state-owned enterprise | |||||||
Founded | 2001 | ||||||
Headquarters | Beijing, China | ||||||
Area served
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mainland China | ||||||
Key people
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Revenue | CN¥70.539 billion (2015) | ||||||
CN¥4.594 billion (2015) | |||||||
Profit | CN¥1.514 billion (2015) | ||||||
Total assets | CN¥207.227 billion (2015) | ||||||
Total equity | CN¥17.729 billion (2015) | ||||||
Owner | Tsinghua University (100%) | ||||||
Parent |
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Website | thholding.com.cn | ||||||
Footnotes / references in a consolidated basis, excluding minority interest |
Tsinghua Holdings Corp., Ltd. | |||
Simplified Chinese | 清华控股有限公司 | ||
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Transcriptions |
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Tsinghua Holdings Corp., Ltd. is a wholly owned subsidiary of Tsinghua University, itself a public university of China. The company was established as an in-house asset management company for Tsinghua's subsidiaries that were established in 1990s by the technology transfer of research to business.
Hu Haifeng (Chinese: 胡海峰), son of former Chinese President, Hu Jintao, was appointed in 2009 as the Party Committee Secretary of Tsinghua Holdings, often regarded as the de facto highest role of the company.
The current Party Committee Secretary of Tsinghua Holdings was Long Dawei (Chinese: 龙大伟), which also served as the vice-chairman. The current chairman was Xu Jinghong (Chinese: 徐井宏).
Rong Yonglin (Chinese: 荣泳霖) was the former chairman of the holding.
Tsinghua Holdings was formally formed in 2003 (but tested as a test bed in 2001) in response to the 2001 policy of setting firewall between university and university-owned enterprises; all the shares of those subsidiaries of Tsinghua University were transferred to Tsinghua Holdings. In the announcement of the State Council of China in 2001, the plan was aimed to separate ownership and management, which professional business manager would be employed, as well as separation of assets of operating business and non-operating business. The university itself did not invested in other company anymore, but through the holding. The role of the university was supervising the holding via nominating board of directors to supervise it business plan, major investment, salary structure and other roles.
The predecessor of Tsinghua Holdings was incorporated in 26 August 1992 (as Chinese: 北京清华大学企业集团), which the university used a established company to become a new holding company in 2001 for its subsidiaries. According to 2010 Annual Report of Tsinghua Holdings, some assets that non related to its business scope were transferred back to the university.