China Foreign Economy and Trade Trust Co., Ltd. (FOTIC) launched Noble Securities Service Platform, the first of its kind in the securities and trust industry, at the 2017 Securities Investment and Private Equity Summit held on September 19.
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 Chongqing Office of China Foreign Economy and Trade Trust Co., Ltd. (FOTIC) and China Jinmao entered into a cooperation agreement at a ceremony held at Guohua Financial Center in Jiangbeizui, Chongqing on September 11. This move reflects that Sinochem is taking a new step towards property-finance integration through reform and innovation.
On August 15, 2017, China Foreign Economy and Trade Trust Co., Ltd. (FOTIC), in cooperation with the long-term rental apartment brand Ziroom, successfully issued the first house rent amortization ABS product in the house renting market – “CITIC-Ziroom House Rent Amortization Trust Beneficiary Right Asset Backing Plan I”, with a total issue amount of RMB 500 million and a rating of AAA. The product will be effective for two years (the first year is the circulation period and the second year is the amortization period).
China Foreign Economy and Trade Trust Co., Ltd. (FOTIC)’s new official website formally began operations together with the formal release of its new business promotional video on September 1, 2017.