China Minsheng Trust Explained
| China Minsheng Trust |
| Type: | Subsidiary |
| Industry: | Financial services |
| Former Name: | China Tourism International Trust Investment |
| Hq Location City: | Beijing |
| Hq Location Country: | China |
| Num Employees: | 228 |
| Num Employees Year: | 2015 |
| Revenue Year: | 2015 |
| Income Year: | 2015 |
| Net Income Year: | 2015 |
| Assets Year: | 2015 |
| Equity Year: | 2015 |
| Parent: | Oceanwide Holdings |
| Website: | msxt.com |
| Footnotes: | source[1] |
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.
History
China Tourism International Trust Investment Co., Ltd. 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 .
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 subscribed the capital increase of (in share capital and in share premium).[3]
In 2016, Oceanwide Holdings subscribed nominal value of stock of the company (plus share premium),[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]
See also
- Minsheng Securities sister company
Notes and References
- Web site: 2015 Annual Report. https://web.archive.org/web/20220212072654/https://www.msxt.com/?reportdown/id/5.html. dead. February 12, 2022. 2016. 22 January 2017. China Minsheng Trust. Chinese. PDF.
- Web site: http://www.cbrc.gov.cn/chinese/home/docView/xzxk_6882B35749224885ABF5D17B3C8A4DBA.html. zh: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. 15 April 2013. 22 January 2017. China Banking Regulatory Commission (CBRC). Chinese. https://web.archive.org/web/20170202021335/http://www.cbrc.gov.cn/chinese/home/docView/xzxk_6882B35749224885ABF5D17B3C8A4DBA.html. 2 February 2017. dead.
- Web site: 2014 Annual Report. https://web.archive.org/web/20170202025416/http://disclosure.szse.cn/finalpage/2015-04-04/1200788303.PDF. dead. February 2, 2017. 4 April 2015. 22 January 2017. Oceanwide Holdings. Shenzhen Stock Exchange. Chinese.
- Web site: http://disclosure.szse.cn/finalpage/2016-04-01/1202123453.PDF. zh: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. 1 April 2016. 22 January 2017. Oceanwide Holdings. Shenzhen Stock Exchange. Chinese. https://web.archive.org/web/20170202025959/http://disclosure.szse.cn/finalpage/2016-04-01/1202123453.PDF. 2 February 2017. dead.
- Web site: http://www.cbrc.gov.cn/govView_434DA24A1BCC4C778D8C858DD46A3AE5.html. zh: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. 25 March 2016. 22 January 2017. CBRC. Chinese. https://web.archive.org/web/20190302010927/http://www.cbrc.gov.cn/govView_434DA24A1BCC4C778D8C858DD46A3AE5.html. 2 March 2019. dead.
- Web site: http://www.cbrc.gov.cn/chinese/home/docView/5D41E50AFD8E41EC857AF72D0F3A6C2C.html. zh: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. 14 September 2016. 22 January 2017. CBRC (Beijing branch). Chinese. https://web.archive.org/web/20170202021325/http://www.cbrc.gov.cn/chinese/home/docView/5D41E50AFD8E41EC857AF72D0F3A6C2C.html. 2 February 2017. dead.
- Web site: http://www.cbrc.gov.cn/chinese/home/docView/xzxk_BA8B675AF4BE466592D5EB144E166BCF.html. zh: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. 28 December 2016. 22 January 2017. CBRC (Beijing branch). Chinese. https://web.archive.org/web/20170202021331/http://www.cbrc.gov.cn/chinese/home/docView/xzxk_BA8B675AF4BE466592D5EB144E166BCF.html. 2 February 2017. dead.
