SASAC Supervisory Board leaders visit FOTIC

A delegation led by Dong Shukui, Chairman of the Supervisory Board of the State-Owned Assets Supervision and Administration Commission of the State Council (SASAC), visited China Foreign Economy and Trade Trust Co., Ltd. (FOTIC) on March 20. FOTIC Chairman Yang Lin and other senior executives of the company attended the meeting.

Welcoming the leaders of the SASAC Supervisory Board to FOTIC, FOTIC General Manager Elzat delivered a briefing on the company’s business status, business management, strategic planning and risk management.

The leaders inquired about the development, models, features, direction and risk control of FOTIC’s six business fields: micro finance, securities trust, capital market, inter-financial institutional business, industrial finance and wealth management.

Speaking on the occasion, Dong said that the visit deepened his understanding of trust. “As a long-established trust company under a central industrial enterprise, FOTIC has conducted steady operations, controlled risks effectively, made enormous profit and achieved outstanding business performance. In the future, FOTIC should strengthen internal collaboration through Sinochem’s industrial resources, continue to bring its advantage into play, and make its trust business more distinctive, larger and stronger. At the same time, it should serve Sinochem and industries, provide financial support for the reform and development of Sinochem, promote the transformation of the state-owned enterprise and boost industrial development,” said Dong.

Thanking the leaders for their guidance, Yang said, “FOTIC will continue to rely on Sinochem’s industrial resources, employ the license advantage of trust, connect capital and assets, conduct operations based on trust, promote industrial collaboration and industry-finance integration, and take a road of specialized and characteristic development.”

Following the meeting, the delegation visited FOTIC’s office area and wealth management center. They spoke highly of the mental outlook of employees and the overall corporate culture at the company.