CHINA CREDIT TRUST CO., Ltd.(zhong cheng xin tuo you xian ze ren gong si )

China Credit Trust Co

Zhongcheng Trust Co., Ltd., referred to as Zhongcheng trust for short, was initially called Zhongmei trust. It was established in November 1995 and completed capital increase and share expansion in October 2010. Its registered capital increased to 2.4 billion yuan. It is a trust company directly supervised by China Banking Regulatory Commission. Since its establishment, the company has always been market-oriented, and the company's asset safety, liquidity and profitability indicators have been among the top in the industry. In September 2001, it completed the work of assets and capital verification and business rectification, and became the first trust and investment company approved to be re registered in China. In March 2010, with the approval of China Banking Regulatory Commission, Zhongcheng baojiesi Money Brokerage Co., Ltd. opened its business, operated in accordance with the law, developed steadily, and remained profitable for 13 consecutive years.

Organization

Zhongcheng Trust Co., Ltd. has established a corporate governance structure with the board of shareholders, the board of directors, the board of supervisors and the management as the main body; in accordance with the company law and the articles of association, it has formulated the rules of procedure of the board of directors and the rules of procedure of the board of supervisors, which have defined the scope of responsibilities, discussion system and decision-making procedures of the board of shareholders, the board of directors, the board of supervisors and the management, It has realized the reasonable authorization and effective supervision of the board of directors on the management; established four professional committees of risk management, trust, audit and compensation, defined their respective responsibilities and working rules; established independent directors and established the rules of procedure for independent directors according to the guidelines on the governance of trust companies issued by the CBRC.

Composition of shareholders

Historical evolution

Zhongcheng Trust Co., Ltd. (formerly China Coal Trust), established in November 1995, is a trust company directly under the supervision of China Banking Regulatory Commission under the leadership of the Party committee of China Banking Regulatory Commission. in November 1995, the company completed the registration, with a registered capital of 400 million yuan, including foreign exchange capital of 15 million US dollars. in December 1995, China Coal Trust and Investment Co., Ltd. officially opened. in September 2001, it completed the work of assets and capital verification and business rectification, and became the first trust and investment company approved for re registration in China. in February 2004, the company completed the capital increase and share expansion and name change, and the registered capital increased to 1.2 billion yuan, with 13 existing shareholders. in August 2005, it obtained the qualification of the first batch of corporate trustee of enterprise annuity fund. in December 2005, approved by the CBRC, it became the first trust company in China to obtain the qualification of SPT trustee. in July 2007, approved by the CBRC, it became one of the first trust companies in China to issue new financial licenses. In December of the same year, it completed the industrial and commercial registration and the change of company name. In October 2008, with the approval of the State Council, the Ministry of Finance allocated 32.35% of the state-owned equity of Zhongcheng trust to the people's Insurance Corporation of China in the form of increasing state investment. in November 2008, with the approval of the CBRC (No. 480 of the CBRC), it obtained the qualification of entrusted overseas financing business. in July 2009, approved by the CBRC (No. 263 of the CBRC), it obtained the qualification to engage in equity investment business (PE business) with its own assets. in September 2010, the company completed the registration change registration of capital increase and share expansion, and the registered capital of the company increased to RMB 2.457 billion, with 15 shareholders. in September 2011, approved by the State Administration of foreign exchange (HuiFu No. 148), the amount of entrusted overseas financial investment was increased by US $300 million.

Honors

1. China Trust Association's "2006 China Trust Company ranking list" first; 2. "China's best financial institutions ranking list" and "trust company of the year"; 3. The second "trustworthiness trust" Cup "China Trust Company's" best risk control Award "; 4. The third" China excellent trust company "award

Nature of Business

Permitted business items: fund trust; movable and real estate trust; securities trust; other property or property rights trust; investment fund business as the initiator of investment fund or fund management company; enterprise assets reorganization, merger and acquisition, project financing, corporate finance, financial consulting and other business; entrusted operation of securities underwriting business approved by relevant departments of the State Council; handling intermediary, consulting, credit investigation and other business; acting custody and safe deposit box business; using inherent property in the form of interbank deposit, interbank offer, loan, lease and investment; providing guarantee for others with inherent property; engaging in interbank lending; other business as required by laws and regulations or approved by China Banking Regulatory Commission.

Business advantages

In accordance with the requirements of the new trust laws and regulations, Zhongcheng Trust Co., Ltd. has constructed a business system, standardized business operation, and formed a conventional business system with trust, self-management, and securities investment as the main contents. At the same time, it has strengthened the research and development of new business, opened up market space for sustainable operation, and took the lead in obtaining the qualification of trustee for enterprise annuity and asset securitization in China. Through system innovation, reform of internal organization and management mode, improvement of incentive and restraint mechanism, effectively stimulate the enthusiasm and creativity of employees, and enhance the company's operation and development ability.

product development

Relying on the unique functions of the right reconstruction of the trust system, bankruptcy isolation and the advantages across the three major markets of capital, currency and industry, the company flexibly uses various ways such as equity investment, creditor's rights, lease and sale, We have researched and developed diversified financial products. Based on the successful launch of equity trust, accounts receivable trust, bank credit asset transfer trust, enterprise annuity trust, asset securitization and other products, the company has vigorously developed new share subscription trust and bank trust cooperative financial services since 2007, ranking among the top in the industry in terms of market scale. At the same time, it makes a deep research on REITs, PE, industrial investment trust and fof.

Chinese PinYin : Zhong Cheng Xin Tuo You Xian Ze Ren Gong Si