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Trust is a special property management system and legal act, and at the same time, it is also a financial system, which constitutes a modern financial system together with banking, insurance, and insurance.

The trust system originated in England and was developed on the basis of the British "Yuss system", which has been around for centuries.

However, the modern trust system was introduced to the United States in the early 19th century, and the trust has developed rapidly after its introduction to the United States. At present, the United States is the country with the most sound trust system, the most abundant trust products and the largest total development.

China's trust system was first born in the early 20th century, but at that time, China was in a semi-colonial and semi-feudal situation, and the economic foundation for the survival and development of the trust industry was extremely weak, and it was difficult for the trust industry to make a difference.

The real development of China's trust industry began with reform and opening up, and is the product of reform and opening up. In 1978, in the early stage of the reform, many regions and departments had a great demand for construction funds, in order to meet the needs of the whole society for the diversification of financing methods and capital needs, in October 1979, China's first trust institution - China International Trust and Investment Corporation was born with the approval of ***. Its birth marks that China's modern trust system has entered a new era, and has also greatly promoted the development of China's trust industry.

What is a trust, an introduction to a trust, and a history of trust.

Trust refers to the act of entrusting the settlor's property rights to the trustee based on his trust in the trustee, and the trustee manages or disposes of it in his own name for the benefit of the beneficiaries or for specific purposes according to the settlor's wishes. The trust relationship consists of the rights and obligations of the settlor, the trustee and the beneficiary, and this relationship of rights and obligations revolves around the management and distribution of the trust property.

Trust refers to the act of entrusting the settlor's property rights to the trustee based on his trust in the trustee, and the trustee will manage or dispose of the property rights before the banquet in his own name for the benefit of the beneficiaries or for specific purposes according to the wishes of the settlor. The trust relationship is composed of the rights and obligations of the settlor, the trustee and the beneficiary, and this relationship of rights and obligations revolves around the management and distribution of the trust property. In general, the settlor and the beneficiary are the same party, and fiduciary duty refers to the trustee's responsibility to the settlor beneficiary to manage the property strictly according to the settlor's wishes (rather than his own).

The term fiduciary responsibility is now used more in listed companies and state-owned enterprises, applying the above concept, taking listed companies as an example, the three parties of the trust are shareholders, enterprise management, and shareholders, and fiduciary responsibility refers to the responsibility of the enterprise management to operate the enterprise assets wholeheartedly for the interests of shareholders (rather than the management's own interests, such as office conditions, salary levels, and rebates by arranging transactions that damage the enterprise, etc.).

Trust is "trust entrustment", it is a kind of investment and financial management method, the investment threshold is high, the general threshold is 1 million, and the investment quota below 3 million has no more than 50 restrictions. His annual income is relatively high, which can reach about 8% to 14%, which is a good choice for mid-to-high-end investment and financial management personnel and enterprises and institutions.

To put it simply, the settlor entrusts its own legal property to the trust company for use and management based on its trust in the trust company, and the trust company separates the trust property from its own property and uses and manages it independently, and returns the income from the management of trust funds to the settlor. Trust companies are subject to strict qualification approval procedures, and only after obtaining qualifications can they conduct trust business, and they are non-bank financial institutions.

Trust is trust, a non-bank financial institution, which is a very high investment and wealth management channel.

A trust is entrusted by others to manage money on behalf of others. It refers to the act of entrusting the legally owned property of the settlor to the trustee based on its trust in the trustee, and the trustee will manage or dispose of it in its own name for the benefit of the beneficiary or other specific purposes according to the wishes of the settlor.

China's trusts are mainly invested in two major industries: industrial and commercial enterprises and the first market

According to the data of the China Trust Association, in 2021, the industries invested in China's capital trusts mainly include industrial and commercial enterprises, first-class markets, financial institutions, real estate, etc. Among them, the amount of industrial and commercial enterprises and the first market is trillion yuan and trillion yuan respectively, accounting for more than 50% of the total.

From the perspective of the average income of China's capital trust investment industry, the average income of real estate, industrial and commercial enterprises and basic industries ranks among the top three. In 2021, the average revenue reached20% and.

The decline in trust products of industrial and commercial enterprises has slowed down, and the average income has declined

Industrial and commercial enterprise trust refers to the trust plan that invests trust funds in production, services and other types of enterprises and is used for various capital needs in the process of production and operation of enterprises: merger and acquisition funds, working capital and project funds, which provides a financing channel for enterprises to solve short-term capital needs, enhance the liquidity of funds, and support the development needs of enterprises.

From 2017 to 2021, the scale of fund trust investment in industrial and commercial enterprise trusts showed a trend of first rising and declining, and in 2021, it fell to one trillion yuan, a year-on-year decline, which was mainly due to the overall decline in the scale of fund trusts due to the pressure on financing and channel business. The slowdown in the scale of industrial and commercial enterprise trusts indicates that trust companies continue to adjust their business structure in accordance with regulatory guidance, increase support for the development of the real economy, and help economic recovery**. From the perspective of average returns, in 2021, the average income of trust products invested in industrial and commercial enterprises has declined, falling to.

**Fluctuation and development of market-based trust products: Bonds are the hottest track

From 2018 to 2021, the overall fluctuation and development of the market scale of the capital trust investment will reach one trillion yuan, an increase year-on-year, and it is an investment field to achieve positive growth. From the perspective of average returns, in 2021, the average returns of trust products invested in the financial market sector declined, falling to. Compared with real estate, industrial and commercial enterprises, and other investment fields in basic industries, the yield of trust products is at a low level, which is mainly due to the comprehensive impact of policies and markets.

First, the income of investment trust products is closely related to the market, and the second is that the regulatory policies of the banking regulatory system directly affect the income of investment trust products, resulting in a decline in the average income.

The trust products invested by the fund trust in the ** market can be divided into three categories: investment in **, investment in ** and investment in bonds. At the end of 2021, the largest scale of the bond market was invested in the first-class market structure, reaching 100 million yuan, accounting for 70%, more than half of the proportion.

In the process of continuous deepening of the structural reform of the financial supply side, trust, as a shadow bank, supports the development of the real economy and is the foundation of the industry. Trust is an important supplement to commercial banks, and compared with banks, trust companies have the characteristics of flexibility, rapid response and relatively high risk appetite, which can quickly respond to the financing needs of long-tail customers in the real economy, efficiently serve the real economy, and play an important role in supplementing the weak links of traditional finance.

One year after the successful establishment of the trust, if it is found that there are many problems with the trust property**, the trust may be revoked.

Hello dear, I am glad to answer for you that if you inquire about the trust company operating trust business, the trust will be terminated under any of the following circumstances: (1) the termination of the trust document occurs; (2) The existence of the trust violates the purpose of the trust; (3) The purpose of the trust has been achieved or cannot be realized; (4) The parties to the trust agree through consultation; (5) The term of the trust expires; (6) the trust is dissolved; (7) the trust is revoked; All beneficiaries waive the beneficiary rights of the trust. Risk Warning:

The trust company shall, in accordance with the principle of separation of duties, set up corresponding positions to ensure that the company can prevent risks in advance, control them during the event, supervise and correct them after the fact, and form a sound internal restraint mechanism and supervision mechanism. If a trust company has illegal operations or poor management, and failure to revoke it will seriously endanger the financial order and harm the public interest, the China Banking Regulatory Commission shall revoke it in accordance with law.

1.A beneficiary is a person who has the beneficiary rights of the trust in the trust. The beneficiary may be a natural person, a legal person or another organization established in accordance with law.

2.The settlor can be a beneficiary or the sole beneficiary of the same trust. The trustee can be a beneficiary, but not the sole beneficiary of the same trust.

3.If the settlor is the sole beneficiary, the settlor or his heirs may dissolve the trust. If the trust deed provides otherwise, follow those provisions.

1. Trust-related knowledge points.

Letter Collapse Destruction Trust".

Article 51 After the establishment of a trust, under any of the following circumstances, the settlor may change the beneficiary or dispose of the beneficiary's trust beneficiary rights:

1) The beneficiary has committed a major infringement on the settlor;

2) The beneficiary has committed a major infringement against the other co-beneficiaries;

3) by the beneficiary with the acceptance of the rock;

4) Other circumstances stipulated in the trust deed.

There is a preceding paragraph. a) Subparagraphs and subparagraphs.

3) Subparagraphs and paragraphs.

4) In any of the circumstances listed in subparagraph, the settlor may dissolve the trust.

Article 52 A trust shall not be terminated due to the death, loss of civil capacity, dissolution according to law, revocation according to law, or declaration of bankruptcy by the settlor or trustee, nor shall it be terminated by the resignation of the trustee. Except as otherwise provided in this Law or the trust deed.

Article 53 The trust shall be terminated under any of the following circumstances:

1) The occurrence of the termination caused by the trust deed;

(2) The existence of the trust violates the purpose of the trust;

(3) The purpose of the trust has been achieved or cannot be realized;

(4) The parties to the trust agree through consultation;

5) the trust is revoked;

(6) the trust is dissolved;

Article 54 Where a trust is terminated, the trust property shall belong to the person specified in the trust deed; If the trust deed does not provide for it, the vesting shall be determined in the following order:

1) The beneficiary or his heirs;

2) The settlor or his heirs.