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.
| Formerly | China Tourism International Trust Investment |
|---|---|
| Company type | Subsidiary |
| Industry | Financial services |
| Founded |
|
| Headquarters | Beijing , China |
| Services |
|
| Revenue |  CN¥1.082 billion (2015) |
| CN¥514.5 million (2015) | |
| CN¥391.3 million (2015) | |
| Total assets | CN¥4.710 billion (2015) |
| Total equity | CN¥3.594 billion (2015) |
| Owner |
|
Number of employees | 228 (2015) |
| Parent | Oceanwide Holdings |
| Website | msxt.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 | ||
| |||
History edit
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.
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¥2 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 edit
- Minsheng Securities sister company
References edit
- ^ "2015 Annual Report" (in Chinese). China Minsheng Trust. 2016. Archived from the original (PDF) on February 12, 2022. Retrieved 22 January 2017.
- ^ 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.
- ^ "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.
- ^ 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.
- ^ 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.
- ^ 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.
- ^ 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.
External links edit
- Official website (in Chinese)