Shandong International Trust Co., Ltd. (hereinafter referred to as “Shandong Guoxin” or the “Company”) was founded in 1987. It is a non-bank financial institution approved by the People's Bank of China and the Shandong Provincial People's Government. It is currently a governing unit of the China Trust Industry Association. Shandong Luxin Investment Holding Group Co., Ltd., the controlling shareholder of Shandong Guoxin, is an important state-owned financial enterprise managed by the Shandong Provincial Committee. It is also an important investment and financing entity and asset management platform in Shandong Province. The actual controller of the company is the Shandong Provincial Department of Finance, and the final controller is the Shandong Provincial People's Government. In December 2017, Shandong Guoxin H shares were listed on the main board of the Hong Kong Stock Exchange (stock code: 1697.HK), becoming the first stock of China Trust Company to enter the international capital market.
Since its establishment, Shandong Guoxin has always adhered to its position as a trustee, insisted on implementing a “collaboration and linkage” development strategy between trust business and inherent business, gave full play to the advantages of the main trust business, firmly returned to the origin of trusts, continued to raise the level of fintech, comprehensively applied various financial instruments such as loans, equity investment, industrial funds, asset securitization, etc., effectively grafted over the money market, capital market and real economy, vigorously supporting high-quality economic development and serving people's better lives. At present, the company has built a comprehensive, multi-level product line covering businesses such as industrial and commercial enterprises, infrastructure, real estate, capital markets, inclusive finance, family trusts, and charitable trusts. The company has three divisions and six major business centers for capital markets, wealth management, and family trusts. It has business and wealth teams in many central cities across the country, creating a development pattern “rooted in Shandong, spreading across the country, and going international”. Adhering to the purpose of “customer-centered”, the company actively creates a “integrated two-wing” and “allocation-oriented” wealth management system, strives to provide personalized and differentiated all-round financial life services to high-net-worth individual customers, and accurately provides specialized and customized products to institutional customers. The company has wealth management centers in Beijing, Shanghai, Jinan, Qingdao, Dongguan, Dalian, Xi'an and other places, forming a national wealth network covering North China, East China, Northwest China, Northeast China and South China.
Shandong Guoxin actively carries out its mission as a state-owned enterprise, bravely assumes social responsibility, and takes the initiative and acts actively to fight the epidemic, serve green development, help fight poverty, and support charitable causes. The company adheres to the responsibility and mission of “pooling capital to the Xing Lu” and focuses on regional development strategies such as major projects to convert old and new kinetic energy, and the three major offensive battles, to effectively guarantee regional financial supply. The company attaches great importance to protecting consumers' rights and interests, regularly carries out investor education and financial knowledge dissemination activities, continuously enhances customer experience, and strives to create a harmonious and stable financial consumption environment. The company's development has been recognized and praised by all sectors of society. It has received the honorary title of “Shandong Financial Innovation Award”, “Best Innovative Trust Company”, “Honest Trust - Innovation Leading Award”, “Most Valuable Financial Stock Company”, “Best Corporate Governance Award”, “Best Information Disclosure Award”, “Shandong Socially Responsible Enterprise”, “March 15 Honest Financial Brand”, “Shandong Charity Award · Most Influential Charity Project” by the Shandong Provincial Government, and has been awarded the honorary title of “Advanced Unit Contributing to Financial Development in Shandong Province” by the Shandong Provincial Government for eight consecutive years. It has also been trusted by China many times The highest industry rating in the industry is “A grade”.
Shandong Guoxin is good at seizing opportunities and daring to meet challenges. Guided by the “14th Five-Year Plan”, we will actively adapt to regulatory guidance and market demand, stick to the position of trustee, firmly return to the origin of trust, boldly assume the mission of “supporting the real economy, serving people's livelihood and welfare, and carrying out social responsibility”, and are committed to becoming a respected wealth management agency based on asset allocation to create greater value for shareholders, customers, employees and other stakeholders.
If there is any difference between the Chinese and English versions of this interim report (other than the interim financial information review report and the unaudited interim consolidated consolidated financial statements), please refer to the Chinese version.