Every reporter:Xie Jing, every editor:Liao Dan
Recently, China Construction Fifth Engineering Bureau Co., Ltd. (hereinafter referred to as”China Construction Fifth Engineering Bureau”) announced that two Misappropriating the name of China Construction Fifth Bureau Third Construction Co., Ltd. (hereinafter referred to as the”Three Companies”), a fictitious transaction fact, privately engraved seals of the three companies and the”Profile Sales Contract signed by Tianjin Huahang Supply Chain Group Co., Ltd 》, China Minsheng Trust Co., Ltd. issued the”Zhixin No. 1095 China Construction Fifth Bureau Specific Asset Income Rights Collective Fund Trust Plan” with the above-mentioned false contract as an asset package.
China Construction Fifth Bureau stated that the”Zhixin No. 1095 China Construction Fifth Bureau Specific Asset Income Rights Collective Fund Trust Plan” issued by China Minsheng Trust Co., Ltd. has nothing to do with China Construction Fifth Bureau. China Construction Fifth Bureau did not participate in, nor knew it.
In response to this matter, Minsheng Trust also replied, after receiving the relevant transfer money, it will terminate the trust project in advance according to the trust contract and distribute it to investors.
Minsheng Trust’s response:The project will be terminated ahead of schedule as agreed.
China Construction Fifth Bureau stated that the seal affixed in the above-mentioned”Profile Sales Contract” is Privately carved. The company and its subsidiaries have never had any business dealings with Tianjin China Airlines Supply Chain Group Co., Ltd., nor have they signed any contracts.
In addition, the announcement also stated that the company has reported the illegal facts and evidence materials it learned to the public security organs for investigation and punishment according to law. Reserve the right to pursue the civil liability of relevant responsible entities.
In response to this matter, Minsheng Trust replied that the Zhixin No. 1095 project is based on the business relationship between the factoring company and the asset management company. The underlying assets under the item are based on the company’s signing of the””Accounts Receivable Earnings Rights Transfer Agreement”. After paying attention to the relevant public opinion, the company contacted the asset transferor as soon as possible, asking it to verify the authenticity and legality of the transferred asset, and immediately terminate the transfer of the right to proceeds from the account receivable.
Minsheng Trust also stated that after receiving the relevant transfer money, it will terminate the trust project in advance according to the trust contract and distribute it to investors.
According to the official website of Minsheng Trust, the first phase of”Zhixin No. 1095 Project” was established in July 2020, and a total of 6 issues have been issued so far. The product period is 15 months, and the scale of establishment is total It is 184.8 million yuan.
According to the data, the predecessor of Minsheng Trust was China Tourism International Trust and Investment Co., Ltd. In December 2012, the China Banking and Insurance Regulatory Commission approved its restructuring and equity change plan. The re-registration was completed on April 16, 2013, and the name was changed to China Minsheng Trust Co., Ltd.
According to data from Qixinbao, Minsheng Trust has 5 shareholders. The majority shareholder is Wuhan Central Business District Co., Ltd., with a shareholding ratio of 82.71%; the other four shareholders are:Zhejiang Oceanwide Construction Investment Co., Ltd., Beijing Capital Tourism Group Co., Ltd., China Youth Travel Service Group Co., Ltd., and China Railway Travel Service Group Co., Ltd. hold 10.71%, 6.45%, 0.086%, and 0.043%, respectively.
Minsheng Trust’s net profit last year dropped by about 18%year-on-year
It is worth mentioning that in November 2019, the Beijing Banking Issue a ticket.
The fine shows that the trust funds under the”Investment in Income Rights” of Minsheng Trust were used to pay the land transfer price in violation of regulations; the use of trust funds was inconsistent with the investment direction and investment strategy of the trust plan; and there was illegal acceptance of insurance funds to invest in Transaction management trust products and other acts. The Beijing Banking and Insurance Regulatory Bureau ordered Minsheng Trust to make corrections and imposed a total fine of 900,000 yuan.
According to Minsheng Trust’s 2019 annual report, during the reporting period, Minsheng Trust achieved operating income of 2.311 billion yuan, of which net interest income was -110 million yuan; net fee and commission income was 1.383 billion yuan, and Compared with the previous period, it decreased by about 24%; realized a net profit of 904 million yuan, a decrease of about 18%compared with the previous period.
According to the data, the net assets of Minsheng Trust in 2019 were 10.96 billion yuan and the net capital was 8.614 billion yuan. The 2019 annual report shows that at the end of the reporting period, Minsheng Trust had 279 surviving trust projects, the remaining trust principal balance was 192.869 billion yuan, and the total trust assets were 196.406 billion yuan. As of the end of 2019, there were 27 Minsheng Trust subsisting fund projects with a balance of subsisting fund assets of 9.284 billion yuan.
Daily Economic News