On December 25, the administrative penalty information disclosed by the Beijing Supervision Bureau of the State Administration of Financial Supervision and Administration showed that China Chengxin Trust Co., Ltd. had failed to review qualified investors and employees pooled funds to purchase the company's trust products in violation of regulationsThe internal control system is not sound, and the sales management is seriously imprudent;was fined $1 million.
You Yanmei, then director of business and general manager of the wealth management center of China Chengxin Trust, was warned and fined 50,000 yuan.
According to the official website, China Chengxin Trust was founded in November 1995, formerly known as China Coal Trust. In 2008, with the approval of ***, the Ministry of Finance entrusted its holdings of Zhongxin Trust 3235% of the state-owned shares were transferred to the Chinese People's Insurance Group, and the Chinese Insurance Group became its largest shareholder. In 2010, the company completed the capital increase and share expansion, with a registered capital of 245.7 billion yuan, the shareholding ratio of Chinese Insurance Group increased to 329206%。In 2022, the registered capital of the company increased to 48500 million yuan.
As of the end of 2022, the assets under management of CCCT were 3,8915.9 billion yuan, of which the scale of trust assets is 37870.9 billion yuan;In 2022, the cumulative operating income of the consolidated caliber will be 265.1 billion yuan, the annual net profit of 115.4 billion yuan.
Editor-in-charge: Shi Jian |Review: Li Zhen |Supervisor: Wan Junwei.