China Foreign Economy and Trade Trust Co., Ltd. (FOTIC) held the 2017 Semiannual Work Conference in Beijing from July 26 to 28, 2017.
With the company’s business revenues totaling USD 59.533 billion, Sinochem ranked 143rd in the 2017 Fortune Global 500 list that unveiled on the evening of July 20 (Beijing time). As one of the first Chinese enterprises on the list, Sinochem has made the list 27 times.
In recognition of its steady operations and outstanding risk control, China Foreign Economy and Trade Trust Co., Ltd. (FOTIC) won the “2017 Outstanding Risk-Prevention Trust Company” award at the 2017 China Trust Summit held on July 7 in Beijing. In addition, “FOTIC-Qianyuan TOT Assembled Funds Trust Plan” won the “2017 Outstanding Securities Investment Trust Plan” award.
The 2017 China Wealth Forum was hosted by Qingdao Municipal People’s Government and organized by Caijing Magazine and Caijing Think Tank on June 17 in Qingdao. At the occasion, China Foreign Economy and Trade Trust Co., Ltd. (FOTIC) successfully held the Family Enterprise Equity Protection and Wealth Inheritance Summit. At the summit, FOTIC invited global experts and scholars from the field of family enterprise and wealth management to discuss the market environment of family wealth management, practices in dealing with family equity trust and other issues.
Promoting industry-finance integration and boosting the real economy is a major focus of financial institutions during product innovation and service improvement. Recently, “FOTIC Yuhe Jingming XV-Industry-Finance Assembled Funds Trust Plan I” (Industry-Finance I), jointly established by China Foreign Economy and Trade Trust Co., Ltd. (FOTIC) and Sinochem Oil, has issued the first-tranche trust loan as a new highlight of industry-finance integration. By employing their respective advantages in financial services and oil products distribution network, the two companies are pushing industrial coordinate development and promoting finance to serve the real economy through industry-finance integration.