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Announcement on Obtaining the Approval of the Joint Restruct...
On March 31, at the approval of the State Council, Sinochem Group Co., Ltd. ( “Sinochem”) and China National Chemical Corporation Ltd. ( “ChemChina”) will undertake a joint restructuring. Under such a joint restructuring plan, the equity interests of both Sinochem and ChemChina will be owned by a newly-incorporated company (the “New Holding Company”), which will be established and wholly owned by the State-owned Assets Supervision and Administration Commission on behalf of the State Council.
FOTIC Wins Award for Best Insurance Trust Innovation Service...
“Happiness and Wealth – 5th China Family Business Heritage Forum 2018 and the 7th CEIBS China Family Heritage Forum” was successfully held in Shenzhen from December 9 to 10, 2018. At the occasion, China Foreign Economy and Trade Trust Co., Ltd. (FOTIC) took part in a special sub-forum titled “Speaking for Heritage” as a co-organizer of the event. FOTIC invited dozens of ultra-high-net-worth clients to the sub-forum as well as the “Awards Ceremony for Outstanding Business Succession Enterprises and Professional Service Institutions” for exchanging opinions with nearly 1,000 participants, including heads and successors of family businesses, experts, scholars, and representatives of peer institutions.
FOTIC Joins 14th Annual Wealth Management & Private Banking ...
China Foreign Economy and Trade Trust Co., Ltd. (FOTIC) took part in the 14th Annual Wealth Management & Private Banking Asia 2018 held in Shanghai from December 6 to 7, 2018. In the keynote speech and roundtable discussions, FOTIC representatives shared the company’s innovative practices in the field of wealth management.
FOTIC Secures Approval to Underwrite Bonds...
The National Association of Financial Market Institutional Investors (NAFMII) issued the Announcement on the Market Assessment Results of Members (Trust Companies) with Intention of Underwriting on November 22, 2018, releasing a new list of trust companies that have been approved for underwriting non-financial corporate debt financing instruments. As many as six trust companies made it to the list, including China Foreign Economy and Trade Trust Co., Ltd. (FOTIC).
FOTIC Research Institute and JD Financial Research Institute...
On 11th October, the Research Institute of China Foreign Economy and Trade Trust Co., Ltd. (FOTIC) and Jingdong (JD) Financial Research Institute jointly released a report on Building a Smart Wealth Management Ecosphere – Fusion and Innovation of Wealth Management and Financial Technology. Focusing on the application of financial technology in wealth management, the report explores core capacity building and future development models for wealth management institutions and financial technology companies.
