China Minsheng Trust

China Minsheng Trust Co., Ltd. is a Chinese trust and investment management company. The company formerly known as China Tourism International Trust Investment Co., Ltd. founded in 1994.

China Minsheng Trust
Formerly
China Tourism International Trust Investment
Subsidiary
IndustryFinancial services
Founded
  • 1994
  • 16 April 2013 (2013-04-16)
Headquarters
Beijing
,
China
Services
  • trust
  • investment management
Revenue CN¥1.082 billion (2015)
CN¥514.5 million (2015)
CN¥391.3 million (2015)
Total assets CN¥4.710 billion (2015)
Total equity CN¥3.594 billion (2015)
Owner
Number of employees
 228 (2015)
ParentOceanwide Holdings
Websitemsxt.com
Footnotes / references
source[1]
China Minsheng Trust Co., Ltd.
Simplified Chinese中国民生信托有限公司
Traditional Chinese中國民生信託有限公司

History

China Tourism International Trust Investment Co., Ltd. (Chinese: 中国旅游国际信托投资有限公司) was founded in 1994. In 1999, the stake (30.85%) held by China National Tourism Administration was transferred to Beijing Tourism Group.

In 2003, most of the assets and branches were acquired by Century Securities. However, China Tourism Trust was allowed to keep the license. In 2004, a scandal was exposed, which the Tianjin branch of China Tourism Trust stole the fund entrusted by Tianjin House Fund Management Center.

On 16 April 2013, the company was re-established as China Minsheng Trust Co., Ltd.. China Oceanwide Holdings Group was the largest shareholder for 69.3%, Beijing Tourism Group for 30%, CYTS Group (the parent company of China CYTS Tours Holding) for 0.4%, China Railway Travel Service for 0.2% stake and China Comfort Travel Group for 0.1% stake.[2]

In 2014, China Oceanwide Holdings Group and its subsidiary, listed company Oceanwide Holdings (SZSE: 000046) subscribed the capital increase of CN¥2 billion (CN¥1 billion in share capital and CN¥1 billion in share premium).[3]

In 2016, Oceanwide Holdings subscribed CN¥4 billion nominal value of stock of the company (plus share premium CN¥1.6872 billion),[4] as well as acquired the stake held by the parent company China Oceanwide Holdings Group.[5]

In September the company acquired the license to manage foreign assets.[6] In December the trust acquired the license to enter futures market.[7]

gollark: This is like Malcom Turnbull but stupider.
gollark: Of course, with my time machine I can go back there and pass some legislation setting π to 3...
gollark: Not currently.
gollark: Yep, just like pi is basically 3 is basically e.
gollark: Also plane.

See also
  • Minsheng Securities sister company

References
  1. "2015 Annual Report" (PDF) (in Chinese). China Minsheng Trust. 2016. Retrieved 22 January 2017.
  2. "Archived copy" 关于中国旅游国际信托投资有限公司重新登记等有关事项的批复 (in Chinese). China Banking Regulatory Commission (CBRC). 15 April 2013. Archived from the original on 2 February 2017. Retrieved 22 January 2017.CS1 maint: archived copy as title (link)
  3. "2014 Annual Report" (PDF). Oceanwide Holdings (in Chinese). Shenzhen Stock Exchange. 4 April 2015. Retrieved 22 January 2017.
  4. "Archived copy" 关于收购中国民生信托有限公司部分股权并参与其增资的进展公告 (PDF). Oceanwide Holdings (in Chinese). Shenzhen Stock Exchange. 1 April 2016. Archived from the original (PDF) on 2 February 2017. Retrieved 22 January 2017.CS1 maint: archived copy as title (link)
  5. "Archived copy" 关于中国民生信托有限公司变更股权、增资及调整股权结构的批复 (in Chinese). CBRC. 25 March 2016. Archived from the original on 2 March 2019. Retrieved 22 January 2017.CS1 maint: archived copy as title (link)
  6. "Archived copy" 关于中国民生信托有限公司受托境外理财业务资格的批复 (in Chinese). CBRC (Beijing branch). 14 September 2016. Archived from the original on 2 February 2017. Retrieved 22 January 2017.CS1 maint: archived copy as title (link)
  7. "Archived copy" 关于中国民生信托有限公司股指期货交易业务资格的批复 (in Chinese). CBRC (Beijing branch). 28 December 2016. Archived from the original on 2 February 2017. Retrieved 22 January 2017.CS1 maint: archived copy as title (link)
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