China Minsheng Trust


China Minsheng Trust Co., Ltd. is a Chinese trust and investment management company. The company formerly known as China Tourism International Trust Investment Co., Ltd. founded in 1994.

History

China Tourism International Trust Investment Co., Ltd. was founded in 1994. In 1999, the stake held by China National Tourism Administration was transferred to Beijing Tourism Group.
In 2003, most of the assets and branches were acquired by Century Securities. However, China Tourism Trust was allowed to keep the license. In 2004, a scandal was exposed, which the Tianjin branch of China Tourism Trust stole the fund entrusted by.
On 16 April 2013, the company was re-established as China Minsheng Trust Co., Ltd.. China Oceanwide Holdings Group was the largest shareholder for 69.3%, Beijing Tourism Group for 30%, CYTS Group for 0.4%, China Railway Travel Service for 0.2% stake and China Comfort Travel Group for 0.1% stake.
In 2014, China Oceanwide Holdings Group and its subsidiary, listed company Oceanwide Holdings subscribed the capital increase of .
In 2016, Oceanwide Holdings subscribed nominal value of stock of the company, as well as acquired the stake held by the parent company China Oceanwide Holdings Group.
In September the company acquired the license to manage foreign assets. In December the trust acquired the license to enter futures market.