Research On Trust Business Transformation Of A Trust Company Under The New Regulation Of Asset Management

Asset management business is now one of the largest and fastest growing businesses in the global financial industry.Although it arose late in China,it has developed rapidly,especially since May 2012.With the relaxation of regulatory policies,China's capital management business has started a wave of innovation.In expanding the scope of investment,lowering the threshold of investment and reducing relevant restrictions,the barriers to competition among securities companies,futures,funds,Banks and other companies were broken,and the capital management business entered the era of competition,mixed business and diversified management.At that time,China's financial industry was in a state of separate operation and supervision,and many financial institutions took advantage of the unique "bridge" of trust companies to build many "channel" businesses.Information during the business growing,more and more involved in financial institutions,in the more and more widely,even many non-financial institutions involved,enjoy eating this lucrative "big cake",many financial institutions in the information technology business or transfer the assets in the table to table outside channel business development,led to a lot of money to take off the real to virtual,internal idling phenomenon in the financial sector and produced a large number of hidden financial risks.In April 2018,in order to control the information industry and information technology business,the People's Bank of China,the China banking regulatory commission,securities regulatory commission,insurance regulatory commission,safe department jointly formulated the first for the industry's important document,"on a standard financial institutions in the asset management business guidelines"(hereinafter referred to as "information technology new rules"),important improvement to the whole information technology business,open a new era of the asset management industry in China.After the implementation of the new regulation,new regulations have been made on rigid payment,multi-layer nesting,q FII and capital pool,which have brought great influence to the trust industry.The implementation of the new property management regulations forces trust companies to return to the original business of trust industry from the extensive development mode of "light weight"--"entrusted by others,managing money for others".Faced with such changes,many trust companies are forced to carry out trust business transformation in order to achieve sustainable development of enterprises.This article selects the comprehensive industry ranked top 3 A trust company as the research object,starting from the current operation of A trust company,through its its trust funds and assets side current situation analysis to find its trust business problems,analyzes the trust business transformation,contact the actual situation of the current domestic trust industry at the same time,using the method of SWOT to research A trust company in information technology after the introduction of new rules should take the necessary transformation of the policy,from the capital,asset side and operation side three dimensions puts forward countermeasures and Suggestions for further deepening transformation,At the same time combined with the enterprise life cycle theory,three competition theory,customer value theory to conduct a comprehensive analysis,according to the specific actual situation of the enterprise selected target entity industrial and commercial enterprises and specific implementation case for example.