Founder BEA Trust
| Company type | Trust company |
|---|---|
| Industry | Financial services |
| Predecessor | Wuhan International Trust and Investment Corporation (WITIC) |
| Founder | Founder Group |
| Headquarters | Wuhan , China |
| Owner | Wuhan Financial Holdings Group (67.51%) |
Founder BEA Trust Co., Ltd. is a trust company operating in China, previously identified as Wuhan International Trust and Investment Corporation (WITIC; ). Initially, it functioned as a subsidiary under Founder Group, which held a 70.01% ownership interest. Meanwhile, Bank of East Asia possessed a 19.99% share, and Wuhan Financial Holdings Group—controlled by the —held the remaining 10%. In 2016, Wuhan Financial Holdings Group expanded its ownership to 67.51% by purchasing an additional 57.51% stake from Founder Group. Additionally, Founder Group intended to transfer a further 12.5% stake to its affiliate, China Hi-Tech Group (), subject to regulatory consent.
Location
WITIC endured the financial turmoil following the 1998 collapse of Guangdong International Trust and Investment Corp. (GITIC) and the liquidity crises that led to the insolvency of numerous ITICs across China. In line with China’s decentralized financial system, WITIC has since undergone restructuring, evolving into distinct specialized units concentrating on brokerage, investment, and accounting services.