CITIC Trust defaulted frequently.

The reasons for frequent defaults of CITIC Trust are: the real estate and political trust projects issued by the trust industry in 20 13 are too concentrated, with a general term of 1+ 1 and a centralized redemption period of 20 15 years, so a large number of trust defaults have occurred, which is also related to its poor management.

Brief introduction of CITIC Trust: CITIC Trust Co., Ltd. was established on March 5, 1988. It is a national financial institution approved by the national financial supervision department, and its predecessor was CITIC Xingye Trust and Investment Company. The shareholders of the company are China CITIC Group Corporation and CITIC East China (Group) Co., Ltd., registered in Beijing with a registered capital of 654.38+0.2 billion yuan.