A subsidiary of Sinochem Corporation, China Foreign Economy &Trade Trust Co., Ltd. (“FOTIC” for short) is dealing with the trust services. Incorporated in Beijing on September 30th, 1987, FOTIC was approved by the State Council to be reorganized into Sinochem Corporation on December 31, 1994 after a merger with Sinochem’s own financial company. On September 1st, 2002, FOTIC was granted the new licenses for financial business pursuant to CBRC’s “Regulations on Trust Enterprises” and “Regulations on Collective Fund Trust Scheme for Trust Enterprises”, becoming one of the few central trust companies under the direct supervision of the CBRC. In 2006, FOTIC was ranked as No. 1 among the Chinese trust businesses, was accredited by the expert panel of China Trustee Association as one of the “Top Ten Most Promising Trust Businesses”. In 2007, FOTIC received “The Best Trust Firm Award” from Shanghai Securities News and CNSTOCK.COM,
As a key business in the financial sector of Sinochem Corporation, FOTIC has seized the opportunities of China’s financial reform and industrial development, constantly adjusted its business strategies, continuously optimized resources allocation, improved the decision-making system, strengthened the risk control capacity, brought its advantages in both capital and management into full play, effectively utilized the diverse financial instruments including credit, leasing, investment, et cetera. While steadily accelerating the trust business in the conventional areas such as real estate, healthcare and securities investment, we have sought to enhance the cooperation with banks and developed into the new areas in telecommunication, energy and infrastructure.
FOTIC has been adhering to a business philosophy integrating the stable and sound growth while exploring innovative development to secure us a safe position in the industry and market, maximizing the interests of our trustees and providing diversified financial services to our parent company and our clients.
Our business scope includes capital, chattel and estate administration, securities trust, property and property right trust, investment fund management, enterprise assets restructuring, merger & acquisition, project financing, corporate financing, financial consulting, bond underwriting, using inherent property through due from banks, call loans to banks, loans, lease and investment in real estate, infrastructure, healthcare, finance and telecommunication sectors.