YC Trust was established on December 19, 1984 and is controlled by the Guangdong Provincial Government. It has a registered capital of 3.8 billion yuan and a trust asset scale of 201.969 billion yuan.
Trust is credit entrustment, a financial management method, and a special property management system and legal behavior based on credit. Generally, three parties are involved, namely, the principal who invests the credit, the trustee who is trusted by the person, and the beneficiary who benefits from the person. Trust business is a trust business in which the client transfers property rights to a trustee (a natural person or a legal person) for the benefit of himself or a third party (i.e., the beneficiary) in accordance with the provisions of the contract or will. Possess, manage, use trust property, and handle its proceeds.
Currently, many wealthy people inject family investments, including securities and industries, into family trust investment funds to prevent family members from competing for family property and to protect the quality of life of family members.
Trust business is when the trustor transfers the property rights to the trustee (natural person or legal person) for the benefit of himself or a third party (i.e. the beneficiary) in accordance with the provisions of the contract or will. The person shall occupy, manage and use the trust property and handle its proceeds according to the prescribed conditions and scope.
Since trust is a legal act, its definitions vary greatly in countries with different legal systems. There have been many different definitions of trust in history, but to this day, people have not reached a complete understanding of the definition of trust.
Trust property refers to the property transferred from the settlor to the trustee through trust behavior. Trust property includes not only tangible property, such as stocks, bonds, items, land, houses, and bank deposits, but also intangible property, such as insurance policies, patents, trademarks, reputation, etc., and even some natural rights and interests (such as those established before death). A will creates a natural interest for the beneficiaries).
The purpose of the trust refers to the purpose that the trustor wants to achieve through the trust, such as the trustor obtaining high returns for the safety of property or to avoid investment risks, etc.