China Fortune Trust
Chinese investment management company
From Wikipedia, the free encyclopedia
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.
Typesubsidiary
IndustryFinancial services
PredecessorFoshan International Trust Investment
Founded24 December 2008
| Type | subsidiary | ||||||
|---|---|---|---|---|---|---|---|
| Industry | Financial services | ||||||
| Predecessor | Foshan International Trust Investment | ||||||
| Founded | 24 December 2008 | ||||||
| Founder | Huadian | ||||||
| Revenue |  CN¥946 million (2014) | ||||||
| CN¥706 million (2014) | |||||||
| CN¥523 million (2014) | |||||||
| AUM | CN¥160.815 billion (2014) | ||||||
| Total assets |  CN¥3.289 billion (2014) | ||||||
| Total equity | CN¥3.131 billion (2014) | ||||||
| Owner |
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| Parent |
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| Website | cfitc.com | ||||||
| Footnotes source[1] | |||||||
| China Fortune International Trust | |||
|---|---|---|---|
| Simplified Chinese | 华鑫国际信托 | ||
| Traditional Chinese | 華鑫國際信託 | ||
| |||
| China Fortune Trust | |||
| Simplified Chinese | 华鑫信托 | ||
| Traditional Chinese | 華鑫信託 | ||
| |||
History
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
- 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]