The trust system originated in Britain, and developed on the basis of the British "eustace system", and it has been several centuries.
However, the modern trust system developed rapidly after it was introduced to the United States in the early19th century. The United States is the country with the most perfect trust system, the richest trust products and the largest total development.
China's trust system was first born in the early 20th century. However, at that time, China was a semi-colonial and semi-feudal society, and the economic foundation for the existence and development of the trust industry was extremely weak, so it was difficult for the trust industry to make a difference.
The real development of trust industry in China began with the reform and opening up, which is the product of the reform and opening up. 1978, at the beginning of the reform, many regions and departments had a great demand for construction funds. With the approval of the State Council 1979, China International Trust and Investment Company, the first trust institution in China, was born to meet the diversified financing methods and capital needs of the whole society. Its birth marks that the modern trust system in China has entered a new era, which has greatly promoted the development of trust industry in China.