| Trust,banking,securities,and insurance have been known as the four pillars of the finance industry.Because of the unique multi-sector investment advantages,they derived a range of functions in property management,financial trading,coordination and communication,public service,and so on.They have played irreplaceable roles in the financial market.However,compared to banking,insurance,and securities which have a more comprehensive rating system,the construction industry rating system in trust is somewhat lagging behind.In December 16th,2015,the China Trustee Association(CTA)announced the Trustee Industry Rating Guidelines(Trial),it marked the beginning of the era of the comprehensive industry rating in trust.At this point in time,it is of great practical significance to strengthen the trust industry's precise management and enhance the overall strength of the trust industry by studying the construction method of the trust company's comprehensive ability rating system and evaluating the comprehensive ability of the trust companies.In the beginning,the concept of trust is defined and the characteristics of the trust industry and the division of functions are described.On the basis of this foundation,the paper analyzes the system construction and industry consolidation of the trust industry in China since 1917,and clarifies the current operating environment of the trust company of our country.At the same time,relying on the management data of China's trust industry for the past 15 years,this paper analyzes the size of trust assets,the number of managed assets,the type of managed assets,the proportion of trustees in GDP,the level of trust service per capita,and the scale of trust investment.This paper analyzes the development of trust industry in our country.In the empirical stage,on the basis of comparison and comparison with a number of comprehensive evaluation methods,the factor clustering method is selected as the basic method to construct the comprehensive ability rating of trust companies in China.Based on the data of 68 trust companies in China in 2013,2014 and 2015,factor analysis is used to extract the common factor which can show the comprehensive ability of the trust company and calculate the main factor score of each sample.The factor scores of the top fifteen trust companies with the principal factor scores in 2015 were analyzed to show the distribution of the scores of each factor.By comparing the results of 2013 and 2014 as the reference and the analysis of 2015,we summarize the overall trend of the development of the trust company.After the cluster analysis,the paper classifies the 68 trust companies according to the main factor scores,and finally obtains the trust company rating in 2013,2014 and 2015.The paper analyzes and evaluates the rating results and summarizes the distribution rules of the trust companies in China and the changes over the years.The conclusions for this study include the following.First of all,the overall strength of entire trustee industry has been increased as well every year.Second,from 2013 to 2015,the overall strength of China's trust companies ranked more stable distribution,from the micro-level reflects the steady development of China's trust industry trend.Third,China's trust industry is still relatively stable,The trust investment in China's trust companies has been widening,the investment in various fields has been deepened,and the investment in various fields has become more balanced and uneven,and the investment has become more rational.Fourthly,various trust companies have different development orientation,Prevention ability is guaranteed.In view of the present situation of the trust industry and the macroeconomic situation,the paper puts forward the development of the trust industry from three perspectives:macro,meso and micro.First,improve the external environment and build an orderly market;Second,strengthen internal self-discipline,enhance the industry image;Third,Innovative business,focus on risk management. |
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