China Foreign Economy and Trade Trust Co., Ltd. known as FOTIC is a Chinese asset management company (as trust company). The company is a wholly owned subsidiary of Sinochem Group (via Sinochem Corporation for 93.07% and another subsidiary for 6.93%). FOTIC was incorporated on 30 September 1987 (as Chinese: 中国对外经济贸易信托投资; lit. 'China Foreign Economy and Trade Trust Investment Corporation'). Since 1994, FOTIC was a subsidiary of Sinochem Group (formerly known as China National Chemicals Import & Export Corporation). Some assets and liabilities were transferred to Exim Bank of China that year. More information...
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