The main business of a trust company

The main businesses of trust companies include trust business, entrustment business, agency business, leasing business and consulting business.

Trust business: Trust business includes trust deposits, trust loans, trust investments and property trusts.

Entrusted business: Entrusted business includes entrusted deposits, entrusted loans and entrusted investments.

Agency business: Agency business includes issuing bonds and stocks, receiving and paying money, debt collection, supervision, credit visa, accounting affairs, insurance, custody and trading of securities.

Lease business: Lease business includes direct lease, sublease, agency lease and leaseback lease.

Consulting business: consulting business includes credit investigation, business investigation, investment consultation, customer introduction and financial business consultation.

Obligations and responsibilities of trust companies

1. The trustee shall abide by the provisions of the trust documents and handle the trust affairs in the best interests of the beneficiaries; When managing the trust property, the trustee must fulfill his duties and fulfill the obligations of honesty, credibility, prudence and effective management.

2. The trustee shall not use the trust property to seek benefits for himself, except as agreed in the contract. If the trustee violates the contract and uses the trust property to seek benefits for himself, the benefits obtained shall belong to the trust property.

3. The trustee shall not convert the trust property into its inherent property. If the trustee converts the trust property into its inherent property, he must restore the trust property to its original state; If losses are caused to the trust property, it shall be liable for compensation.

4. The trustee shall not trade his inherent property with the trust property or the trust property of different principals, unless otherwise agreed in the trust contract or agreed by the principals or beneficiaries, and trade at a fair market price. If the trustee violates the regulations and causes losses to the trust property, he shall be liable for compensation.

5. The trustee must manage and account for the trust property and its inherent property respectively, and manage and account for the trust networks of different clients respectively.