Comparative Study of Trust Industry: Historical Evolution, Positioning and Development

Author: Gai Yongguang
Publisher:
Publish Date: 2004-05-01
Features: Modern finance is composed of four major pillars: banking, insurance, securities, and trust. Trust is one of the most important components of modern financial activities. The development of the trust industry is inseparable from the economic development of various countries. The basic function of the trust industry is property management, including the management and handling of tangible and intangible assets for individuals, legal entities, groups, and other types of clients. With the increasing trend of financial conglomerate operations, trust industries in various countries continue to emphasize their fundamental functions while placing greater importance on other functions, such as financing, investment, and financial services. Against the backdrop of global financial integration, the trend of financial conglomerate operations is gradually becoming a defining feature of modern finance. The integration of the trust industry with other sectors has become inevitable, as this is the only way to meet the diverse demands of modern society for financial services. This book is the research outcome of a key project by the Shandong Provincial Soft Science Committee from 2002-2003. It incorporates relevant research achievements from domestic and international academic circles on the trust industry.