[4]: 13 Researcher Zongyuan Zoe Liu writes that using a sovereign fund like Central Huijin gave "the CPC the maximum degree of flexibility to decide when it would leave the market to its own devices and when it would forcefully intervene to protect the state's interest.
[4] In 2005, the State Council approved the Comprehensive Plan for the Consolidation of Brokerage Firms, with the goal of implementing new regulatory mechanisms and rooting out misconduct in the securities field.
[4]: 85 Central Huijin wholly-owned subsidiary Jianyin Investment, along with the China Securities Investor Protection Fund, were tasked by the State Council with restructuring Chinese brokerages.
[6]: 283 This in turn gave Central Huijin's parent institution, the People's Bank of China, significant power in the securities industry despite not having formal legal oversight.
[4]: 86 Central Huijin's track record of restructuring financial institutions has largely been viewed as a success.