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Introduction
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Ping An
Trust & Investment Co., Ltd.
was established
in 1996. It is one of the subsidiaries of Ping An Insurance (Group)
Company of China, Ltd. It was among the first batch of trust investment
companies to be given approval by The People's Bank of China in February
2002 for re-registration.
In October 2003, the company realized the need for further cash and
increased its capital base with its registered capital rising to RMB2.7
billion, which made it one of the biggest trust companies in mainland
China.
Businesses the Company engages include:
-
capital
trusts;
-
chattel
trusts, real estate trusts and other property trusts;
-
eligible
investment fund business under the state laws and serving as founder of
an investment fund;
-
charitable
trusts;
-
intermediary
services including asset restructuring, mergers and acquisitions,
project financing, company financing, financial consultancy;
-
underwriting
of government and corporate bonds approved by the State Council;
-
agency asset
management, execution and allocation, custody business, credit
testimony, credit survey, financial enquiry business using its own
capital through bank deposits, inter-bank loans, financial leases or
investments;
-
third-party
guarantees with own assets;
-
inter-bank
loans (the above businesses include foreign exchange business, with the
term of operations stated on the business permit);
-
loaning funds
disposable under the provisions governing ownership interests;
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Other services
approved by the China Banking Regulatory Commission.
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