(1) According to whether the investment decision-making power is China Shipping Trust, principal (beneficiary) or investment consultant, it can be divided into active business and passive business.
In passive business, the client or beneficiary and the investment consultant hired by the trust plan can be the investment decision makers. In the process of asset operation, the investment decision makers send investment instructions to China Shipping Trust, which are then executed by the trust manager.
In the initiating business, China Shipping Trust is responsible for investment decisions.
(2) According to the use of funds, it can be divided into new share subscription, equity income right, fund treasure and secondary market.
Among the new share subscription projects, the first-class projects do not set an opening period or the opening frequency is very low, and the raised funds are used for online or offline new share subscription; Another kind of trust project, called "trust", raises funds before each subscription of new shares, sells the shares drawn by lottery on the first day after the listing of new shares, and distributes the trust income.
Equity income right project is aimed at stocks with lock-up period, such as strategic placement or private placement. The funds raised by the trust are invested in the equity income rights of such stocks, and the investment income is realized by selling the underlying stocks after the lock-up period expires.
Introducing investment consultants into trust projects investing in the secondary market to make investment decisions is a form of private equity sunshine and one of the main businesses that the company will vigorously promote in the future.
(3) According to whether the beneficial right has priority, it can be divided into structured trust and unstructured trust.
Structured trust can meet the different needs of different investors for "risk income" by distinguishing beneficiary rights and sub-rights. Generally, the investor with low risk preference is priority beneficiaries, who enjoys a low proportion of fixed or fixed income share, while the beneficiary with strong willingness to take risks is the inferior beneficiary, and may get higher income by taking more risks. This structure can be applied to any way of using funds. Equity investment trust refers to the type of fund trust that invests trust funds in various rights that can bring benefits, including the right to charge for infrastructure and the right to operate public transportation.
Equity investment trust has a considerable market prospect in China. Trust can effectively raise funds, and equity investment can be applied to the production and supply of public or quasi-public products such as infrastructure, which can effectively make up for the lack of government investment. Due to the financial support of the government or the income right given by the government, the return on equity investment is generally fully guaranteed. Therefore, equity investment trust will probably become a kind of trust sought after by investors. Equity investment trust refers to that natural persons, legal persons or other organizations established according to law (i.e. the trustor) entrust their funds or property to the trustee based on their trust in the trust company (i.e. the trustee makes equity investment in the project company in its own name with the principle of maximizing the interests of the beneficiaries).
The advantage of equity investment trust is that the client does not have to appear on the list of shareholders of the project company in his own capacity, but the trustee, China Shipping Trust, comes forward to manage it on his behalf.
This kind of trust has a broad market development prospect in China, because: firstly, the equity investment trust meets the needs of investors who want to get high returns and are willing to bear investment risks. Secondly, it is especially suitable for raising medium and long-term funds, especially long-term funds, for infrastructure construction projects with stable income. The modernization of China needs equity investment trust, which has special advantages in financing long-term funds.