On July 6, the website of the China Banking and Insurance Regulatory Commission released the "China Banking and Insurance Regulatory Commission's Reply on the Bankruptcy of Xinhua Trust Co., Ltd.", agreeing that the company entered bankruptcy proceedings in accordance with the law, and the date of issuance was displayed on June 16.The China Banking and Insurance Regulatory Commission's reply pointed out that New China Trust should carry out follow-up work in strict accordance with the requirements of relevant laws and regulations, and report to the China Banking and Insurance Regulatory Commission in a timely manner in case of major situations.
On July 17, 2020, the official website of the China Banking and Insurance Regulatory Commission announced that in view of Tianan Property Insurance Co., Ltd., Huaxia Life Insurance Co., Ltd., Tianan Life Insurance Co., Ltd., Yi'an Property Insurance Co., Ltd., New Era Trust Co., Ltd., New China Trust Co., Ltd. triggered the prescribed takeover conditions. The China Banking and Insurance Regulatory Commission decided to implement the takeover of the above six institutions from July 17, 2020, and the takeover period is one year.If the takeover work fails to achieve the expected results, the takeover period shall be extended according to law.
On July 16, 2021, the China Banking and Insurance Regulatory Commission issued the "Announcement on Legally Extending the Takeover Period of Six Institutions including Tianan Property Insurance Co., Ltd.", and decided to extend the takeover period of Xinhua Trust for one year, from July 17, 2021 to 2022 Until July 16th.
During the takeover period, the China Banking and Insurance Regulatory Commission issued the "Announcement on Adjusting the Leaders of Some Takeover Teams", and the leader of the Xinhua Trust takeover team was changed from Lu Zhou to Tang Wei.Approved by the Chongqing Municipal Market Supervision and Administration Bureau, from August 9, 2021, the legal representative of the company will be changed from Lu Zhou to Tang Wei.
On August 5, 2021, Xinhua Trust issued an announcement to publicly recruit investors to participate in the reorganization. The shareholders' shareholding at that time was: Shanghai Coral Reef Information System Co., Ltd. held 40% of the shares, Shanghai Jihui Asset Management Co., Ltd. The shareholding ratio is 21.43%, Hongdaxin Asset Management Co., Ltd. holds 10% shares, New Industry Investment Co., Ltd. holds 17.33% shares, Renhe Investment Holding Co., Ltd. holds 5.67% shares, and Barclays Bank Limited The company holds 5.57% of the shares.
New China Trust was founded in 1979.In September 2007, with the approval of the former China Banking Regulatory Commission, the company name was changed to "Xinhua Trust Co., Ltd." and the company's business scope was re-approved in accordance with the new Trust and Investment Management Measures.The latest annual report on the company's official website only stays in 2019, with an operating income of 171 million yuan and a net profit of 15.5864 million yuan.
Every time by reporter Feng Dianjun every time
