At that time, after the trust expired, the funds were not in place. Zhongrong Trust used its own funds to deal with it, and then auctioned the collateral to ensure payment.
Zhongrong International Trust Co., Ltd., formerly known as Harbin International Trust and Investment Company, was established in 1987.
In May 2002, the People's Bank of China issued the Reply on the Re-registration of Harbin International Trust & Investment Company (Yin Fu [2002] 139), which allowed the company to re-register and changed its name to Zhongrong International Trust & Investment Co., Ltd.
Zhongrong Trust cooperates with state-owned banks, joint-stock commercial banks, city commercial banks and other banking institutions, and takes advantage of banks' advantages in business channels, investment scope and risk control to participate in credit asset transfer, securities secondary market investment, inter-bank bond market investment and other products to provide customers with low-risk and stable income.
Extended data:
Trust purpose
Zhongrong Trust adheres to the trust tenet of "being entrusted by people to manage money on behalf of customers", actively develops trust business and forms a safe and effective management mechanism.
A perfect business management information system has been established, and a professional team with mature investment ideas and rich experience has been formed. The backbone business team of the company has specific operational experience in domestic financial markets such as securities and futures, and has rich experience in the fields of securities, financial derivatives, real estate investment and venture capital.
With professional management and personalized service, it has formed the backbone of the company's development. Zhongrong Trust's asset management ability has been highly recognized by customers and won a good market reputation.
By the end of March, 2008, there were more than 700 trust projects in which funds were issued, and the scale of entrusted management exceeded 8 1 100 million yuan, and various business indicators were among the best in the industry.
Baidu Encyclopedia-Zhongrong Trust