Started in 1998, Hwabao Trust Co., Ltd. (hereinafter referred to as “Hwabao Trust”) is a financial subsidiary of China Baowu Steel Group Co., Ltd. (hereinafter referred to as “China Baowu”), with China Baowu holding 98% of its shares and State-owned Properties Investment and Management Co., Ltd of Zhoushan holding 2%. With a registered capital of RMB 4.744 billion (including USD 15 million), Hwabao Trust is the holding company of Hwabao WP Fund Management Co., Ltd (a Sino-US joint venture), and manages Hwabao Finance & Leasing CO.,LTD and Hwabao (Shanghai) Equity Investment Fund Management Co., Ltd..
The major shareholder of Hwabao Trust, China Baowu, is a reputable company with abundant capital, ranking the 149th on the Fortune Global 500 list in 2019. Inheriting a disciplined, stable, trustworthy approach to business from its parent company, Hwabao Trust has always held the belief of maximizing the interests of beneficiaries. By offering specialized and differentiated services as a basic strategy, and with asset management and trust service as its two main businesses, the company aims to have a strong presence in the capital market and continue to build capacity, channels and the brand.
For years Hwabao Trust has been sticking to innovation and has a complete set of business qualifications. Hwabao Trust obtained the qualification of pension fund trustee and account manager from the Ministry of Human Resources and Social Security,QDII license,private fund manager qualification, block trade license, ABS license, and the qualification to participate in IPO price inquiry.
Levaraging a variety of structures and instruments, its products now cover the capital market, currency market, real economy and other major investment areas. The Company never stops exploring and innovating in various business areas such as cash management, financial market, offshore investment, in-depth industrial financing services, compensation and benefits, and family trust. In terms of risk control, Hwabao Trust has developed a three-level risk management organization system which is led directly by the board of directors and the management. Relying on the risk management department, and coordinated by relevant functional departments, the system has full outreach to various business departments, making the company an industry leader in corporate governance structure and risk control.
Looking ahead, Hwabao Trust will continue to focus on professional trust service for the steel ecosystem, striving to provide differentiated wealth management and comprehensive financial solutions for upstream and downstream institutions and high-end clients. The company will further diversify its product lines and enhance its trust service capabilities to create better products and services for our customers, as an effort to let more market entities accessible to trust products and enjoy the benefits of the trust system.