Leo, I hope the following archived document will shed some light on your research. It predates the creation of Huachen:
https://www1.hkexnews.hk/listedco/listconews/sehk/2001/0502/1114/f113.pdf
As far as I know the Liaoning Provincial government (creator of Huachen) purchased Brilliance from the Chinese Financial Education Development Foundation in 2003.
In any event, I think you will find that the evolution of Brilliance is even more convoluted than BAIC.
The more recent formation of Renault-Brilliance joint venture, and the acquisition of Speedy Working Motors (SWM), by Xinyuan, are also now part of the larger picture.
Note: The www.jinbei.com website (copyright 2014) became www.renault-brilliance.com around 2017.
https://www1.hkexnews.hk/listedco/listconews/sehk/2001/0502/1114/f113.pdf
As far as I know the Liaoning Provincial government (creator of Huachen) purchased Brilliance from the Chinese Financial Education Development Foundation in 2003.
In any event, I think you will find that the evolution of Brilliance is even more convoluted than BAIC.
The more recent formation of Renault-Brilliance joint venture, and the acquisition of Speedy Working Motors (SWM), by Xinyuan, are also now part of the larger picture.
Note: The www.jinbei.com website (copyright 2014) became www.renault-brilliance.com around 2017.