Default ranking of trust companies

The default ranking of trust companies from high to low is Xinhua Trust, China Railway Trust, New Era Trust, Sichuan Trust, Cedar International Trust, Shanghai Aijian Trust, Chang 'an International Trust, Beijing International Trust, CITIC Trust and Yunnan International Trust.

Judging from the amount of fines, large fines frequently appear, and the largest amount of fines in the whole year is Xinhua Trust. Xinhua Trust successively received 17 administrative penalty information disclosure forms issued by Chongqing Banking Insurance Regulatory Bureau, involving Xinhua Trust and its former chairman, general manager, deputy general manager and other relevant responsible persons 16.

According to the penalty information, Xinhua Trust's main illegal facts include related party transactions not reported in advance, improper incentives, illegal industrial investment through related parties, overall risk failure, unauthorized approval of business with related parties, etc. 13. Among them, Hu Xiang, the general manager, is responsible for the management mistakes of Xinhua Trust's comprehensive risk management, and is mainly responsible for the huge losses caused by ultra vires approval of business problems with related parties and illegal approval of investment on behalf of related parties. He was disqualified as an executive director for three years.

The situation of China Railway Trust

China Railway Trust ranked second in single amount, and Sichuan Banking Insurance Regulatory Bureau issued 1 1 ticket to China Railway Trust. Among them, China Railway Trust was punished 1 1 ticket for illegal acts such as failure to approve the performance of senior executives, failure to fully and truly reflect the risk situation, failure to prudently manage and use the trust property, and the number of pooled funds exceeding the number of qualified investors.

Regarding the impact of the penalty on trust companies, industry professionals said that the administrative penalty will have a negative impact on the regulatory rating, business development and foreign investment of trust companies to a certain extent. At the same time, trust companies in the transition period can keep up with the regulatory trend and standardize the company's business behavior by publishing the fines.