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Are trust wealth management products reliable?
First of all, trust companies are absolutely reliable. There are only more than 60 in China, and financial licenses are quite scarce. Generally speaking, the rigid redemption of trust has always been the unspoken rule of the industry. Even if the project is risky, the trust company will auction the collateral first, or find an asset company to take over. Finally, the trust company will carry on the problem project for the sake of credibility and license. For example, recently, the Qingdao Hyatt project under Zhongrong detonated the unfinished trust due to serial debts, and the auction of mortgage assets seemed to be an auction, but Zhongrong Trust advanced the investor's principal and income in this project.