Cedar International Trust recognized as an Outstanding Contributor to China
This forum highlighted entrepreneurs and enterprises that have contributed to economic development and social progress since the People's Republic of China was founded 70 years ago. Apart from the release of the Chinese Outstanding Contributors List for entrepreneurs and enterprises separately, discussions over High Quality Growth - Future Development & Current Choice were held in the forum.
Jiangxi International Trust, the predecessor of Cedar International Trust was established in June 1981 with registered capital of RMB 3.005 billion. In April this year, Cedar Holdings officially became the majority shareholder of Jiangxi International Trust. The latter changed its name to Cedar International Trust in June. Thanks to the strong support of its major shareholder, Cedar International Trust responded to the trust industry policy by tapping into the characteristics of its own business, actively exploring the possibility of specialized finance, supply chain finance and other innovative business patterns.
After entering into a new strategic development era, Cedar International Trust has recently issued many supply chain trust products of high quality. Their underlying assets serve corporations upon the upstream and downstream of commodities supply chain. Fundraisers and majority shareholders of receivables debtors are large central enterprises and state-owned enterprises. These trust products not only effectively put into use the idle resources of the upstream corporations, but also improve the cash flow of downstream corporations and therefore makes smooth operation of the whole supply chain possible.
In the coming days, Cedar International Trust is expected to channel financial resources to serve real economy innovatively, boost overall development of upstream and downstream corporations of the supply chain, optimize the capital flow of the whole supply chain, promote supply chain finance growth. In this way, Cedar Holdings will be able to help transformation and upgrade of the real economy and people's wealth growth.
Article courtesy of Netease