Zhongxin Trust Co., Ltd. (formerly China Coal Trust) was established in November 1995. It is a trust company under the leadership of the Party Committee of China Banking Regulatory Commission and directly supervised by China Banking Regulatory Commission.
in November p>1995, the registration was completed with a registered capital of 4 million yuan, including foreign exchange capital of 15 million US dollars.
in December p>1995, China Coal Trust and Investment Co., Ltd. officially opened.
in September, 21, it completed the work of assets verification and business rectification, and became the first trust and investment company in China to be re-registered.
in February p>24, the company completed the capital increase, share expansion and name change, and the registered capital increased to RMB 1.2 billion, with 13 existing shareholders.
in August, 25, it obtained the first batch of corporate trustee qualifications for enterprise annuity funds.
in December p>25, with the approval of China Banking Regulatory Commission, it became the first trust company in China to obtain the qualification of trustee of special purpose trust.
in July p>27, with the approval of China Banking Regulatory Commission, it became the first trust company in China to renew its financial license. In December of the same year, it completed the name change of industrial and commercial registration and the company.
In October p>28, with the approval of the State Council, the Ministry of Finance transferred all its 32.35% state-owned equity of China Credit Trust to China People's Insurance Group Company in the form of increasing state investment.
in November 28, with the approval of China Banking Regulatory Commission (Y.J.F. [28] No.48), it was qualified to be entrusted with overseas wealth management business.
in July 29, it was approved by China Banking Regulatory Commission (Y.J.F. [29] No.263), and obtained the qualification to engage in equity investment business (PE business) with inherent assets.
in September, 21, the company completed the change registration of capital increase and share expansion, and the registered capital of the company increased to RMB 2.457 billion, with 15 shareholder units.
in September 211, with the approval of the state administration of foreign exchange (Huifu [211] No.148), the amount of entrusted overseas wealth management investment was increased by USD 3 million.