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Is COFCO Trust a State-owned Enterprise or a Central Enterprise?
COFCO Trust is a state-owned enterprise.

COFCO Trust Co., Ltd. (hereinafter referred to as COFCO Trust) was approved to start business by China Banking Regulatory Commission on July 1 2009. The company type belongs to the state-owned enterprise directly under the central government.

Brief introduction of COFCO Trust:

COFCO Trust Co., Ltd. (hereinafter referred to as COFCO Trust) was established on July 1 2009 with the approval of China Banking Regulatory Commission (now the Bank of China Insurance Regulatory Commission, hereinafter referred to as China Banking and Insurance Regulatory Commission, China). Its registered place is Beijing, and it is a financial institution supervised by Beijing Supervision Bureau of China Banking Regulatory Commission. The registered capital of the company is 2830954 182 yuan, and COFCO Capital Investment Co., Ltd. holds 80.5090% of the shares; BankofMontreal holds shares16.2408%; COFCO Finance Co., Ltd. holds 3.2502%.

Relying on COFCO, COFCO Trust has made steady operation and rapid development, actively explored the new mode of combining industry with finance and agricultural financial innovation, and adhered to the characteristics of combining agriculture with industry, gradually becoming a rising star in the trust industry.

In the future, COFCO Trust will further rely on the industry advantages of COFCO, give full play to the advantages of trust system, cultivate differentiated asset management capabilities, and realize financial equity investment management platform, agricultural financial service platform and wealth management platform with industry characteristics.