OREANDA-NEWS. June 24, 2011. The Fifth "Honest Trust" award election and China Trust Industry Summit were held in Shanghai a few days ago. Hwabao Trust won "Honest Trust" outstanding company award and also won the Value Trust Product award because of responding government people's livelihood policy of ChangXing island auxiliary commercial apartment project company investment fund trust. Hwabao Trust has won "Honest Trust" award for five consecutive years.

Annually "Honest Trust" award is a authority election which is sponsored by Shanghai Securities Newspaper Office and aiming at trust industry. The election choose civil top-ranking trust research specialist act as judge and using the way of quantitative evaluation and qualitative evaluation to elect. In the last four elections, its objectivity and authority obtain the respect of market and wide range attention from trust industry.

Hwabao Trust subservient to the steady and strict manner of BaoSteel and alway subject to " profit maximum of beneficiary". It has profited for thirteen consecutive years and increased company registered capital to RMB 2 billion in January this year. The trust plan which cashed by Hwabao Trust has never belowed the expected rate of return and always keep the highest industry grade level of CBRC.