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What is a brokerage trust?

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Brokerage trust is two concepts, namely, brokerage, and trust

"brokerage", that is, a company that deals in securities trading, or a securities company. In China, there are Shen Yin nations, Shen Yin nations, Galaxy, Huatai, Guoxin and so on. In fact, it is the agent of Shanghai Stock Exchange and Shenzhen Stock Exchange.

at present, there are 16 brokers who are always compliant, of which 16 have entered the ranks of AAA brokers in 211, and there are no AAA brokers at present. In addition, the rest are divided into B and C, and there are no D and E brokers in China at present. The 16 brokers who obtained AA level include Essence Securities, Everbright Securities, Guangfa Securities, Guotai Junan, Guosen Securities, Haitong Securities, Huatai Securities, Huaxi Securities, Ping An Securities, Qilu Securities, Shen Yin Wanguo, Galaxy Securities, China Merchants Securities, CICC, CITIC Jiantou and CITIC Securities.

It is reported that securities companies are divided into five categories, namely, A(AAA, AA, A), B(BBB, BB, B), C(CCC, CC, C), D and E, with 11 levels. Companies at all levels in the three categories of A, B and C are normal operating companies, and the division of their categories and levels only reflects the relative level of the company's risk management ability in the industry. Class D and E companies are companies whose potential risks may exceed the company's tolerable range and whose risk disposal measures are taken according to law.

Trust is trust, and trust business is a legal act based on credit, which generally involves three parties, namely, the trustor of the investor's credit, the trustee trusted by the person and the beneficiary who benefits from the person. Trust business is that the trustor transfers the property rights to the trustee (natural person or legal person) for the benefit of himself or a third party (beneficiary) in accordance with the provisions of the contract or the will, and the trustee occupies, manages and uses the trust property according to the prescribed conditions and scope, and handles its income.

Trust industry in China can be traced back to the early 2th century. The contemporary trust industry originated with the reform and opening up, which has played a positive role in making up for the deficiency of traditional single bank credit in China, using idle social funds, introducing foreign capital and expanding investment channels, and has played a positive role in China's economic development. With the development of market economy and the deepening of reform, the huge growth of social wealth, the diversification of property rights system and the acceleration of building a well-off society in an all-round way, it is imperative to entrust others to manage and dispose of their own property. The promulgation of "one law and two regulations" will lay a legal foundation for the healthy development of trust industry. According to preliminary statistics, more than 4 trust products have been launched in the market from 22 to the first quarter of 23, and the trust funds have absorbed more than 7 billion yuan. At the same time, as a standardized and typical trust product, the securities market fund has been familiar with people's daily trust life.

However, the trust industry in China was born in chaos and developed in the process of continuous cleaning and rectification. In China, trust business has great flexibility and universality because of its flexibility. Under the environment of separate operation of China's financial industry, trust companies are the only institutions that can comprehensively utilize financial markets and connect industries and financial markets. From investment and financing of infrastructure and large-scale engineering construction to merger and reorganization of enterprises, restructuring consultants to leasing and guarantee, trust companies can provide financial services for the whole program. It almost covers other financial and investment banking businesses except savings, securities brokerage and insurance.