FOTIC wins “Best Trust Company” award

China Foreign Economy and Trade Trust Co., Ltd. (FOTIC) was once again awarded the top award of “Jinzhen Award – Best Trust Company” at the Wealth APAC · International Private Wealth Management China Awards 2017 held on September 12 in Shanghai.

The Wealth APAC is a major international industrial exchange event jointly hosted by Wealth magazine and China Chief Economist Forum. The event was aimed at commending outstanding wealth management and service teams in the Asia-Pacific region, besides establishing new industrial models for wealth management. The judges’ panel comprised authorities from companies and institutions including BCG, Bain & Company and the Chinese Academy of Social Sciences. Following an intense competition lasting five months, FOTIC claimed the “Best Trust Company” award once again because of its persistent innovation efforts.

According to BCG’s prediction for the 2016-2020 period, the number of Chinese high-net-worth families is expected to surge from 2.4 million to 3.88 million, while the personal wealth scale could increase from RMB 140 trillion to RMB 200 trillion, showing a robust domestic endogenous demand for wealth management.

FOTIC established a wealth management center early in 2011 through prospective distribution and inputs, besides launching its innovative “Wuxing Wealth” brand. Based on investors’ risk preferences and wealth management expectations, with focus on consumption upgrading, industrial optimization, new urbanization, global asset allocation, family wealth inheritance and other development subjects, FOTIC has gradually established a “Wuxing” product system covering multiple markets, categories and regions, thereby forming a diversified product line with different periods and risk-return proportions.

The year 2017 marks the 30th anniversary of FOTIC. “Best Trust Company” award is the result of FOTIC’s win-win cooperation with customers in the past 30 years. At this new historical point, FOTIC will continue to uphold the concept of being “customer-oriented” and guard all of its customers’ wealth wholeheartedly.