On The Rigid Payments In China Trust Industry

In recent years, there is a hot issue of rigid payment in the trust industry. And the rigid payment results a strange phenomenon that is "high return and low risk" which violates the principle of risk benefit balance in the trust industry. Under the background of fierce competition in the new era of asset management and the trust system bonus continuing to be eroded, rigid payment has become the bottleneck of the trust industry development.This article through studies "China Credit Trust? Cheng Zhi Jin Kai I" that is a classic case of rigid payment problem, at the same time discussing the forming reasons、existing mechanism and influences of rigid payment from two key aspects: the beforehand risk prevention and the post disposal way. Analysing how the all stakeholders of "China Credit Trust? Cheng Zhi Jin Kai I" to reach the "rigid payment" consensus through a game, so as the rigid payment to be the panacea to solve the trust payment crisis in the trust industry.Through the analysis it is found that the rigid payment that can no longer maintain the main trust industry capital to cover the size of the trust assets, risk and redemption pressure accumulation, at the same time in the field of asset management under the condition of increasing competition, must break the rigid payment to make trust company to go to the battle-front without any burden, has achieved a great development. But the trust companies and investors are heavily dependent on the rigid payment, lacking of power to break the rigid payment, only by regulators to take relevant measures to provide the system, legal and other aspects for breaking the rigid payment, so as to promote trust companies, investors and other stakeholders to change ideas, breaking the rigid payment in essence.