CITIC Trust releases 2019 earnings of 4.79 million per capita

CITIC Trust releases 2019 earnings of 4.79 million per capita

CITIC Trust releases 2019 earnings of 4.79 million per capita
Among many financial sub-sectors, the per capita profit-making level of the trust industry has always been at the forefront.On April 27, “Trust One Brother” CITIC Trust released its 2019 annual report showing that the report was consolidated and the company’s trust asset balance was 1.57 trillion, down 4.9%; the company received a net profit of 35.9.3 billion, an increase of 6 every year.97%.Based on the company’s 750 employees at the end of the reporting period, the per capita profit was 4.79 million yuan.In the context of economic macroeconomics and the expansion of asset management across the industry, self-operated business has become a performance booster for trust companies.The financial report shows that in 2019 CITIC Trust’s net interest and investment income were 12, respectively.1.3 billion, 13.29 trillion US dollars, an increase of 57% and 46%, respectively, also drove the annual growth of operating income by 33.87% to 71.8.3 billion.Litigation fees and commission income are 49.4.9 billion yuan, a decrease of 11.1%.Financial equity investment is an important step in the layout of self-operated business.In June 2019, CITIC Trust will participate in 34 shares.9% of CITIC Consumer Finance was officially incorporated and became the first trust company in the Chinese trust industry to obtain a consumer finance license.In the number of reports, the size of CITIC Consumer Financial Assets has grown steadily, serving more than 400,000 customers.In addition, CITIC Trust owns the equity investment platform CITIC Juxin, and has also participated in Beijing Interstellar Glory Space Technology Co., Ltd., Beijing Tianlian Measurement and Control Technology Co., Ltd., etc., becoming the starting point for CITIC Trust to explore emerging and cutting-edge industries.In addition to self-employed business, another major part of trust company income is trust business.Far-end, “non-standard restrictions”, “de-channeling” and other regulatory requirements force the trust industry to innovate and transform.In 2019, among the trust assets of CITIC Trust, actively managed trust assets accounted for 46%, a continuous increase of 31%, and invested approximately 700 billion yuan in the real economy.The number of reports included 1,480 new trust projects, paid-in trusts of 520.5 billion US dollars, and 72.7 billion yuan of trust profits allocated to beneficiaries.Family trusts, asset securitization businesses, etc. have been transformed into outlets.In 2019, the total size of CITIC Trust’s family trusts and insurance trusts exceeded US $ 34 billion, and the balance of trust assets increased by nearly 90%; and through the collaboration with overseas subsidiary CITIC Huihui, the first overseas family trust was established.On April 10, the CITIC Trust Custody Program Manager’s “CITIC Trust-Hilton Shimao Hotel Asset Support Special Plan” was successfully issued on the Shanghai Stock Exchange. This is the industry’s first single-tier SPV structure commercial real estate mortgage asset securitizationProducts; Recently, the “CITIC Trust-Sutong Power Plant On-line Charging Income Right Asset Support Special Plan” of CITIC Trust Custody Program Manager has also been successfully issued. It is the first securitization project that CITIC Trust has applied for listing on the Shenzhen Stock Exchange.The “Ghost Li” which has appeared frequently in recent years has also accelerated the layout of trust companies on the wealth management side.In 2019, CITIC Trust newly established Shaanxi and Chengdu Wealth Centers to improve the layout of the western region.According to report intelligence, the company takes the initiative to manage product direct sales accounted for 59.9%, an increase of 20.3%.Sauna, Ye Wang Cheng Weimiao Editor Li Weijia proofread Chen Diyan