Question 2: What does trust mean? Trust is a kind of credit trust, and its object can be banks, individuals or companies.
Detailed:
Trust is trust. Refers to the act of managing, managing and handling an economic affairs on behalf of others. Trust business handled by banks is banking business conducted as an intermediary, which can be classified as intermediary business.
In trust business, the person who owns the trust property is usually called the principal. They entrust their property to others for management and disposal in order to achieve a certain purpose. The trustee is the person who accepts the trustee's request and manages and disposes of the trust property according to the contract. When the client entrusts the property to the trustee for management and disposal, both parties need to sign a contract or agreement, which is called trust behavior. Income will be generated through trust activities, and the person who enjoys the trust income is the beneficiary, which can be the principal himself or a third person. The economic relationship between the trustor, the trustee and the beneficiary around the trust property is called trust relationship.
According to the different objects, purposes and business contents of trust, the types of trust can be divided in many ways. According to the object, it can be divided into personal trust and legal person trust; According to the purpose, it is divided into for-profit trust and non-profit trust; According to the beneficiaries, it is divided into self-interest entrustment and other-interest entrustment; According to the benefit scope of trust, it can be divided into public letter and private letter; According to the content of trust business, it can be divided into fund trust and non-fund trust; According to the basis of trust behavior, it can be divided into free trust and legal trust; According to the field and scope of trust business, it can be divided into domestic trust and international trust; According to the nature of trust affairs, it can be divided into civil trust and commercial trust.
As an intermediary business of banks, trust has three functions:
Financial function. Because trust focuses on raising funds and financing, financing through trust is also an important financing method.
Financial management function. Because the generation of trust begins with financial management. The so-called financial management means that the trust institution accepts the entrustment of the property owner to manage and handle the property for it. As far as the businesses handled by domestic bank trust departments are concerned, they all have financial management functions.
Credit service function. As an intermediary business of banks, trust can provide rich credit services to legal persons and organizations according to actual needs.
At present, banks in China provide the following trust services:
Trust deposit. Refers to the funds that enterprises, units or individuals can use independently, which are deposited in trust institutions and entrusted to use on their behalf, but the objects and purposes are not specified.
Trust loan. It is a kind of trust business in which trust institutions provide funds to enterprises in the form of loans with general trust deposits and part of their own funds absorbed, and charge interest.
Trust investment. Trust institutions directly invest in enterprises as investors. The sources of trust investment are the trust institution's own funds and long-term stable trust deposits.
Property trust. Trust institutions accept the entrustment of entrusting units to sell or lease property to designated or unspecified units.
Entrusted loan. According to the requirements of the entrusting unit, the trust institution uses the loan funds pre-deposited by the entrusting unit to issue loans according to the objects and purposes specified by the entrusting unit.
Entrusted investment. The trustor deposits the funds to be invested in the trust institution and entrusts it to invest in the designated enterprise or project, and the trust institution will supervise the operation and management of the enterprise and the income distribution on its behalf.
Question 3: What is the concept of trust? Trust financial management is a kind of property management system, and its core content is "entrusted financial management". Specifically, it refers to the act that the trustor entrusts his property rights to the trustee based on his trust in the trustee, and the trustee manages or disposes in his own name for the benefit of the beneficiary or for a specific purpose according to the wishes of the trustor. In 20 10, the issuance scale of the trust market was 3 trillion, with an annual growth rate of over 30%. Trust products are products issued by trust institutions and sold through banks, securities companies and professional independent financial management companies. The income of trust wealth management products can be fixed or floating. At present, the mainstream products in the market are still dominated by fixed rate of return, with an annual income of 9- 13%, which is the biggest selling point of trust wealth management products. Trust plan products are generally infrastructure trust plans with excellent qualifications and stable income, and most of them are guaranteed by third-party banks, which is slightly safer than simple trust investment projects. At the same time, in the process of investment, banks will constantly monitor and track the trend of loans to avoid the investment risks of trust projects to the greatest extent. Superiority Wealth Management Center, Zhanheng Wealth Management, noah wealth, etc. , influential in the market, mainly engaged in trust products.
Specific Baidu Encyclopedia also has detailed answers.
Question 4: What is trust? The definition of trust is entrusted by people to manage money for others.
The trustor gives the assets to the trustee and designates the beneficiary of the assets.
When the trustee manages the assets for the client, the income generated shall be paid to the beneficiary in accordance with the trust contract.
Question 5: What does a trust company mean? Trust company is a multilateral credit behavior based on trust entrustment, in the form of monetary funds and physical property management, which integrates financing and gold. It appears with the development of commodity economy. Trust business appeared in Britain in the18th century. Trust business mainly includes two aspects: entrustment and agency. The former means that the property owner entrusts his property to others for the benefit of himself or his designee, and requests to properly manage and operate it for a certain purpose; The latter refers to some economic affairs that one party authorizes the other party to handle on its behalf. Trust business involves three parties: the principal, the trustee and the beneficiary. The person who transfers the property right, that is, the original owner of the property right is the principal; The person who accepts the entrustment to manage and operate the property on his behalf is the trustee; Those who enjoy property benefits are the beneficiaries. There are many kinds of trusts, including personal trust, legal person trust, arbitrary trust, special trust, public trust, private trust, self-interest trust, other benefit trust, capital trust, movable property trust, real estate trust, business trust, non-business trust, civil trust and commercial trust. Trust business is flexible and adaptable, which is conducive to invigorating the economy and strengthening economic and technological cooperation between regions; It is conducive to absorbing domestic and foreign funds and supporting the equipment renewal and technological transformation of enterprises.
1, the definition of trust:
Trust refers to the act that the trustor entrusts his legally owned property to the trustee based on his trust in the trustee (trust and investment company), and the trustee manages or disposes in his own name for the benefit of the beneficiary or for a specific purpose according to the wishes of the trustor. Generally speaking, it is "entrusted to manage money on behalf of others".
2. The basic characteristics of trust:
(1). Trust is based on trust, and the trustee should have a good reputation.
(2) The premise of a trust is that the trustor should entrust his own property to the trustee.
(3) The trust property is independent. After the trust is established according to law, the trust property is separated from the self-owned property of the trustor, trustee and beneficiary and becomes independent property.
(4) The largest trust affairs in interest management in which the trustee is the beneficiary.
3. Provisions of the Trust Law on the Establishment of Trust:
(1), the establishment of a trust must have a legitimate trust purpose;
(2) To establish a trust, there must be definite trust property, which must be the property legally owned by the client, including legal property rights.
(3) When establishing a trust, the trust documents shall be in written form.
(4) If the relevant laws and administrative regulations stipulate that the trust property needs to be registered, the trust registration shall be handled according to law.
4. Definition of trust business of trust and investment companies:
Trust business refers to the business behavior of trust and investment companies to accept entrustment and handle trust affairs as trustees for the purpose of collecting remuneration.
5. Trust business scope:
Trust business includes commercial trust, civil trust, public trust and other fields. Financial trust and investment companies approved by the central bank can operate four types of trust business, including fund trust, chattel trust, real estate trust and other property trust.
6. The parties to the trust:
Client: A person who entrusts a trust company to manage his own property. Conditions: the legal owner of the property; Legal persons, natural persons and other organizations established according to law with full capacity for civil conduct.
Trustee: a person who accepts a trust and manages or disposes of the trust property according to the provisions of the trust contract. However, the trustee who can engage in trust business must be a trust and investment company approved by the People's Bank of China.
Beneficiary: the person who enjoys the trust benefit (trust beneficial right). It can be a natural person, a legal person or other organizations established according to law. It can be the principal himself or someone else. A trust with the same principal and beneficiary is a self-interest trust, and a trust with different beneficiaries is a heterointerest trust.
7. Definition of trust property:
Trust property refers to the property transferred by the trustor to the trustee through trust behavior, which is managed or disposed of by the trustee according to a certain trust purpose, and the property income obtained after management, application or disposition.
Property prohibited from circulation by laws and administrative regulations shall not be used as trust property; Property whose circulation is restricted by laws and administrative regulations may be used as trust property after being approved by the relevant competent department according to law. Trust property includes funds, movable property, immovable property and other property rights.
8. Independence of trust property:
(1), the trust property is different from the owner's own property and the trustee's inherent property, and is not affected by the deterioration or even bankruptcy of the financial situation of the trustor and trustee.
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Question 6: What do you mean by trust and investment? Regarding trust and investment, I have summarized the following points:
1. Trust (English: Trust) is a special property management system and legal act, and also a financial system. Trust, banking, insurance and securities together constitute a modern financial system. Trust business is a legal act based on credit, which generally involves three parties, namely, the trustor who invests in credit, the trustee who is trusted by others and the beneficiary who benefits from others.
2. Benefits of trust investment and financial management:
(1) The role of financial management on behalf of customers broadens investors' investment channels. trust
Its characteristics are: first, economies of scale, scattered funds are cleverly collected by trusts and used by professional investment institutions for various financial instruments or industrial investments to realize asset appreciation; The second is expert management. The management of trust property is managed by experts in related industries. They have rich investment experience in the industry, master advanced financial management technology, and are good at capturing market opportunities, which provides an important guarantee for the appreciation of trust property.
(2) Gathering funds to serve the economy:
Because the trust system can effectively maintain and manage the owner's funds and property, it has strong fund-raising ability, creates a good financing environment for enterprises to raise funds, and more importantly, it can transform savings funds into production funds, which can effectively support economic development.
(3) the role of avoiding and dispersing risks:
Due to the independence of the trust property, there is no legal flaw in the establishment of the trust property, which can resist the litigation of the third party during the trust period and ensure that the trust property is not infringed, thus making the trust system have the risk avoidance function that other economic systems do not have.
④ Promoting the development and perfection of the financial system;
⑤ Develop social welfare undertakings and improve the role of social security system;
The establishment of various charitable trusts can support the development of science and technology, education, culture, sports, health and charity in China.
⑥ Trust system is beneficial to the construction of social credit system;
The establishment of credit system is the basis of market rules, and credit is the cornerstone of trust. As an economic system, trust is inseparable from the support of the principle of good faith. The return of the trust system not only promoted the development of the financial industry, but also played a positive role in the construction of the whole social credit system.
Question 7: What is the difference between asset management and trust? One is to issue stocks through bonds, and the other is overseas funds. Welcome to Gao Souyi.
Question 8: What is the meaning of A B C in trust? Newcomers have different product classification models, some by investment period, and some by investment threshold. In fact, no matter how it is classified, it is mainly to distinguish investment income. Trust income is different in different periods.
Question 9: What do you mean by inferior trust? You should refer to the concept of secondary beneficiary in the trust plan.
Generally speaking, the inferior beneficiary refers to the structured trust products issued by trust companies relative to priority beneficiaries. In the same product, the priority beneficiaries share a lower rate of return and bear less risks, while the inferior beneficiaries bear more risks and get higher benefits. In the securities investment trust business, the trust company is nominally the initiator of the issuance trust plan, but in fact some securities investment trust businesses are initiated by one (or several) investors. Some investors have good investment ability, but limited funds, so they issue trust plans in the name of trust companies to raise funds and increase income. In this trust plan, although the trust company still hires another investment consultant in name, in fact, only investors can really decide the direction, time, quantity and price of securities trading. In order to restrain the behavior of investors, in this kind of trust plan, the lowest income level of other ordinary investors is usually guaranteed, and a compulsory liquidation line is set up to stipulate the losses that investors should make up immediately when they lose money. At this time, investors are figuratively called "inferior beneficiaries" and other ordinary investors are called "priority beneficiaries".
When a trust company issues a trust plan for the "inferior beneficiary", it actually provides financing services for the "inferior beneficiary" to buy and sell securities. According to the provisions of Article 142 of the Securities Law, securities companies providing margin financing and securities lending services for customers to buy and sell securities shall comply with the provisions of the State Council and be approved by the securities regulatory authority in the State Council. Of course, securities companies have no direct legal relationship with "inferior beneficiaries" in this kind of business, and there is no violation, but after all, they are suspected of playing the legal edge ball. When there is evidence that securities companies actively match trust companies for "inferior beneficiaries" and promote the issuance of trust plans, securities companies still have greater illegal risks. Fortunately, most securities investment trust schemes do not involve "inferior beneficiaries". It is common that all beneficiaries are treated equally, and the minimum income is not guaranteed, and securities companies can participate reasonably and legally.
Question 10: What does blind trust mean? As the name implies, waste letter is a system designed for those who have a good family life, but have no constraints and poor self-control ability. China has a saying called "dude", which refers to this kind of person. Blind trust means that the client gives up all control over the trust property, and the trustee has complete management and disposal rights over the trust property. The trustor and beneficiary give up any right to know about the trust property investment and have no right to interfere.
Why should others take care of their own money? Why do you want someone else to take care of your children? Why are the owners of wealth willing to give up the right to know and right to interfere? The answer is simple: doting on others harms others, and people who have no self-control ability harm others, so they need external and institutional correction. As the saying goes, there is no Fiona Fang without rules.
Abandoned trust is a kind of trust established by the client to protect the beneficiary. For example, parents can pay their children's living expenses to trustees or trust companies when they know that their children have various bad habits and refuse to change them after repeated education. In this kind of trust, the trustee controls the income and expenditure of the trust and pays a small amount of living expenses to the beneficiary according to his actual needs. The trustee can also bypass the beneficiary and pay directly to the third party that provides services for the beneficiary, such as paying tuition directly to the school and paying air tickets and accommodation directly to the travel agency to prevent the beneficiary from intercepting it and using it for other purposes. The trustee can even refuse some extravagant consumption requirements put forward by the beneficiary without consulting his parents, such as going to bars and drinking with bad partners.
This kind of trust is aimed at the profligacy habit of the beneficiary to avoid the entrusted property being squandered by him. In order to keep the trust property in a safe state all the time, the trustor may also stipulate in the trust document that it is forbidden to transfer the beneficial right, and the beneficiary may not terminate or transfer the trust property and income to the creditor in advance. At the same time, it is stipulated that if the beneficiary has debts, his creditors cannot approach or obtain the benefits of the beneficiary before the trust property is actually transferred to the beneficiary. In other words, the creditor of the beneficiary has no right to claim the trust interest. In this way, even if the beneficiary is a spendthrift, the property allocated to him will not be legally taken away by the creditor.
This distrust can be used not only for the younger generation, but also for restricting the older generation. For example, wealthy and filial children directly pay the expenses to the nursing home instead of letting the elderly pay for it themselves, which can also prevent the latter from falling into the trap of swindlers. Restrictive consumer trust can play a preventive role in advance, so that the elderly with reduced resolution and stubborn opinions can avoid falling into the trap of fraud and enjoy their old age.
Blind trust means that the client entrusts the trustee with full authority to manage the trust property, and he does not participate, ask questions or interfere. In western countries with strict legal system, this kind of blind trust is mainly suitable for personal financial management such as public officials and company executives, and because of its nature of work, there is a conflict of interest with its decision-making position. Therefore, legislators often ask these people to use blind trust to isolate the investment management of their personal property, so as to avoid possible conflicts of interest and insider trading, thus ensuring the objectivity and fairness of their decisions.
At the same time, the trustee of blind trust must be a financial institution independent of the influence of the client, and the client cannot hold a considerable proportion of its shares or have substantial influence on the institution. At this time, the client must sign a contract and voluntarily give up many rights, including: not giving instructions to the trustee's management mode, not asking the trustee to provide an account report, not canceling the management decision made by the trustee without authorization, and not changing the beneficiary.
Not only public officials and executives of financial institutions, blind trust can also play a role in daily life. The famous film Citizen Kane, based on a true story, tells that in 1868, Kane's mother obtained a mining license for a waste mine from a tenant who was in arrears with rent, but it turned out to be the third-largest gold mine in the world. In the case of getting rich overnight, my mother did not get carried away. As the holder of mineral exploitation rights, she calmly entrusted the company of banker Taiche with full authority to manage the newly acquired industry despite the opposition of Kane's father, and left her young son Kane to the care of banker Taiche. Let them take them to big cities to receive formal education and leave their own backcountry.
Thai car reasonably manages the entrusted property. He bought a lot of property for Kane, and one of the important things was to buy the Inquirer in new york for him. It was this newspaper that made Kane embark on the road of newspaper tycoon and become a great entrepreneur and philanthropist.
Impressively, in this process of trust, housewives were born. & gt