Great Wall Xinsheng Trust Co., Ltd
Great Wall Xinsheng Trust Co., Ltd., approved by China Banking Regulatory Commission, is a non bank company established by China Great Wall Asset Management Company, Xinjiang production and Construction Corps state owned assets management company, Shenzhen Shengjin Venture Capital Development Co., Ltd. and Yili Kazak Autonomous Prefecture finance and Credit Financing Investment Guarantee Co., Ltd. on the basis of restructuring the former Yili Kazak Autonomous Prefecture trust and investment company A financial institution with a registered capital of 300 million yuan. The company is registered in Urumqi and its management headquarters is in Shanghai.
Company profile
Great Wall Xinsheng Trust Co., Ltd., approved by China Banking Regulatory Commission, is a non bank company established by China Great Wall Asset Management Company, Xinjiang production and Construction Corps state owned assets management company, Shenzhen Shengjin Venture Capital Development Co., Ltd. and Yili Kazak Autonomous Prefecture finance and Credit Financing Investment Guarantee Co., Ltd. on the basis of restructuring the former Yili Kazak Autonomous Prefecture trust and investment company A financial institution with a registered capital of 300 million yuan. The company is registered in Urumqi and its management headquarters is in Shanghai.
Great Wall Xinsheng trust designs and issues trust plans according to the fund needs of projects or enterprises, raises funds from social qualified investors, and applies trust loans to infrastructure construction projects, operating properties or real estate development projects in the fields of transportation, urban public facilities and energy, or provides medium and short-term financing to specific enterprises to obtain trust loans The interest generated is used as the source of trust income.
Violation of laws and regulations
In January 2021, the China Banking and Insurance Regulatory Commission (CIRC) imposed a fine of 46.9 million yuan in accordance with the law for the Great Wall company's illegal acts of providing external guarantee, falsely increasing book profits and assessment profits, and exceeding performance awards; and imposed a fine of 1.5 million yuan in accordance with the law for its subsidiary Great Wall Xinsheng trust's illegal establishment of subsidiaries and serious imprudence in collateral evaluation; and imposed a fine of 1.5 million yuan in accordance with the law Another subsidiary, Great Wall West China bank, illegally accepted the bank's equity as collateral to provide financing to shareholders, and was fined 500000 yuan in accordance with the law; meanwhile, nine responsible persons were given a warning and an administrative penalty of 50000 yuan, and one responsible person was given a warning. This administrative punishment is mainly based on the violations of laws and regulations found in the early stage of our on-site inspection of the effectiveness of risk management and internal control of Great Wall company. The relevant facts involved in the case of serious violations of discipline and law in Sangzi country shall be dealt with separately by the competent authorities.
Chinese PinYin : Zhang Cheng Xin Sheng Xin Tuo You Xian Ze Ren Gong Si
GREAT WALL XINSHENG TRUST CO.,LTD
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