When was the trust in China established?

China's trust industry originated from the end of1980s, and the first trust company was established in the coastal city of Shenzhen. Since then, the trust industry has developed at an alarming rate. By the end of 1990, large trust companies represented by Huaxia Trust, China Merchants Trust, CITIC Trust and Zheshang Trust had been formed. At this time, the trust industry has become another investment tool outside the securities market.

With the rapid development of China's society and economy, in 200 1 year, the State Council approved the formulation of the Company Law, in which trust companies were mentioned. This proves the status of China's trust industry to a certain extent, and also provides legal protection for the legal status of trust companies.

In 20 14, the State Council issued "Opinions on Actively Developing Trust Industry" and put forward a "financial reform plan" for trust industry, that is, using trust to integrate into the financial system and further deepen financial markets other than banking, securities and insurance. This policy provides new opportunities for the development of the trust industry, and also provides financing possibilities for more small and medium-sized enterprises and individuals in the investment and financing field.