FOTIC wins ‘Most Competitive Family Service Platform Institution’ award

China Foreign Economy and Trade Trust Co., Ltd. (FOTIC) received the title of “Most Competitive Family Service Platform Institution” at the 2017 Annual Meeting of FOTT Global Family Think Tank on January 18.

As a forerunner in the trust sector, FOTIC was the earliest to set up a special team for systematically researching, developing and managing family trust business. It began providing family trust services for individuals of high net worth in 2013, the first of its kind in China. It started insurance premium trust services in 2014 out of its independent R&D and launched Wuxing Huize Family Wealth Inheritance and One-Stop Service Platform under its independent management. By doing so, it initiated personalized family trust services in an all-round manner with exclusive products aimed at the customers’ unique demands.

In 2015, FOTIC launched the industry’s first endowment trust service with both endowment and inheritance functions. It also launched the family trust inheritance service and fully entrusted investment services aimed at stock equities of listed companies.

Guaranteeing market development, FOTIC gathered the company’s resources in 2016 to optimize the middle- and back-end systems of the family trust business. It also started online operations of its independently developed system for family trust business, started family trust business appraisal service and basically completed the middle- and back-end supporting system of family trust.

FOTIC has preliminarily established the front-, middle- and back-end integrated operation system for guaranteeing a long-term, steady and healthy development of family trust business, thereby providing a solid guarantee for rapid market development.

FOTIC’s family trust business aims at property protection and inheritance for a term of 20-50 years in most cases. The capital actually delivered by the end of 2016 increased by 52% in comparison with the balance at the end of 2015. It dealt with many service cases of big-amount, comprehensive and combined demands. So far, FOTIC is far ahead in the industry in terms of the quantity and scale of contracts signed for family trust and innovative variety.

FOTIC Family Wealth Management Team aims at providing comprehensive, professionalized and long-lasting wealth management services for high-net-value customers while carrying forward the spirit of craftsmanship in a contract-honoring manner for the trust business. Over the past years, FOTIC Family Wealth Management Team has always maintained its leading advantages in the industry, and widely won recognition from experts, leading specialized institutions and partners, besides receiving a series of special honors.

In future, FOTIC will continue to actively explore the company’s derivative products, such as equity inheritance trust for non-listed enterprises, real estate inheritance trust, family office service, etc., and provide more exclusive, accurate, systematic and comprehensive family wealth management solutions for customers of high net value.