Bao Hua Yuan

National Social Security Fund /China (NSSF) is the Government of China's pension fund which was established in 2000 by the Central Committee of the Communist Party of China and the State Council to serve as a strategic reserve fund. Headquartered in Beijing, the fund is managed by the National Council for Social Security Fund (SSF), a government agency on the ministerial level directly under the State Council of the People's Republic of China. NSSF aims to be a solution to the problem of aging by serving as a strategic reserve fund accumulated by the central government to support future social security expenditures. The reserve fund is mainly funded by capital and equity assets derived from reduction of state-owned shares, fiscal allocation of the central government, capital raised in other manners with approval of the State Council and other investment proceeds. NSSF seeks capital appreciation of assets from a combination of direct investments made by SSF and investments which SSF mandates to external managers, which operate the assets independently according to the Interim Measures, the Contracts on Investment Management and the investment guidelines stipulated by SSF.

China Investment Corp. (CIC) is a wholly state-owned investment institution which was established in 2007 under the Company Law of the People's Republic of China to hold, manage and invest their mandated assets to maximize shareholder's value. Headquartered in Beijing, CIC's activities include domestic investments in debt securities denominated in foreign currencies and other financial products denominated in foreign currencies; overseas investments in debt securities, stocks, funds and derivative instruments and other financial products; domestic and overseas equity investments; overseas investments through external fund managers; provision of loans through entrusted financial institutions; management of entrusted foreign exchange assets; establishment of equity investment funds and fund management companies as a promoter and other businesses approved by the relevant governmental authorities. The firm invests in domestic financial institutions primarily through their wholly-owned subsidiary, Central Huijin Investment Ltd. While they operate independently, CIC remains accountable to the State Council of the People's Republic of China and, ultimately, to the citizens of the People's Republic of China. Their investments are not limited to any particular sector, geography or asset class and include equity, fixed-income and alternative assets.

China Investment Corp. (Investment Management) (CIC-IM) is the investment management division of state-owned China Investment Corp., which was founded in 2007 by the Ministry of Finance to hold, manage and invest their mandated assets to maximize shareholder value. Headquartered in Beijing, CIC-IM was established as a vehicle to diversify China's foreign exchange holdings and seek maximum returns for its shareholder within acceptable risk tolerance.

Chinese Academy of Fiscal Sciences engages in the studies in fiscal and economic theories and policies. It advises on the issues related to government policy-making and governance. It compromises 25 internal organizations, including 12 research centers, 5 graduate school departments, 6 supporting departments, and 2 subsidiary associations. Graduate School of Finance specializing in postgraduate education management. it trains and cultivates financial, accounting, national economic management, business management and other high-end professionals for government agencies, enterprises and institutions, and scientific research and teaching units. The academy was founded in June 1956 and is headquartered in Beijing, China.

Chinese Academy of Governance engages in the education services. It owns and operates universities and colleges. It trains civil servants at the provincial & ministerial level and at the department & bureau level, leaders of major state-owned enterprises, state emergency management personnel and other government department. The company was founded in 1994 and is headquartered in Beijing, China.