1. Determine the trust property: select and determine the property to be invested in the trust to ensure that the property ownership is clear and legal, and there is no legal dispute.
2. Determine the beneficiary: Determine the person who enjoys the beneficial right of the trust, which can be a natural person, legal person or other organization and benefit from the trust.
3. Determine the trustee: the trustee is the person or institution responsible for managing the trust property and managing and disposing of the trust property according to the purpose and manner agreed in the trust contract. The trustee is usually a trust and investment company approved by the CBRC and belongs to a non-bank financial institution.
4. Signing a trust contract: The trustor, the trustee and the beneficiary sign a trust contract to clarify the rights and obligations of all parties, including the management and use of trust property and the protection of the rights and interests of the beneficiaries.
5. Handling property transfer: the trustor transfers the trust property to the trustee through legal means or agreement, and the trustee will be responsible for the management and disposal of the transferred trust property.