The Development Course of Anxin Trust

1987 —— 1994 The development of Anxin Trust can be divided into three stages: establishment, rectification and development.

Anxin Trust and Investment Co., Ltd. ("Anxin Trust" for short), formerly known as Anshan Trust and Investment Company, was established in1987 February 16. With the acceleration of financial system reform, the country urgently needs to establish financial institutions outside the banking system, broaden financing channels, and promote the pace of reform and economic development. As a result, Anxin Trust came into being. However, due to the initial stage of reform and opening up, the funding gap is very large and it is difficult to raise funds. After repeated research, it was finally decided to set up a joint-stock financial institution with a number of contributions. After intense preparation, Anshan Trust and Investment Company, the first joint-stock financial institution in China, was established on February 1987. As a local financial institution, Anxin Trust often faces the support from all sides in its business development, and it is difficult to develop independently according to the laws of market economy. In order to fundamentally solve this problem, the company actively sought the support of the State Commission for Economic Restructuring, the People's Bank of China, the CSRC and the provincial and municipal governments, and finally got the reply from the Liaoning Provincial Commission for Economic Restructuring and the Provincial People's Bank on April 22nd. 1992. The company issued 50 million public shares to the public at the price of 1: 1, and was officially restructured and renamed as "Anshan Trust and Investment Co., Ltd.". Subsequently, the company actively sought the listing of shares. At that time, there was only one financial listed company in Shenzhen and Shenzhen stock markets, and the procedures for issuing shares were incomplete, which needed a lot of explanation. Company personnel changed their ideas, turned unfavorable factors into favorable factors, and finally got the understanding and support of relevant departments, and approved the company's stock listing application. The company's shares were listed on the Shanghai Stock Exchange on June 28th with the stock code of 6008 16.