OREANDA-NEWS. July 22, 2013. With the approval of China Banking Regulatory Commission (CBRC), China Industrial Asset Management Limited, the first subsidiary solely owned by China Industrial International Trust Limited opened officially.

With the registered capital of RMB 100 million, China Industrial Asset Management Limited is an equity investment fund based enterprise with shareholder of both banking and trust backgrounds. The company will, according to the requirements of high starting point and standard, adhere to lawful and compliant operation, intensify financial innovation, and fully integrate the advantageous resources of the shareholder. Committing itself to providing customers with comprehensive financial services integrating equity investment, industrial investment, assets management, investment management, and investment consulting, the company strives to grow into a professional service supplier of first-rate private equity investment and assets management with certain influence in the domestic market in a period of 3-5 years.

Industrial Trust, its shareholder, is the third trust company of a banking background established under the control of Industrial Bank (IB) with the approval of the State Council and CBRC. In recent years, Industrial Trust, centering on the strategic development objective of “building a first-rate integrated trust company with diversified and distinctive services across China ”, made remarkable achievements, hitting new highs in the main business indexes and fulfilling frog-leap development in all businesses. By the end of the first quarter of 2013, the registered capital of Industrial Trust reached RMB 2.576 billion, with its fixed assets totaling RMB 4.495 billion and the scale of trust businesses under its management hitting RMB 513.703 billion. Meanwhile, Industrial Trust has also attached great importance to exerting the advantages of the financial equity investment system as a trust company, accelerated the progress in the layout of financial equity investment, and devoted itself to building an integrated business operation platform. Up to now, Industrial Trust has held the shares of a number of companies including the Finance Company Limited of Chongqing Machinery & Electronics Holding Group. The official opening of China Industrial Asset Management Limited signifies a great stride of Industrial Trust toward the development objective of integrated business operation.

Yang Huahui, Chairman of China Industrial International Trust Limited, and Huang Deliang, Chairman of China Industrial Asset Management Limited unveiled the nameplate of China Industrial Asset Management Limited together.