Cedar International Trust was awarded the 2019 Outstanding Trust Company on the 2019 China Financial Summit-Golden Tripod Award Ceremony held on 22 November of 2019.
The Golden Tripod Award, which was given for 9 consecutive years, is an annual award bestowed in several categories including bank, insurance, and trust and wealth management. It was held in high esteem by the Chinese wealth management industry for its professionalism and dedication to the advances in this industry. The corporations applied for the prize themselves and the third-party organizations were brought in for selecting the finest and most trustworthy companies from the market perspective.
Also recognized as the Outstanding Trust Company are CITIC Trust, Ping An Trust, Shanghai Trust, Chongqing International Trust, Zhongrong Trust, etc.
Cedar International Trust was selected because it draws help from its majority shareholder, Cedar Holdings, to create specialized finance focusing on supply chain, setting an example for the trust industry transformation.
In recent years, the trust industry is working on transformation and supply chain finance becomes one of the possible directions.
Cedar Holdings is a core corporation in commodities supply chain. Cedar Holdings has almost 20 years of expertise drawn from its rise from many development cycles as well as robust capability of supply chain finance active management. Therefore, Cedar Holdings is good at identifying the authenticity, movable properties circulation and rights confirmation in supply chain business trade that many financial organizations find hard to crack.
What's more, Cedar Holdings has a good command of information flow, commercial flow, capital flow and technology flow. Combined with vast amounts of authentic trade data accumulated over years and its insights of each stage of the industrial chain, Cedar Holdings has built a reasonable and well-established risk assessment system. The system acts as a guarantee for Cedar International Trust to focuses its business on specialized finance.
Since August, Cedar International Trust has issued many supply chain financial products of high quality. Their underlying assets serve corporations upon the upstream and downstream of commodities supply chain. The fundraisers and majority shareholders of receivables debtors are large central enterprises and state-owned enterprises. Cedar International Trust channels financial resources to serve real economy with new approaches, help with the trust industry transformation and people's wealth growth.
(Source: Official website of Cedar Holdings)
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