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The Controlling Shareholder

China Reform Holdings Corporation

History
Under direct supervision of SASAC, CRHC was established in December 2010 as an asset management company, with a registered capital of RMB 11.5 billion. 

As an asset management platform, CRHC takes the following responsibilities:
- Pushing forward central state-owned enterprise’s reform and restructuring process
- Assisting in enhancing their core competences and participating in their IPO transactions or non-public joint stock reform
- Making strategic investments in new emerging industries as well as other sectors related to national security and economic lifelines
- Holding shares of the central state-owned enterprises for SASAC
- Providing services to full-time independent directors from other central state-owned enterprises

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