China Fortune International Trust Co., Ltd. known as China Fortune Trust is a Chinese investment management company which license to create private equity fund (as trust). The company is a wholly owned subsidiary of state-owned China Huadian Corporation.

China Fortune International Trust
Company typesubsidiary
IndustryFinancial services
PredecessorFoshan International Trust Investment
Founded24 December 2008 (2008-12-24)
FounderHuadian
RevenueIncrease CN¥000946 million (2014)
Increase CN¥000706 million (2014)
Increase CN¥000523 million (2014)
AUMIncrease CN¥160.815 billion (2014)
Total assetsDecrease CN¥003.289 billion (2014)
Total equityIncrease CN¥003.131 billion (2014)
Owner
  • Chinese Central Government
  • (via Huadian (100%))
Parent
Huadian(direct)
SASAC(intermediate)
State Council(ultimate)
Websitecfitc.com
Footnotes / references
source[1]
China Fortune International Trust
Simplified Chinese华鑫国际信托
Traditional Chinese華鑫國際信託
Transcriptions
China Fortune Trust
Simplified Chinese华鑫信托
Traditional Chinese華鑫信託
Transcriptions

History

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China Fortune International Trust Co., Ltd. was re-registered on 24 December 2008, after Huadian acquired the license from dormant company Foshan International Trust Investment Co., Ltd.. The company was also relocated from Foshan to Beijing.[citation needed]

Private equity funds

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  • Xinbao N°47 Trust: 99.67% stake of Taishan Huacheng Technology (a shareholder of Puhua Investment and Taian Bank) as pledge, CN¥1.371 billion borrowed to Jiexintai.[2]

References

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  1. ^ "2014 Annual Report" (PDF) (in Chinese). China Fortune International Trust. 4 May 2015. Retrieved 11 February 2017.
  2. ^ 华鑫信托·鑫保47号集合资金信托计划 (in Chinese). China Fortune Investment Trust. 2016. Retrieved 10 February 2017.
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