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Financial markets

China Foreign Economy and Trade Trust Launches Wuxing No.51 Trust Product

Strategic Insights

— 1 min read

China's trust industry has become a significant player in the country's financial market, offering a range of investment options for individuals and institutions alike. The latest addition to this market is the Wuxing No.51 trust product, launched by China Foreign Economy and Trade Trust. This new trust product aims to raise funds with a maximum yield of 7% and has a tenor of 12 months, with maturity fixed on October 28, 2021. As a structured and classified equity trust, it invests in the financial market, providing investors with a diversified portfolio.

Key Takeaways:

  • The Wuxing No.51 trust product is a 12-month equity trust with a maximum yield of 7%, aiming to raise funds through investment in the financial market.
  • The trust is registered and issued from Beijing, with China Merchants Bank serving as the custodian bank.
  • The trust industry in China has grown significantly, with 68 licensed firms playing various roles, including investment banking, private equity investment, loan syndication, project financing, and asset management.
  • As of August 2020, the trust industry's size reached RMB 13 trillion (USD 1.88 trillion).
  • China's trust industry has evolved to focus on investment, with trusts serving as 'licensed' entities with flexibility in securing assets for loans.
  • The trust product is available for investment, with details and terms obtainable by emailing michael_lee@chinaknowledge.com or calling (86) 21 8033 6883.
  • The Wuxing No.51 trust product is a part of China's growing trust industry, which has expanded to include a wide range of investment opportunities.

Statistics:

  • The Wuxing No.51 trust product has a tenor of 12 months, with maturity fixed on October 28, 2021.
  • The trust product's maximum yield is set at 7%.
  • As of August 2020, the trust industry's size reached RMB 13 trillion (USD 1.88 trillion).
  • China has 68 licensed trust firms that serve as investment banks, private equity investors, loan syndicators, project financiers, asset managers, and venture capitalists.
  • The trust product is available for investment, with details and terms obtainable through email or phone contact.

Sources:

  • China Knowledge, "China Foreign Economy and Trade Trust Launches Wuxing No.51 Trust Product"
  • Michael Lee, michael_lee@chinaknowledge.com or (86) 21 8033 6883

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