Study On Development Of Trust Industry In China

Trust industry, a part of modern financial industry, plays an important role in professional financial management, social investment and financial services area. CITIC Trust was established in 1979, which marked the beginning of the new China Trust industry. However, trust industry developed not smoothly, and in the recent 20 years, it has undergone five major revamp. Trust industry is facing great difficulties and challenges, but meanwhile, the improvement of finance market and the growth of investment demand provide a broad space for its development. To improve the overall quality of companies and to promote the development of the trust industry arouses nationwide attention.From the origin of the Trust, we know the true meaning of trust that goes "asked by people, manage for people". As an asset management way, based on confidence and operating property rights for specific purposes in the interest of the beneficiaries, trust is different not only from owned-assets management but from commission and has a strict condition and requirement. The definition of the trust provides its property management, insurance funds, intermediary services, social investment and other functions. And trust can also operate in capital market, currency market, industrial market in modern economic life and plays an increasingly important role in modern life.To begin with, the first paragraph analyzes the current status of our trust industry from macro economic background, meson and micro conditions of the industry performance. The continuous economic growth, huge increase in social assets and increasing investment needs provide huge market requirement for trust industry. A series of laws and regulations provide legal guarantees and exhibition industry platform. After the fifth rectifying of trust industry, the overall situation improved significantly. By 2004, the 60 re-registered trust and investment co- operations mainly concentrated in a few...