FOTIC honored with Golden Dragon Award for Best Wealth Management Trust Company of the Year

The Financial Times, in association with the Institute of Finance and Banking under the Chinese Academy of Social Sciences, released the “2017 Gold Medal List of Chinese Financial Institutions – Golden Dragon Award” at a ceremony held on December 22. At the occasion, China Foreign Economy and Trade Trust Co., Ltd. (FOTIC) was honored with the title of “Best Wealth Management Trust Company of the Year”. The selection for Golden Dragon Award is aimed at singling out the most authoritative brands in China’s financial industry, while promoting the sound development of the financial market. With the spirit of “objectivity, professionalism and responsibility”, this annual event has become a key national benchmark for selecting top enterprises in the financial industry.

In 2011, FOTIC launched its wealth management brand named “Wuxing Wealth” to provide asset allocation and other value-added services to individuals of high net worth, thereby opening new avenues for wealth management by trust companies.

Boosting Financial Innovation: FOTIC’s Wealth Management Center has built the “Wuxing Wealth” customer services platform that focuses on asset allocation services. It has flexibly applied the product instruments of asset allocation with full entrustment, thereby meeting customers’ varying financial needs.

Perfecting the Model of Service Marketing: The Wealth Management Center has enhanced service experience, activated customers and built a marketing service model integrating customer maintenance, product marketing and brand promotion.

Improving Operational Management: The Wealth Management Center has strengthened operational management, improved overall timeliness and constantly enhanced service extensibility and connotation.

Moreover, as the developer of the first family trust for domestic private banking, FOTIC has established the service brand of “Wuxing Huize – Family Trust” for catering to customers’ individualized needs. It has also built a domestic one-stop service platform and an exclusive customized differential service platform for offering full-process professional services, such as architectural design, trust management and asset allocation. In this way, FOTIC has earned widespread recognition from experts, professional authorities and partners.

Furthermore, in 2017, the Wealth Management Center released more than 300 projects having a total outlay of more than RMB 50 billion, while allocating high-quality assets for 1,500 customers. The scale of FOTIC’s family trust business has exceeded RMB 6.5 billion. In addition, FOTIC has achieved breakthroughs in direct selling of family trusts, besides providing family trust service to nearly 300 customers, with terms of trust ranging from 20 to 50 years. It has also maintained its lead in introducing innovative products in the industry.

In the future, FOTIC will continue to adhere to its customer-centered approach in line with the service concept of “Prospects from Promises” to realize product and organizational development. It will stick to four business directions: industrial finance, service trust, asset management and wealth management, in a bid to maintain its position as an innovative and people-oriented modern financial company.