A related person from Dalian Huaxin Trust told the reporter: "We are very encouraged by this news. We have been actively preparing for listing, which will be a substantial boost to the listing of trust companies. " . Among the trust companies to be listed, China Shipping Trust started IPO earlier. As early as 2008, the company disclosed that it entered the listing counseling period, but there has been no substantial progress in listing since then.
1994 1, Shaanxi Guotou A and Anxin Trust were listed on Shenzhen Stock Exchange and Shanghai Stock Exchange successively. But since 18, no trust company has landed in the capital market. This time, China Shipping Trust's IPO application entered the "first trial", which means that the listing of trust companies is expected to break the ice. 18 years later, the IPO of the trust company is finally expected to break the ice, which makes many trust companies overjoyed.
"For the trust company IPO, the CBRC has always encouraged it, but the CSRC has never passed it." The person in charge of a large trust company in Shanghai told the reporter. The source said that in the process of communication with the CSRC, the relevant people of the CSRC did not recognize the motivation of the trust company to go public. "As an asset management industry, the CSRC does not recognize the move of trust companies to raise funds through listing." This is also one of the important reasons why the IPO door has been closed to trust companies.
On August 20 10, the CBRC promulgated the Measures for the Administration of Net Capital of Trust Companies, which linked the trust assets of trust companies with net capital and restricted the risks of trust companies' business through the restriction of net capital. "The promulgation of the Measures for the Administration of Net Capital of Trust Companies has made it necessary for trust companies to go public. After the introduction of this method, the trust company must have sufficient net capital as a support to increase the capital scale. " The person in charge of the above-mentioned Shanghai Trust Company said.
Regarding the necessity of listing trust companies, many trust company leaders interviewed by the reporter said that listing is of great significance to the development of trust companies. First of all, due to the implementation of the Measures for the Administration of Net Capital of Trust Companies, many trust companies are facing greater capital pressure, and listing is undoubtedly of great help to alleviate the capital pressure of trust companies. Secondly, from the perspective of corporate governance, listing is very helpful for trust companies to clarify the ownership structure, establish an effective performance incentive and restraint mechanism, and better prevent and deal with risks. In addition, listing can also play a role in brand promotion for trust companies. Almost all trust companies are transforming into asset management business. For the asset management industry, the role of brand is self-evident, and listing will play a positive role in brand promotion and expansion of trust companies.
"Although we are a trust company with a government background, shareholders also hope that we can go public." A person in charge of a trust company in an eastern province told reporters. The reporter learned that both trust companies with government background and trusts with private shareholder background generally have the impulse to go public.
Huaxin Trust said: "In recent years, we have made listing one of the key tasks every year. At present, we have submitted materials to the regulatory authorities and maintained close communication with them. We hope to fill in the materials at any time according to the requirements of the regulatory authorities and hope to be listed on the A-share market as soon as possible. " In addition to China Shipping Trust and Huaxin Trust, a number of trust companies, including Chongqing Trust and China Resources Trust, have previously revealed their listing intentions.
Once the IPO of China Shipping Trust breaks the ice, those trust companies that have the impulse to go public will act.