Cases
Hylands assists China Railway Investment Co. Ltd. to become a shareholder of the Bank of Hainan
On June 10, 2020, according to the official website of the China Banking and Insurance Regulatory Commission Hainan Office, it was agreed that China Railway Investment Co. Ltd. would hold 360 million shares of Bank of Hainan Co. Ltd., accounting for 12% of the total share capital, following the Reply of the China Banking and Insurance Regulatory Commission Hainan Office on the Change of Shareholders of Bank of Hainan Co. Ltd. [QYBJF (2020) No.50].
China Railway Investment Co. Ltd. (China Railway Investment) is a wholly-owned enterprise directly under China State Railway Group Co. Ltd. (China Railway Group), which undertakes the functions of state-owned capital investment and asset management, railway asset resource development and financial and insurance services within the scope authorized by China Railway Group. Bank of Hainan Co. Ltd. (Bank of Hainan) is a joint-stock city commercial bank established with the consent of the State Council and the approval of the China Banking and Insurance Regulatory Commission. It is also the only provincial corporate commercial bank in Hainan Province. The investment of China Railway Investment in the Bank of Hainan marked the entry of the national railway capital into the banking sector and was another important progress made in the reform of the railway’s mixed ownership.
