Industrial Trust Named Most Influential Trust Company in China
OREANDA-NEWS. October 31, 2011. The "Fourth Awards Ceremony of China Outstanding Trust Companies and Peak Forum on Wealth Management” sponsored by Securities Times was held in Shenzhen. China Industrial International Trust Limited (“Industrial Trust” for short), a subsidiary fully owned by Industrial Bank, won the “2011 Most Influential Trust Company in China” with its good development momentum and outstanding performance since its stock restructuring. Meanwhile, the “Industrial Trust CR Phase 1 Fund Trust Program for Securities Investment Portfolio” jointly issued by Industrial Trust and Shanghai CR Assets Management Co., Ltd. won the “2010 Best Trust Program for Securities Investment”, reported the press-centre of Industrial Bank.
It is reported that the “Appraisal of China Outstanding Trust Companies” has been held successfully three times, and the event covers many trust companies across China, with constantly increasing market influence. The awards of this appraisal were divided into two categories: general award and award for outstanding trust product.
As a subsidiary of IB, Industrial Trust was founded in March 2003 and it is the third trust company controlled by a commercial bank with the approval of the State Council. Meanwhile, it is also the only trust company in Fujian Province (excluding Xiamen Special Economic Zone), and it is also among the first group of trust companies introducing strategic investors from abroad. Centering on the service principle of “establishing credit and business, and guarding trust in sincerity”, Industrial Trust commits itself to providing superior and efficient trust services to customers, with all businesses witnessing the momentum of fast and healthy development. After 2010, in particular, all major operation indicators have reached the highest level since its establishment.
By August 2011, Industrial Trust has 331 existing trust projects, boasting a scale of trust businesses up to RMB 81.341 billion. Featuring securities investment trust, Industrial Trust has enhanced its brand reputation and market influence in the business field, ranking front among trust companies in China in terms of such indicators as quantity of newly-issued securities investment trust products and scale of newly-increased securities investment trust business. In addition, it has established business cooperation with most of the top 50 private placement trust companies in China.
Up to now, Industrial Trust has established over 100 securities investment trust products, with its scale of securities investment trust business surpassing RMB 20 billion. In the first half year, it issued 53 new securities investment trust products, with a scale reaching to RMB 9.440 billion and it occupied 31.50% market shares, ranking No.1 among trust companies across the country. The accumulated yield rate of “Industrial Trust CR Phase 1 Fund Trust Program for Securities Investment Portfolio” winning the “Best Trust Program for Securities Investment” this time has reached 62.79% since its establishment in October 2010, ranking No.1 among 646 sunshine private placement products listed in statistics across China.
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