China Fortune Trust

Last updated
China Fortune International Trust
subsidiary
IndustryFinancial services
PredecessorFoshan International Trust Investment
Founded24 December 2008 (2008-12-24)
Founder Huadian
RevenueIncrease2.svg CN¥ 000946 million (2014)
Increase2.svg CN¥000706 million (2014)
Increase2.svg CN¥000523 million (2014)
AUM Increase2.svg CN¥160.815 billion (2014)
Total assets Decrease2.svg CN¥003.289 billion (2014)
Total equity Increase2.svg CN¥003.131 billion (2014)
Owner
  • Chinese Central Government
  • (via Huadian (100%))
Parent
Huadian (direct)
SASAC (intermediate)
State Council (ultimate)
Website cfitc.com
Footnotes /references
source [1]
China Fortune International Trust
Simplified Chinese 华鑫国际信托
Traditional Chinese 華鑫國際信託
China Fortune Trust
Simplified Chinese 华鑫信托
Traditional Chinese 華鑫信託

China Fortune International Trust Co., Ltd. known as China Fortune Trust is a Chinese investment management company which license to create private equity fund (as trust). The company is a wholly owned subsidiary of state-owned China Huadian Corporation.

Contents

History

China Fortune International Trust Co., Ltd. was re-registered on 24 December 2008, after Huadian acquired the license from dormant company Foshan International Trust Investment Co., Ltd.. The company was also relocated from Foshan to Beijing.

Private equity funds

Related Research Articles

CITIC Group Corporation Ltd., formerly the China International Trust Investment Corporation, is a state-owned investment company of the People's Republic of China, established by Rong Yiren in 1979 with the approval of Deng Xiaoping. Its headquarters are in Chaoyang District, Beijing. As of 2019, it is China's biggest state-run conglomerate with one of the largest pools of foreign assets in the world.

Founder Group is a major Chinese technology conglomerate that deals with information technology, pharmaceuticals, real estate, finance, and commodities trading. It is divided into five major industry groups, each covering a separate industry: PKU Founder IT Group (IT), PKU Healthcare Group, PKU Resource Group, Founder Financial (finance), and Founder Commodities.

China Huadian Corporation is one of the five largest state-owned power generation enterprises in China, administrated by SASAC for the State Council of the People's Republic of China, engaging in production and supply of electricity and heat, and the development of power-related primary energy. It produces about 10% of China's power along with Huaneng Group, Datang Group, Guodian Group and CPI Group.

BYD Company Chinese company

BYD Co Ltd is a Chinese manufacturer of automobiles, battery-powered bicycles, buses, forklifts, solar panels, rechargeable batteries, trucks, etc with its corporate headquarters in Shenzhen. It has two major subsidiaries, BYD Automobile and BYD Electronic. It was founded in February 1995.

Founder BEA Trust Co., Ltd. is a Chinese trust company, formerly known as Wuhan International Trust and Investment Corporation. Founder BEA Trust was a subsidiary of Founder Group for 70.01% stake, with Bank of East Asia owned 19.99%. The third largest shareholder was Wuhan Financial Holdings Group, a company owned by Wuhan Municipal People's Government, for 10% stake. However, in 2016 Wuhan Financial Holdings Group acquired 57.51% stake from Founder Group. An additional 12.5% stake sold by Founder Group to their associate company China Hi-Tech Group was still pending the approval from China Banking Regulatory Commission, according to the third quarterly report of China Hi-Tech Group in 2016.

Guosen Securities

Guosen Securities Company Limited is a Chinese state-owned financial services company headquartered in Shenzhen, China, with more than 70 branches and 11,500 employees nationwide. It has offices in 47 major cities in China including Shenzhen, Beijing, Guangzhou, Foshan, Nanjing, Shanghai, Tianjin and Hong Kong. Guosen Securities provides sales and trading, investment banking, research, asset management, private equity, and other financial services with both institutional and retail clients in China and Hong Kong. It also operates a trading platform called GuoXin TradingStation.

This is a list of state-owned enterprises of China. A state-owned enterprise is a legal entity that undertakes commercial activities on behalf of an owner government. Their legal status varies from being a part of government to stock companies with a state as a regular or dominant stockholder. There is no standard definition of a government-owned corporation (GOC) or state-owned enterprise (SOE), although the two terms are often used interchangeably. The defining characteristics are that they have a distinct legal shape and they are established to operate in commercial affairs. While they may also have public policy objectives, SOEs should be differentiated from other forms of government agencies or state entities that are established to pursue purely non-financial objectives. The role of the Communist Party of China in SOEs has varied at different periods but has increased during the rule of Xi Jinping, with the Party formally taking a commanding role in all SOEs as of 2020.

CSC Financial Co., Ltd. trading as China Securities, is a Chinese investment bank and brokerage firm established by CITIC Securities and China Jianyin Investment in 2005 in a 60–40 ratio, as a successor of bankrupted China Securities Co., Ltd. (CSC). However, the firm now majority owned by Jianyin Investment's parent company Central Huijin Investment and an asset managing subsidiary of Beijing Municipal People's Government.

New China Life Insurance Co., Ltd. also known as New China Insurance (NCI) or Xinhua Baoxian Jituan is a Chinese life insurance company based in Beijing. Chinese government owned more than half of the shares of the company via sovereign fund Central Huijin, via state-owned enterprise Baosteel Group and a financial service company China Securities Finance.

Yingda International Trust Co., Ltd. is a Chinese trust company and asset management firm that was majority owned by State Grid Corporation of China. Yingda Trust was founded in March 1987, as Jinan International Trust and Investment Corporation. Yingda Trust owned Yingda Asset Management for 49% stake. The company was headquartered in Jinan, but in 2010 moved to Beijing.

Leshi Zhixin Electronic Technology (Tianjin) Co., Ltd. is a Chinese television manufacturer which was a subsidiary of Le.com. On 13 January 2017 it was announced that Sunac China would bought part of the stake, as well as subscription of new shares. Other new investors of the company were Huaxia Life Insurance (1.1310%) and a private equity fund LeRan Investment.

China Minsheng Trust Co., Ltd. is a Chinese trust and investment management company. The company formerly known as China Tourism International Trust Investment Co., Ltd. founded in 1994.

China Oceanwide Holdings Group Co., Ltd. known also as China Oceanwide is a Chinese privately owned investment company. It is the parent company of publicly traded company Oceanwide Holdings as well as the largest shareholder of another public company Minsheng Holding.

Sinobioway Group

Sinobioway Group Co., Ltd. was one of the university-owned enterprises of Peking University. The company currently majority (60%) owned by a Peking University professor and other employee of Peking University. The pinyin of the Chinese short name was Wèimíng Jítuán, literally Anonymous Group. However, Sinobioway was not related to other Weiming Group, such as Weiming (Fujian) Investment Group.

China Foreign Economy and Trade Trust Co., Ltd. known as FOTIC is a Chinese asset management company. The company is a wholly owned subsidiary of Sinochem Group.

Puhua Investment Co., Ltd. is a Chinese company based in Tai'an, Shandong Province. As at 31 December 2015, state-owned enterprise Potevio owned 39.04% stake as the largest shareholder.

Potevio Group Corporation is a Chinese company. It was one of the 102 state-owned enterprises that is supervised by the State-owned Assets Supervision and Administration Commission of the State Council. Potevio Group Corporation is the parent company of Potevio Co., Ltd..

CITIC Trust Co., Ltd. is a Chinese investment management company, with license to create private equity fund. The company was a subsidiary of CITIC Group. However, after a reverse takeover, CITIC Limited became the parent company for 100% stake.

Bank of Taian Co., Ltd. trading as Taian Bank is a Chinese urban commercial bank based in Tai'an, Shandong Province.

Bohai International Trust Co., Ltd. (BITC) known as just Bohai Trust, is a Chinese investment management company based in Shijiazhuang, Hebei Province. The company has licensed to create trust. The company is a subsidiary of HNA Group for 51.23% shares, plus additional 22.10% shares via China Xinhua Airlines, a subsidiary (83.39%) of Hainan Airlines. Hainan Airlines, a listed company, is partially owned by HNA Group. The remain 26.67% shares of the trust company were owned by another subsidiary of HNA Group, which the group owned 72.98% stake of that subsidiary directly and indirectly.

References

  1. "2014 Annual Report" (PDF) (in Chinese). China Fortune International Trust. 4 May 2015. Retrieved 11 February 2017.
  2. 华鑫信托·鑫保47号集合资金信托计划 (in Chinese). China Fortune Investment Trust. 2016. Retrieved 10 February 2017.