Founder BEA Trust Co., Ltd. is a Chinese
trust company
A trust company is a corporation that acts as a fiduciary, trustee or agent of trusts and agencies. A professional trust company may be independently owned or owned by, for example, a bank or a law firm, and which specializes in being a trust ...
, formerly known as Wuhan International Trust and Investment Corporation (WITIC; ). Founder BEA Trust was a subsidiary of
Founder Group for 70.01% stake, with
Bank of East Asia
The Bank of East Asia Limited, often abbreviated to BEA, is a Hong Kong banking and financial services company, headquartered in Central, Hong Kong. It is currently the largest independent local Hong Kong bank, and one of two remaining famil ...
owned 19.99%. The third largest shareholder was
Wuhan Financial Holdings Group, a company owned by , for 10% stake. However, in 2016 Wuhan Financial Holdings Group acquired 57.51% stake from Founder Group. An additional 12.5% stake sold by Founder Group to their associate company
China Hi-Tech Group () was still pending the approval from
China Banking Regulatory Commission
The China Banking Regulatory Commission (CBRC) was an agency of the People's Republic of China (PRC) authorised by the State Council State Council may refer to:
Government
* State Council of the Republic of Korea, the national cabinet of Sou ...
, according to the third quarterly report of China Hi-Tech Group in 2016.
Location
WITIC survived the crash of Guangdong International Trust and Investment Corp. (GITIC) in 1998
References
External links
*
Companies based in Wuhan
Financial services companies of China
Companies owned by the provincial government of China
Bank of East Asia
Peking University
Government-owned companies of China
{{PRChina-company-stub