CITIC Trust Co., Ltd (hereinafter referred to as the "Corporation" is a national non-banking financial institution under direct supervision of China Banking Regulatory Commission. With trust business as its main business, the Corporation keeps leading the trust sector in terms of the volume of assets under management and comprehensive operating strength. The Corporation is derived from the China International Trust & Investment Corporation (CITIC), China's first trust company founded in 1979by former Vice President Rong Yiren. CITIC has grown as CITIC Group. With a registered capital of RMB 10 billion (including foreign exchange of USD 23 million), the Corporation has CITIC Limited and CITIC Industrial Investment Group as its shareholders after CITIC Group was restructured in 2011. The Corporation, adhering to the operation philosophy of "borderless service and barrier-free operation", explores the law of development of a trust corporation in the socialist market economy. With inclusive finance as its guiding principle, the Corporation provides clients with creative and comprehensive financial solutions, based on its growing ability in knowledge integration and innovation, significantly enhanced capability of discretionary asset management, and a prudent and steady risk management system . Following the trend of China's industrial upgrading, it initiates the products covering agriculture-related fields, China's West Development Program, livelihood projects, infrastructural construction, processing and manufacturing, environmentally-friendly business, cultural sector, and commercial services. These products enable massive investors to share the benefits of China's economic progress.