China Foreign Economy and Trade Trust Co., Ltd (FOTIC), a subsidiary of Sinochem, was founded in 1987 and holds the Vice President chair in China Trustee Association. Headquartered at Beijing, the company has registered capital of RMB 2.20 billion, and set up its sub-headquarter in Shanghai and regional headquarters in East, South, Southwest and Northwest of China. After 26 years of development, FOTIC has owned great brand recognition and strong operation strength in the trust industry.
FOTIC has developed the ‘4 plus 1’ main businesses portfolio, covering such areas as asset securitization, MOM trusts, securities investment trusts, micro &small finance, wealth management, family trusts, real estate trusts, infrastructure trusts, designated placement, funds and futures. It took the lead in the industry to roll out ‘Five Elements Wealth Management’ products to provide high net worth clients with wealth management and value added services, thus becoming a pioneer among its peers to run wealth management business.
FOTIC‘s trust assets exceeded 500 billion yuan, which created more than 40 billion yuan trust net income for its clients.