Can a trust company underwrite stocks?
Trust companies may not underwrite stocks. According to relevant public information, brokers can issue underwriting stocks, but trust companies can't. Trust companies, in China, refer to financial institutions mainly engaged in trust business established in accordance with the Company Law of People's Republic of China (PRC) and the Measures for the Administration of Trust Companies. Trust company is a multilateral credit behavior that combines financing and finance on the basis of trust entrustment and in the form of managing monetary funds and physical property.