Can private enterprises or private enterprises open trust companies?

At present, there is no precedent for private companies to invest in trust companies, and private companies have reorganized Anshan Trust (now called Anxin Trust) with Guozhijie Holdings.

The following contents are quoted from the Administrative Measures for Trust and Investment Companies promulgated by the People's Bank of China on June 5, 2002:

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Article 11 A trust and investment company shall be established as a limited liability company or a joint stock limited company.

Article 12 The establishment of a trust and investment company must be approved by the People's Bank of China, and the Trust Institution Legal Person License must be obtained.

Without the approval of the People's Bank of China, no unit or individual may engage in trust business, and no business unit may use the words "trust and investment" in its name. Except as otherwise provided by laws and administrative regulations.

Article 13 The establishment of a trust and investment company shall meet the following conditions:

(1) Having articles of association that conform to the Company Law of People's Republic of China (PRC) and the provisions of the People's Bank of China;

(2) Shareholders who meet the requirements of the People's Bank of China;

(3) Having the minimum registered capital that meets the requirements of these Measures;

(4) Having senior managers who meet the post qualifications stipulated by the People's Bank of China and trust practitioners who are suitable for their business;

(5) Having a sound organizational structure, operating rules for trust business and risk control system.

(6) Having business premises, safety precautions and other business-related facilities that meet the requirements;

(seven) other conditions stipulated by the people's Bank of China.

The People's Bank of China may examine the application for establishing a trust and investment company according to the needs of economic development and the situation of the trust market.

Article 14 The registered capital of a trust and investment company shall not be less than 300 million yuan.

The registered capital of a trust and investment company engaged in foreign exchange business shall include not less than the equivalent of US$ 6,543,800+0,500.

The People's Bank of China may, according to the needs of the development of trust and investment companies, adjust the minimum registered capital for the establishment of trust and investment companies.

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