Research On Corporate Governance Of State - Owned Holding Trust

With the accelerated pace of our market economy, the trust industry occupies an extremely important position in financial industry of our country. Whether it is in the asset size or in the business development, the trust industry has made a qualitative leap. With the rapid development of the trust industry, we can often see the crisis trust products due to poor management. From the perspective of the development of the trust company, its survival and development burden is still heavy. Analyzed from the institutional level, trust companies have serious deficiencies in governance. How to improve the governance of trust companies in order to make the trust industry develop healthily that becomes an important research topic. And the majority of China’s trust companies are state-owned, which has particularity between ownership and possession of the reality. From this background, it is of great theoretical and practical significance to study the governance of state-owned trust companies.Based on the particularity of state-owned trust companies, this article according to the guide of Marxist economics theory and makes full use of the research results about the state-owned enterprise. At the same time, this article uses the system abstract method, comparative analysis method and historical analysis method, which combined with economics, management science, and political science. Started from the special commission agent relationship and the right relations of the state-owned trust companies, this article analyzed the problems of the ownership, possession and operation in trust companies. Then from the external perspective, this article discussed the external competition mechanism, regulatory systems, laws and regulations. Finally, this article put forward how to improve the ownership, possession and operation in order to sort out the relationship, to strengthen the external governance.This article is divided into five parts. The first part describes the basic theory of corporate governance of trust companies, which contains the concept of trust,basic theory, the principal agent relationship, corporate governance theory and ownership theory. The second part elaborates the relationship between the rights of state-owned trust companies. It focuses on the concept and characteristicsof state-owned trust companies, the game of all subjects, the internal relationship. In the third part, it makes a thorough analysis of the present station of state-owned trust companies. First, it reviews the history of state-owned trust companies. Next, it analyzesthe current situation of state-owned trust companies and then focuses onthe corporate governance. The fourth part through the analysis of two link-ownership control possession exercise the body, possession of exercising agency control operators in the state-owned trust companies in order to find problems. Thus we can clarify the external governance in the presence of defects in system supply. In the last part, it makes a systematic study on the relationship between the internal rights of the state-owned trust companies and the external system barriers.Research on the trust company governance mostly focus on the practical level, which lack of rational research. The author started from Marx’s political economics perspective, which has some innovative thinking and method. In the research field, this article systematically studied the internal right relationship in state-owned trust companies. It put forward the basic contradiction of the ownership and the right of possession in the state-owned trust companies. Then this article carries on the analysis to the contradictions at different levels. At the same time, it also clarifies the external institutional obstacles to the development of state-owned trust companies. In terms of research ideas, from the analysis of the internal relations of the right, we can see that ownership control possession of exercising agency conflicts and the right of possession control operation. We can also clarify the right from three level-ownership, possession, and operation. In research methods, firstly this article uses the system abstraction method to abstract the general development of state-owned trust companies. Secondly, this article uses the comparative analysis method to make a comparison between trust, securities, insurance and banking. From this comparison, we can know that the advantage of the trust. Furthermore, this article uses the historical analysis method to investigate the historical process of the state-owned trust companies. Finally, this article uses the contradiction analysis to explore the relationship in the basic contractions of state-owned trust companies. Thus we can put forward the solution to resolve the issue of state-owned trust companies.