FOTIC holds 2017 Work Conference

China Foreign Economy and Trade Trust Co., Ltd. (FOTIC) held 2017 Work Conference on January 18.

Themed “Metamorphosis”, the conference reviewed FOTIC’s overall business operation and budget performance in 2016 while analyzing the current status of the trust industry. In addition, it reflected on the difficulties and challenges faced by the company and dissected its advantages and opportunities, besides setting new goals, mapping out new strategies and arranging key work for 2017.

The conference also discussed the driving and inspiring role that information technology, financial technology, and innovations play in the trust industry. Moreover, the gathering commended the outstanding individuals and collectives that made remarkable contributions to the company in 2016 and awarded commemorative medals to employees who have worked at the company for five years, 10 years and 30 years in a special form, thereby encouraging them to grow with the company.

The conference observed that in 2016, FOTIC made progress in the face of several growth constraints, such as domestic economic restructuring, growth slowdown, tightening of regulatory policies and constant fluctuations in the capital market. The company built consensus, tapped potential, pooled wisdom and efforts, and pressed ahead with the transformation and innovation of six strategic businesses, thereby achieving outstanding business performance with operating revenues of RMB 1.998 billion and profits amounting to RMB 1.65 billion (up by 9 percent year on year), fulfilling 108 percent and 110 percent of its annual business targets respectively.

According to FOTIC General Manager Elzat  , the company faced drastic changes and challenges as well as great development opportunities and favorable conditions in 2016. He said, “FOTIC’s team braved the challenges by staying problem-oriented and remaining true to the shared goal. It perseveringly carried out reforms in business innovation and management, thereby accomplishing effective, healthy and sustainable growth. In 2017, the company will continue to focus on innovation and growth, while advancing the T strategy. It will do its best in meeting customer needs, renovating its business model, enriching management connotations, consolidating aggregate resources and capabilities, upgrading its business structure, building product and organizational power, and improving the capabilities of industrial service, product innovation and operation service, in a bid to build a leading financial company.”

Later in the conference, FOTIC’s business departments signed business performance pledges with the company, making solemn commitments on accomplishing their missions and ensuring the implementation of corporate strategies.

FOTIC’s senior executives, representatives of group departments and staff of corporate departments at or above the levels of assistant general manager and business director attended the conference.