The Development And Innovation Of China Trust Industry

The establishment of China international trust and investment companies marks the modern China’s trust industry begen to recover, Since then China’s trust industry get rapid development.. In the next time China’s trust industry has experienced six different levels of rectification, The People’s Bank of China issued and implemented a series of laws and regulations to strengthen the industry’s risk management and regulation, In October2001,《The trust law of the People’s Republic of China》 issued.One year later, in view of the risk of the trust industry is still not acceptable, ThePeople’s Bank of China continue their trust legislation system,《Management method of trust company》 and 《Management method of trust company’assembled funds trust plan》 are successively introduced.Then the development of Chinese economy come into rapid development of ten years, The social wealth grow rapidly, China’s trust industry leaps and bounds in the past ten years, forms and develops the huge potential market and the size of the trust, assets become the second area of the financial industry after the size of the banking assets.However, the rapid development of the trust industry does not show that trust industry has a clear positioning and target, in the process of development still has exposed many problems, it is the only financial institutions who can not position in the the main four big financial institutions, and does not conform to the position of the second. So, under the background of the increasingly fierce competition in the financial industry, the trust industry must turn to the pursuit of connotative business models with high added value from one-sided pursuit of assets in vulgar management pattern, constantly seek innovation in the existing model and adjust the profit pattern of the original in the development of the future, eventually make the industry really become the clear goal, positioning clear financial institutions.This paper respectively analyzes and sums up the development of China’s trust industry and trust product innovation,from the angle of business development, by comparing with foreign developed countries on the development of trust, puts forward a new development in the future from the angle of innovation of trust for trust industry development combined with the future development direction of China’s financial situation, and puts forward views and suggestions in the future development of China’s trust industry.