Answer the following questions briefly:
1. There are many restrictions on the establishment of trust companies, and registered capital is only one of them. The minimum registered capital of a trust company is 300 million yuan or its equivalent in a freely convertible currency, and the registered capital is paid-in monetary capital.
2, according to the provisions of the process is roughly as follows:
A. Specific examination and approval department: non-banking department of CBRC.
B. Basis and full text: Decision of the State Council Municipality on Establishing Administrative License for Administrative Examination and Approval Items that Need to Be Preserved (the State Council Decree No.412); People's Republic of China (PRC) Administrative Licensing Law (Presidential Decree No.7); Banking Supervision Law of the People's Republic of China (Presidential DecreeNo.). 1 1, revised according to the Decision on Amending the Banking Supervision Law of the People's Republic of China at the 24th Session of the Tenth NPC Standing Committee on1October 3, 2006); Provisions of China Banking Regulatory Commission on the Implementation Procedures of Administrative Licensing (CBRC Order [2006] No.65438+0); Measures for the Administration of Trust Companies (CBRC Order [2007] No.2); Measures for the Implementation of Administrative Licensing of Non-bank Financial Institutions by China Banking Regulatory Commission (CBRC Order [2007]No. 13) and Measures for the Implementation of Administrative Licensing of Non-bank Financial Institutions by China Banking Regulatory Commission (CBRC Order [2007]No. 13).
C. Procedures and time limit: Measures for the Implementation of Administrative Licensing of Non-bank Financial Institutions by China Banking Regulatory Commission (CBRC Order [2007]No. 13).
D download the list of submitted materials and forms on the CBRC website.
Draw the landlord's attention to the following problems; It is very difficult for the landlord to set up a new trust company, and it is difficult to pass the examination and approval without a strong shareholder background. Since 2008, even powerful groups, such as Huaneng, COFCO, Cinda, CCB Investment and other large group companies, have adopted the way of acquiring trust companies that were originally poorly managed. As a financial institution, trust companies are very active in investment and financing, so the CBRC has carried out four major rectifications on them, the most recent of which began in 2007. Since it is active, the risk is great, and the regulatory authorities will not easily issue new licenses. In the current market, only two trust companies still have the opportunity to be bought by everyone, but there are more than 20 buyers staring at it, so it is more difficult to set up a trust company. If you just want to know the process, the documents I provided above are very comprehensive.