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China Minsheng Trust

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China Minsheng Trust
FormerlyChina Tourism International Trust Investment
Company typeSubsidiary
IndustryFinancial services
Founded
  • 1994
  • 16 April 2013 (2013-04-16)
Headquarters
Beijing
,
China
Services
  • trust
  • investment management
RevenueIncrease CN¥1.082 billion (2015)
Increase CN¥514.5 million (2015)
Increase CN¥391.3 million (2015)
Total assetsIncrease CN¥4.710 billion (2015)
Total equityIncrease CN¥3.594 billion (2015)
Owner
Number of employees
Increase 228 (2015)
ParentOceanwide Holdings
Websitemsxt.com
Footnotes / references
source[1]
China Minsheng Trust Co., Ltd.
Simplified Chinese中国民生信托有限公司
Traditional Chinese中國民生信託有限公司
Transcriptions

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.

History

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China Tourism International Trust Investment Co., Ltd. (Chinese: 中国旅游国际信托投资有限公司) was founded in 1994. In 1999, the stake (30.85%) held by China National Tourism Administration was transferred to Beijing Tourism Group.[citation needed]

In 2003, most of the assets and branches were acquired by Century Securities. However, China Tourism Trust was allowed to keep the license. In 2004, a scandal was exposed, which the Tianjin branch of China Tourism Trust stole the fund entrusted by Tianjin House Fund Management Center [zh].

On 16 April 2013, the company was re-established as China Minsheng Trust Co., Ltd. China Oceanwide Holdings Group was the largest shareholder for 69.3%, Beijing Tourism Group for 30%, CYTS Group (the parent company of China CYTS Tours Holding) for 0.4%, China Railway Travel Service for 0.2% stake and China Comfort Travel Group for 0.1% stake.[2]

In 2014, China Oceanwide Holdings Group and its subsidiary, listed company Oceanwide Holdings (SZSE: 000046) subscribed the capital increase of CN¥billion (CN¥1 billion in share capital and CN¥1 billion in share premium).[3]

In 2016, Oceanwide Holdings subscribed CN¥4 billion nominal value of stock of the company (plus share premium CN¥1.6872 billion),[4] as well as acquired the stake held by the parent company China Oceanwide Holdings Group.[5]

In September the company acquired the license to manage foreign assets.[6] In December the trust acquired the license to enter futures market.[7]

See also

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References

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  1. ^ "2015 Annual Report" (in Chinese). China Minsheng Trust. 2016. Archived from the original (PDF) on February 12, 2022. Retrieved 22 January 2017.
  2. ^ 关于中国旅游国际信托投资有限公司重新登记等有关事项的批复 (in Chinese). China Banking Regulatory Commission (CBRC). 15 April 2013. Archived from the original on 2 February 2017. Retrieved 22 January 2017.
  3. ^ "2014 Annual Report" (PDF). Oceanwide Holdings (in Chinese). Shenzhen Stock Exchange. 4 April 2015. Archived from the original (PDF) on February 2, 2017. Retrieved 22 January 2017.
  4. ^ 关于收购中国民生信托有限公司部分股权并参与其增资的进展公告 (PDF). Oceanwide Holdings (in Chinese). Shenzhen Stock Exchange. 1 April 2016. Archived from the original (PDF) on 2 February 2017. Retrieved 22 January 2017.
  5. ^ 关于中国民生信托有限公司变更股权、增资及调整股权结构的批复 (in Chinese). CBRC. 25 March 2016. Archived from the original on 2 March 2019. Retrieved 22 January 2017.
  6. ^ 关于中国民生信托有限公司受托境外理财业务资格的批复 (in Chinese). CBRC (Beijing branch). 14 September 2016. Archived from the original on 2 February 2017. Retrieved 22 January 2017.
  7. ^ 关于中国民生信托有限公司股指期货交易业务资格的批复 (in Chinese). CBRC (Beijing branch). 28 December 2016. Archived from the original on 2 February 2017. Retrieved 22 January 2017.
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