meanings in finance and economics. Finance investment is putting money into something with the expectation of gain, that upon thorough analysis, has a high degree of security for the principal amount, as well as security of return, within an expected period of time...
, brokerage and investment banking
Investment banking
An investment bank is a financial institution that assists individuals, corporations and governments in raising capital by underwriting and/or acting as the client's agent in the issuance of securities...
in the Greater China
Greater China
Greater China is a term used to refer to mainland China, Hong Kong, Macau and Taiwan. As a "phrase of the moment", the precise meaning is not entirely clear, and people may use it for only the commercial ties, only the cultural actions, or even as a euphemism for the Two Chinas, while others may...
region, including Mainland China
Mainland China
Mainland China, the Chinese mainland or simply the mainland, is a geopolitical term that refers to the area under the jurisdiction of the People's Republic of China . According to the Taipei-based Mainland Affairs Council, the term excludes the PRC Special Administrative Regions of Hong Kong and...
and Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
. It is parented
Parent company
A parent company is a company that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors; the second company being deemed as a subsidiary of the parent company...
by China Everbright Group, a state-owned enterprise operated under the supervision of the State Council of the People's Republic of China
State Council of the People's Republic of China
The State Council of the People's Republic of China , which is largely synonymous with the Central People's Government after 1954, is the chief administrative authority of the People's Republic of China. It is chaired by the Premier and includes the heads of each governmental department and agency...
.
China Everbright Holding Company Limited was established in Hong Kong in 1983. It then acquired several listed companies and restructured to form China Everbright Limited and China Everbright International Limited . China Everbright Limited was listed on the Hong Kong Stock Exchange
Hong Kong Stock Exchange
The Hong Kong Stock Exchange is a stock exchange located in Hong Kong. It is Asia's third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and the Shanghai Stock Exchange and fifth largest in the world...
in 1997.
Business areas
The Company, through its subsidiaries and associates, is principally engaged in investmentInvestment
Investment has different meanings in finance and economics. Finance investment is putting money into something with the expectation of gain, that upon thorough analysis, has a high degree of security for the principal amount, as well as security of return, within an expected period of time...
activities and the provision of financial services
Financial services
Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance companies, consumer finance companies,...
. Prior to 2002, Everbright had no asset management department. Mr. Guo You, the CEO at the time set a goal to make Everbright one of China's premier investment firms. Now, Everbright conducts its business activities in three areas: short-term investments, financial services and long-term investments plus other operations. The Company provides portfolio management
Investment management
Investment management is the professional management of various securities and assets in order to meet specified investment goals for the benefit of the investors...
services for institutional and individual clients, such as China Everbright Dragon Fund, or it's SeaBright China Special Opportunities Fund series of direct investment funds, the first of the series that was launched in 2004 in a joint venture with Seagate Global Advisors, LLC. It provides financial advisory services, such as share placements, mergers and acquisitions
Mergers and acquisitions
Mergers and acquisitions refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling, dividing and combining of different companies and similar entities that can help an enterprise grow rapidly in its sector or location of origin, or a new field or...
(M&A), privatization
Privatization
Privatization is the incidence or process of transferring ownership of a business, enterprise, agency or public service from the public sector to the private sector or to private non-profit organizations...
and project financing.