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Why are banks, insurance companies, and securities companies all state-controlled, but trust companies and fund companies don’t seem to be state-controlled. Why?

In fact, the country attaches great importance to the trust industry. my country's four major financial pillar industries are banking, trust, insurance, and securities.

The trust industry has undergone seven major reforms in recent decades. There are currently 71 trust companies across the country, most of which have backgrounds from central enterprises or local finance departments.