A trust company is a multilateral credit act that integrates financing and is based on trust and entrustment, in the form of monetary funds and physical property management.

It emerged with the development of commodity economy.

The trust business appeared in England in the 18th century.

Trust business mainly includes two aspects: entrustment and agency.

The former means that the property owner entrusts his property to others for the benefit of himself or his designee and requires appropriate management and beneficial operation for a certain purpose; the latter means that one party authorizes another party to handle certain matters on his behalf.

economic affairs.

A trust involves three parties: the settlor, the trustee and the beneficiary.

The person who transfers the property rights, that is, the owner of the original property, is the principal; the person who is entrusted to manage and operate the property is the trustee; the beneficiary is the person who enjoys the interests of the property.

There are many types of trusts, including personal trusts, corporate trusts, discretionary trusts, special trusts, public trusts, private trusts, self-benefit trusts, other-benefit trusts, capital trusts, chattel trusts, real estate trusts, business trusts, non-business trusts, and civil trusts.

, commercial trust.

The trust business is flexible and adaptable, which is conducive to revitalizing the economy and strengthening regional economic and technical cooperation; it is conducive to absorbing domestic and foreign funds and supporting the equipment updating and technological transformation of enterprises.

Definition of trust: Trust means that the trustor entrusts his legally owned property to the trustee based on his trust in the trustee (trust investment company).

The act of managing or disposing of something in one’s own name.

Generally speaking, it means "being entrusted by others to manage money for others."