China Everbright plans to acquire a trust company

The lender considers joining leading Chinese banks that have built presence in trust business by merging local trust companies.

China Everbright Bank, the flagship banking arm of China Everbright Group, mulls acquisition of a trust company, said Tang Shuangning, chairman of Everbright Group.

Quite a few member companies of Everbright Group have been merged by others or wrote off in the past 20 years. Particularly, China Everbright Trust, founded in 1991 with a registered capital of CNY 4.5 billion ($674.91bln), was once the most active in Hong Kong's merger sector. But it was wrote off in 2002 due to insolvency.

Some leading Chinese banks have built presence in trust business by merging local trust companies.
China Construction Bank this January restructured Hefei Xintai Trust Co. and renamed it CCB Trust Co. The lender now holds 67% of the trust company.

View the full story in Trading Markets.

Also Read

OCBC Ignite aims to double poly graduate intake

Singapore’s big banks aim for 96% emissions cut by 2050

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

What is Lorem Ipsum?

What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Evergreen Group obtains financing license to expand in Malaysia