Extended data

1, credit insurance fund

Trust industry guarantee fund refers to the private mutual fund raised by trust industry market participants in accordance with the Measures for the Administration of Trust Industry Guarantee Fund to resolve and dispose of trust industry risks.

Step 2 trust

Trust refers to the act that the principal entrusts his property rights to the trustee based on his trust in the trustee, and the trustee manages and disposes in his own name for the benefit of the beneficiary or for a specific purpose according to the wishes of the principal.

Trust is a way of financial management, a special property management system and legal behavior, and also a financial system. It constitutes a modern financial system with banks, insurance and securities.

Trust business is a legal act based on credit, which generally involves three parties, namely, the trustor who has invested in credit, the trusted trustee and the beneficiary who benefits from others.