Asset management trust is divided into four categories

2022-07-15 0 By

On April 3, some trust companies have received a notice on adjusting the classification of trust business (draft for Comments) issued by the regulatory authorities, which clearly shows the framework of the forthcoming reform of trust business.Trust business will be divided into three categories: asset management trust, asset service trust, and public/charitable trust. Among them, there are four categories under asset management trust: fixed income property management trust, equity asset management trust, commodity and financial derivatives asset management trust and hybrid asset management trust.There are four categories of asset service trust, namely, administrative management trust, asset securitization trust, risk disposal trust and wealth management trust, and there are still sub-categories under these four categories.It is worth mentioning that the reform framework displayed in the Draft for Soliciting Opinions on trust Business Classification is not