FOTIC Wins Two Awards, Including ‘2017 Outstanding Risk-Preventing Trust Company’

In recognition of its steady operations and outstanding risk control, China Foreign Economy and Trade Trust Co., Ltd. (FOTIC) won the “2017 Outstanding Risk-Prevention Trust Company” award at the 2017 China Trust Summit held on July 7 in Beijing. In addition, “FOTIC-Qianyuan TOT Assembled Funds Trust Plan” won the “2017 Outstanding Securities Investment Trust Plan” award.

Risk management is a perpetual challenge for financial institutions. Risk management capability determines the core competitiveness of a financial institution. FOTIC has established a comprehensive risk management system, built three defense lines (foreground, middle ground, background), kept to the bottom line of compliance, controlled substantial risks and accomplished lifecycle risk management of projects with focus on optimizing functions. In addition, it has been successful in bringing risk control forward; making up for deficiencies and improving capabilities; forming differential, multi-level and comprehensive risk management system and internal control system; accomplishing effective risk control; and making its due contributions to the financial market’s stability.

As one of the earliest trust company specialized in securities trust in China, FOTIC has accumulated rich product data and investment consulting information in recent ten years. Established in 2015, “FOTIC-Qianyuan TOT Assembled Funds Trust Plan” reached a scale of RMB 342 million by late 2016. The product selected high-yield and low-risk private hedge products for investment combination, thereby accomplishing the complementation and steady operations of various hedge strategies and achieving a good yield. By May 2017, the two-year yield of Qianyuan TOT had been ranked first in FOF strategies in the market selected by simuwang.com.

Hosted by Securities Times, 2017 China Trust Summit has been held for many consecutive years. It has become one of the most authoritative, high-end and widely recognized annual events in the industry. It serves as an exchange platform for ideas, business discussions and win-win cooperation. According to the selection requirements of “2017 Outstanding Risk-Preventing Trust Company”, candidate companies should have complete risk control systems, a keen sense of market risks and good risk management capability. In addition, they should not have been involved in any trust-honoring incident in recent years. “2017 Outstanding Securities Investment Trust Plan” has been selected by virtue of its raising scale, earning power and risk control standards.