China Everbright Bank
| Company type | Joint-stock commercial bank |
|---|---|
| Industry | Banking, Financial services |
| Founded | August 1992 |
| Headquarters | Beijing , China |
Area served | China |
| Parent | China Everbright Group (27.97%), Central Huijin Investment (21.96%) |
China Everbright Bank Co., Ltd. ranks among the twelve joint-stock commercial banks in China. Founded in August 1992, this national joint-stock commercial bank operates under the authorization of the State Council and the People's Bank of China, with its headquarters situated in Beijing. In the 2016 Forbes Global 2000 list, it placed 139th, while its affiliated company, Everbright Securities, was positioned at 862nd.
By August 2016, China Everbright Bank was included in several major indices such as the Hang Seng China 50 Index, the FTSE China A50 Index, and Shanghai’s SSE 50 Index. Additionally, it forms part of the CSI 300 Index along with its subset, the CSI 100.
In recent developments, China Everbright Group encountered substantial difficulties when a Ponzi scheme surfaced in 2024 involving a subsidiary company that deceived investors out of more than $500 million. The Beijing Public Security Bureau has launched an investigation into the matter. Meanwhile, affected investors have staged protests outside the bank’s main office demanding engagement with top management. Reports indicate that instead of addressing these grievances, the bank has allegedly subjected protesters to harassment.
The bank’s ownership structure includes a 27.97% stake held by China Everbright Group and its affiliates. Meanwhile, Central Huijin Investment, which is the parent entity of Everbright Group, controls 21.96%, making it the second-largest shareholder. Directors appointed by Central Huijin Investment to Everbright Group’s board also hold seats on the bank’s board in accordance with a shareholders’ agreement endorsed by the State Council. As a result, both Central Huijin Investment and China Everbright Group function as intermediate parent shareholders. The ultimate controlling entity is China Investment Corporation, which operates under the supervision of the State Council of the People's Republic of China.