Research On The Impact Of New Trust Regulations On The Operating Efficiency Of Ping An Trust Company

In order to avoid the risks of bank-based financial institutions in asset management and solve a series of problems of financial institutions,the People’s Bank of China and other four ministries and commissions jointly issued a series of relevant capital management policies,known as the "new asset management regulations".This article defines the content that affects trust companies as the "new trust regulations".Under the influence of the new trust rules,the trust company adjusted its original business structure and risk management structure.The release of the new trust rules broke the original situation and promoted the development of the trust company.As a leading enterprise in the industry,Ping An Trust has outstanding performance in four aspects:capital strength,risk management ability,value-added ability and social responsibility.In order to study the impact of the new trust rules and policies on the operating efficiency of Ping An Trust Company,this thesis uses the data of Ping An Trust Company from 2011 to 2021 to carry out research on its operating efficiency.The main work is as follows: First,summarize the research on the operating efficiency of trust companies at home and abroad,start with the connotation of trust companies,operating efficiency and the new trust rules,and introduce the efficiency theory in economics The connotation of the trust company operation efficiency theory and the data envelopment analysis theory,and the policy mechanism of the new trust regulations are analyzed.Secondly,it introduces the policy content of the new trust rules,analyzes the development and operation status of Ping An Trust Company,uses DEA method to measure the operation efficiency of trust companies from 2011 to 2021,analyzes the static operation efficiency and dynamic operation efficiency of Ping An Trust Company,and compares them with 17 trust companies.On this basis,using the policy action mechanism of the new trust rules,the thesis selects the indicators that will affect the operation efficiency of the trust company,and carries out a Tobit analysis of the static operation efficiency of Ping An Trust Company.Finally,based on the current situation and existing problems of China’s trust industry,this thesis puts forward relevant policy recommendations for Ping An Trust Company to promote its long-term healthy and stable development.Through research,this thesis mainly draws the following conclusions:(1)The policy impact of the new trust regulations on the operating efficiency of trust companies is reflected in two aspects: direct impact and indirect impact.(2)From the perspective of static operation efficiency evaluation,the overall comprehensive efficiency value of Ping An Trust Company is at a high level.Ping An Trust Company develops well when the operation environment is favorable,and its operation efficiency is unstable when facing risks.From the perspective of dynamic operation efficiency evaluation,the total factor productivity of Ping An Trust Company fluctuates more than the industry average,and is greatly affected by policy changes.It is difficult to deal with the company’s business structure and risk management level after the policy is issued in the short term.(3)From the perspective of the impact of the new trust rules,the active management ability,the collective trust assets and the investment in the industrial field are conducive to the improvement of the operating efficiency of the trust subject.(4)It puts forward policy suggestions from both macro and micro aspects.From the macro perspective,it is suggested to play the guiding role of trust policy,strengthen the autonomous management of industry risk disclosure,and from the micro perspective,it is suggested to improve the response speed to the new trust regulations,improve the active management ability,and improve the trust asset structure.