FOTIC wins two asset securitization awards

From April 24-26, China Securitization Forum (CSF) hosted the 2017 Annual Conference of China Securitization Forum at the China National Convention Center. At the occasion, “Gongyuan 2016 NPA-backed Securities I” and “CICC-YRD Elite Trust Beneficiary Right Asset Backing Plan”, co-issued by China Foreign Economy and Trade Trust Co., Ltd. (FOTIC), won the awards of “2016 Credit Asset Securitization Nova” and “2016 Top 10 Corporate Asset Securitization Transactions”.

In 2017, China’s asset securitization business is expected to attain a scale of RMB 10 trillion.

In this backdrop, FOTIC has rich experience and leading market position in asset securitization. In 2006, it became one of the first asset securitization special-purpose trust institutions. In the ensuing decade, it built a full-process service model involving regulation communication, asset screening, scheming, organization, sales, operation management and value-added services. At the same time, it developed many types of underlying assets, including corporate credit assets, non-performing loans, infrastructure loans, shantytown loans, SME loans, auto finance loans, individual business loans, personal housing mortgage loans, credit card assets, bills receivable, accounts receivable, micro trust loans and others.

The industry recognizes FOTIC for its innovative products and professional operations that are focused on customers. It was named “Outstanding Issuer in Interbank Market” in 2014 and 2015, and won the “Outstanding Service Award” from the China Credit Assets Registry & Exchange Co., Ltd. in 2016.

At present, FOTIC’s scale of publicly offered asset securitization business has exceeded RMB 30 billion, while its privately offered asset securitization business has an outlay upwards of RMB 100 billion. It has maintained healthy cooperative relations with many joint-stock banks, city commercial banks, securities companies, fund companies, insurance companies and privately offered asset management institutions.

It is worth mentioning that the forum has been held three times with an aim to commend influential projects in China’s asset securitization and structural financing industry in 2016, probe into problems faced by the Chinese securitization market, and promote industrial innovation and information exchange and sharing.