What conditions do you need to set up a trust company?

According to Article 8 of the Measures for the Administration of Trust Companies, the establishment of trust companies must have shareholders who meet the requirements of the CBRC. According to the Measures for the Implementation of Administrative Licensing for Non-bank Financial Institutions issued by CBRC, the shareholders of trust companies must be "domestic non-financial institutions, domestic financial institutions, overseas financial institutions and other investors recognized by CBRC". Below you can see the detailed description of these concepts in the regulations. In addition, according to the regulations, the minimum registered capital of a trust company is 300 million yuan, which cannot be paid in installments and must be paid in a lump sum in the form of currency. Therefore, it is basically impossible for individuals to set up trust companies. The following are the above specific requirements for shareholders:

"Article 7 Domestic non-financial institutions, as investors of trust companies, shall meet the following conditions:

(a) registered in the administrative department for Industry and commerce, with legal personality;

(2) Having a good corporate governance structure or an effective organizational management model;

(3) Having a good social reputation, good credit record and tax payment record;

(four) good management, no major illegal business records in the last 2 years;

(5) It is in good financial condition and has been making profits continuously in the last two fiscal years;

(six) after the year-end distribution, the net assets shall not be less than 30% of the total assets (consolidated accounting statements);

(seven) the source of shares is true and legal, and it is not allowed to use borrowed funds to buy shares, nor to use funds entrusted by others to buy shares;

(8) A single investor and its related parties may not invest in more than two trust companies, of which the absolute holding shall not exceed 65,438+0;

(9) Undertaking not to transfer the equity of the trust company within three years (unless the CBRC orders the transfer according to law), and not to pledge the equity of the trust company or set up a trust, and stating it in the articles of association;

(10) Except for investment companies and holding companies stipulated by the State Council, the balance of equity investment shall not exceed 50% of the net assets of the enterprise in principle (subject to the consolidated accounting statements);

(11) Other prudential conditions stipulated by the CBRC.

Article 8 Domestic financial institutions, as investors of trust companies, shall meet the conditions stipulated in laws and regulations, relevant regulatory provisions and Article 7 (except Item 6) of these Measures.

Article 9 As an investor of a trust company, an overseas financial institution shall meet the following conditions:

(1) The total assets at the end of the latest 1 year are not less than $65,438 billion in principle;

(2) Its long-term credit rating has been above good in the last two years by an international rating agency recognized by the CBRC;

(3) It is in good financial condition and has been making profits continuously in the last two fiscal years;

(4) When the overseas financial institution is a commercial bank, the capital adequacy ratio shall not be less than 8%. For other financial institutions, it shall meet the requirements of the corresponding prudential supervision indicators of the regulatory authorities of the country (region) where it is located;

(5) The internal control system is sound and effective;

(6) Promise not to transfer the equity of the trust company held within three years (unless the CBRC orders the transfer according to law), pledge the equity of the trust company held or establish a trust, and specify it in the articles of association;

(seven) the supervision and management system of financial institutions in the place of registration is perfect;

(eight) the host country (region) is in good economic condition;

(9) Other prudential conditions stipulated by the CBRC.