Advances in Economics, Management and Political Sciences

- The Open Access Proceedings Series for Conferences


Proceedings of the 7th International Conference on Economic Management and Green Development

Series Vol. 39 , 10 November 2023


Open Access | Article

Analysis of the Chinese Trust Industry

Wangzi Gao * 1 , Zhenyi Lu 2 , Leyang Zhang 3 , Zilin Zhang 4 , Xucheng Luo 5
1 University of California
2 The University of Hong Kong
3 Living World Shanghai
4 University of Melbourne
5 Zhejiang University City College

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 39, 145-152
Published 10 November 2023. © 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Wangzi Gao, Zhenyi Lu, Leyang Zhang, Zilin Zhang, Xucheng Luo. Analysis of the Chinese Trust Industry. AEMPS (2023) Vol. 39: 145-152. DOI: 10.54254/2754-1169/39/20231955.

Abstract

China’s financial market is one of the largest in the world. The trust industry makes up a great proportion of that market. Analyzing the Chinese industry with examples of top trust companies will improve our understanding of the market. We analyze the entire Chinese trust industry by presenting the case of specific trust companies. The paper contains a definition of the trust industry and products, a comparison of the Chinese trust industry with the American trust industry, an analysis of trust products in China, an analysis of risks of the Chinese trust industry, a comparison of the trust industry with other financial industries in China, and description of Chinese government’s policies on the trust industry.

Keywords

trust fund, trust product, China, government policies

References

1. “Trust Law of the People's Republic of China.” Pbc.gov.cn, http://www.pbc.gov.cn/english/130733/3842874/index.html.

2. Barone, Adam. “What Everyone Should Know about Trust Companies.” Investopedia, Investopedia, 8 July 2022, https://www.investopedia.com/terms/t/trustcompany.asp.

3. Research Report on China trust industry - 2010-2011. (Industry overview). (2010). In China Weekly News (p. 167–). NewsRX LLC.

4. “Comments on the Development of China’s Trust Industry in 2018.” China Trustee Association, http://www.xtxh.net/xtxh/financeEN/45458.htm.

5. Jinrongjie. “An analysis of the impact of reserve requirement reduction on the trust market” https://baijiahao.baidu.com/s?id=1731072775823199780&wfr=spider&for=pc

Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 7th International Conference on Economic Management and Green Development
ISBN (Print)
978-1-83558-099-8
ISBN (Online)
978-1-83558-100-1
Published Date
10 November 2023
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/39/20231955
Copyright
10 November 2023
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated