A trust fund refers to a fund established by a trust company or a professional institution, based on trust property, and managed by a trust company or a professional institution as a trustee. Trust fund is a special form of fund, which stipulates that the trustee shall manage and use the trust property according to law through the trust contract, so as to realize the client's wealth appreciation goal.

2. Characteristics of trust funds Trust funds have the following characteristics:

Trust funds are based on trust property, and investment funds come from the trust property of the client, rather than raising public funds.

The investment management of trust funds is the responsibility of professional institutions or trust companies, and the trustee must abide by laws and regulations and trust contracts to ensure the interests of the clients.

Trust funds are relatively flexible in investment scope, and can be invested in different fields such as stocks, bonds, real estate and infrastructure to realize diversified asset allocation.

Trust funds have a long term, generally more than three years, which is conducive to long-term stable fund operation and value-added.

3. Mode of operation of the trust fund The mode of operation of the trust fund mainly includes the following links:

The trustor chooses a trust company or a professional institution as the trustee, signs a trust contract, and stipulates the rights and responsibilities of the trustee and the way to manage the investment.

The trustor delivers the trust property to the trustee as the basic fund of the trust fund.

The trustee shall, according to the requirements of the trustor and the stipulations of the trust contract, formulate and implement the investment plan, including selecting the investment target and carrying out the investment operation.

The trustee shall regularly report the investment and income of the trust funds to the client, and the trustee shall regularly disclose relevant information to the regulatory authorities to ensure that the investment activities are legal and compliant.

Trust fund is a kind of fund based on trust property, which is managed and invested by professional institutions or trust companies as trustees. It has the characteristics of trust property, professional investment management, flexible and diverse investment scope and long term. By signing a trust contract between the trustor and the trustee, the trustee's rights and responsibilities and the way to manage the investment are agreed, and the client's wealth appreciation goal is realized.