Institutional innovation of trust industry

1. Promoting the reform of property rights system and establishing a modern enterprise system are the basis for the development of trust and investment companies. The institutional defects such as the simplification of property rights and the separation of government and enterprise make the development of trust and investment companies falter. In order to fundamentally solve this institutional malpractice that has long plagued the development of China's financial industry, we must accelerate the pace of building a modern enterprise system represented by diversification and property rights diversification, absorb various economic components of society, and form a corporate governance mechanism with clear property rights and unified responsibilities and rights on this basis, so as to promote the development of China's trust and investment industry.

2. Correct market positioning is the prerequisite for the development of trust and investment companies. The Measures define trust and investment companies as non-bank financial institutions that accept trust property and handle trust business as trustees for the purpose of collecting fees or commissions.

This position has perfected the current financial system and recognized that trust is an indispensable part of China's financial system. It can be seen from the provisions of the Measures that trust and investment companies are specialized asset management institutions, fund management institutions in the money market and institutional investors in the capital market, and their main business is "entrusted by people to manage money on their behalf". Trust and investment companies can be entrusted with all the property management business, and their business scope is far larger than that of existing banks, securities companies and insurance companies, and they can even be entrusted by banks and securities companies to operate these enterprises.

3. Qualified management talents are the fundamental guarantee for the survival and development of trust and investment companies. Trust has two meanings: trust and entrustment, and only trust can entrust. Only when trust and investment companies establish the credibility of customers' trust and have satisfactory financial strength, management level, anti-risk ability and profitability, will customers have enough confidence to entrust and trust and investment companies can develop. To establish a good reputation, first, we must have sufficient strength and perfect mechanism to ensure that we can guard against financial risks and ensure the interests of customers; The second is to have superb financial management ability, create good economic benefits, and let customers get satisfactory income. To achieve the above goals, we need a group of qualified enterprise management talents, financial experts and financial engineering experts. This is the fundamental guarantee for the survival and development of trust and investment companies, and it is also the human capital and core competitiveness of trust and investment companies.