2014 Chinese trust companies list
Trust, as one of the most important part of the modern financial system, but it rarely seems to appear in the perspective of ordinary people. In fact, now the trust has become the second largest banking sector the second largest financial sub-sectors in China plays a very important role in the national economy.
“2014 Billboard of Chinese trust companies”, from, average yields on assets under management, Internet innovation in three dimensions to comb among trust companies in 2014, the overall situation in China. Show the user with Internet trends, self-rising, trustworthiness and reliability of excellent trusts. And for ordinary people who crack the “unfamiliar” mystery of the trust industry.
No letter, no support
The trust, with the banking, insurance, securities, funds and other ordinary people often hear, compared to the more familiar with financial businesses, as though it has not been widely publicized. But, in fact, trust is so closely linked with us, it happens almost all the time in our side, using a different form.
The trust, in English words is Trust, trust, no letters, no expectations. Back more than 2000 years ago, the trust existed. Pu Jian, Chairman of CITIC trust limited liability company gives a vivid example: a village woman to work in the fields, their children have no one to take care of, and she trusted the children entrusted to their neighbours to look after, which is a trust.
Then the trust slowly into a financial instrument. When a person’s property, funds, you need to manage, add value, but when enough time, energy or finance Professional, he would want to own such property and funds entrusted to a professional, familiar with the rules or institutions to run the business, which is trust money management.
Today’s trust, has become a special kind of property management system, and law, together with a financial institution. It is based on trust, will invest credit client, trustee of trust in people, as well as the beneficiary shall contact the three together, and the formation of a strong system of legal relations.
Client is the creator of the trust relationship, can be an individual, or it can be corporate or other organizations established according to law. And the trustee, and is especially in China by the China Banking Regulatory Commission approved the establishment of a trust and investment company, which belongs to the non-bank financial institutions. Beneficiary is a person having a beneficial right of the trust in the trust, may be the principal himself or someone else, can also be a legal person or other organizations established according to law, and even the unborn fetus. And the beneficiary of the charitable trust is the public.
Fiduciary trust property includes both tangible property, such as shares, bonds, goods, land, buildings, and bank deposits: include intangible assets, such as insurance policies, patent trademark and reputation, and even some of the natural rights, for example, made a will before he died.
Because the trust is a legal act, so that in countries with different legal systems, which is defined there are large differences. This definition just now introduced our trust. In fact, an excessive number of different definitions of trust in history, but until today, there is no complete consensus on the definition of trust.
However, regardless of the legal definition, the trust’s core remains unchanged, that is faith. People of faith, entrusted by the people, shoe people told, generations of wealth has been since time immemorial, all Trustees (trust) duties. With the development of trust skewed towards financial, trust companies bear the responsibility of not only trusted financial, as well as financial intermediation mission – achieving social goods.
Idle facilities
If compared the social wealth is a solid state, because of the different regional economic development, all over, his accumulated wealth is also different, unequal distribution of wealth will inevitably lead to wasted idle wealth and further exacerbate that cumulative balance. While financial’s mission is “solid” wealth “liquefaction”, such that liquidity will be released properly, and make the distribution of wealth in harmony with society as a whole. This is the financial mission.
Trust as a financial form of achieving a harmonious distribution of wealth the way the mission, and other financial forms. Many financial institutions are in the hands of extra money and excess liquidity looking for the exit, seeking high return investment opportunities. After the trust’s approach is to see the investment opportunities, and she, in turn, to raise money.
This kind of initiative and flexibility in different design concept is rooted in trust and other forms of financial differences, because the trust is designed to benefit.
When the first woman entrust the child to a neighbor, neighbors, as trustee, will bear the burden of caring for young children, and after the end of the day, neighbors, by tacit agreement will be safe when the child is returned to the farmer, a full trust ends. This initial trust is unrequited, and innate goodness of human psychology from which it originates, from the heart. And humans must depend on each other and help each other to move forward together, charity has become a natural behavior. Trust is a charity, and has inherent altruism.
To this day, trusts as financial instruments more widely, but its altruistic design philosophy remains the same. Figuratively said, many other financial institutions money at first and then look for items, but after the trust is the first project for money. Financial trust causes have tended to be to help people solve problems and address the urgent needs of others. Actively to realize the society as a whole, circulation of the entire national wealth.
With our rankings, followed by CITIC trust, for example, in trust, aware of the weakness of domestic demand, consumption reduction, CITIC research launched a consumer trust, trust relationship connects consumers and markets. Face the problem of agriculture, CITIC trust launched a land trust, fiduciary relationships has become a bridge connecting farmers and producers, and the combination of land and production.
Starting from 2008, our country’s economic development has entered a new period of adjusting the structure and quality, we are all aware of the extensive economic sustainable development are hard to come by. Gaps between the East and the West, between the gap between rich and poor, urban and rural gap, gap between industry to a degree that we cannot fail to concern.
Trust relations in adjusting the gap when they begin to make full use of its flexibility and tolerance. When many people put in trust funds, when invested in a project that needs funding, investment will active participation and sharing the development of the industry.
Thus, whether from the original human relationships, or later of the relations of production, both in terms of ethical and moral considerations, or the later establishment of trust, altruism was the initial consideration of the trust, altruism is the nature trust.
And trust into financial, also became the most compelling service providers in the financial field, and trusts plays the initiative of fortune will have a surplus of wealth and people connect roles. Clients realize management of entrusted assets on the one hand, create value for beneficiaries and on showing his “big feet” make full use of their own advantages, actively to society as a whole wealth of intermediation and mission of fulfilling a harmonious distribution of wealth.
Exploring innovation in future periods
Since 1979, since the establishment of China’s first trust company, China’s trust industry has gone through a rocky history. After all these years the 5 big adjustments, China’s trust industry has successfully defused the accumulated 20 years of systemic financial risk, and enriched the trust capital management has been significantly improved and brought together a wide range of sophisticated and professional team, provides trust services for the community.
This year, China’s trust sector was a crucial year. At the end of the third quarter, assets under management of China’s trust industry is approaching 13 trillion yuan mark. But at the same time, broke out in the Internet banking, the stock market recovery, real estate slump under multiple pressures, some risk of trust are gradually revealed. Trust assets growth rate slowed markedly, and showed its first monthly negative growth this year. Transition and innovation of trust industry without delay.
Many trust companies have already begun strategic structure adjustment, and efforts to seek the road of transforming. Trust, though limited to the large upfront investment, profit model is difficult to break, profit margins relatively small reasons, the transition is difficult. But trust is still trying to transition to change, moving towards the professionalization of management in transition and business innovation, product innovation, and wealth management businesses doing continuous collaborative interaction and lots of exploration and efforts.
For investors, the trust company is constantly developing new trust products, ensuring its security, liquidity and profitability. For investment projects, the trust company has been helping its growth, development, and inject new vitality into it. Trust industry are unique, innate advantage demonstrated strong flexibility and creativity, fulfilling one of the letters, responsibilities entrusted by the people, and for the prosperity of China’s financial, for the development of the real economy into a strong vitality.