Summary by Moomoo AI
China Central Railway Co., Ltd. issued on March 28, 2024 a continuing risk assessment report on its wholly-owned subsidiary, ZTE Financial Limited, for 2023. The report shows that MTF has legally valid business licenses and financial licenses, and has a fully sound internal control system in place to effectively control risk. As of December 31, 2023, MTR Financial Corporation had total assets of $1310.09 billion, shareholders' equity of $128.59 billion, and achieved operating income of $21.23 billion, total profit of $8.6 billion and net profit of $6.50 billion. The report also noted that there was no significant risk event at CIU and that all regulatory indicators were in line with the requirements of the State Administration of Financial Supervision. The major shareholders of China Railway Finance Corporation are China Central Iron Corporation Limited and China Railway Engineering Group Limited, holding 95% and 5%, respectively.