Trust is a method of financial management, a special property management system and legal behavior, and a financial system; together with banks, insurance, and securities, it constitutes the modern financial system.

Trust business is a legal act based on credit, generally involving three parties, namely the trustor who invests credit, the trustee who is trusted by others, and the beneficiary who benefits from others.

In trust business, we can grasp the basic characteristics of trust from the following aspects:

1. The trustor’s trust in the trustee. This is the prerequisite for the establishment of a trust relationship. The first is trust in the integrity of the trustee, and the second is trust in the fiduciary's ability to bear the trust.

2. The transfer of trust property and property rights is the basis for establishing a trust.

Trust is a legal relationship centered on trust property. Without trust property, the trust relationship loses its basis for existence. Therefore, the settlor must transfer the property rights to the trustee when establishing a trust. This is the trust system. Fundamental difference from other property systems.

Property rights refer to rights based on property interests. In addition to identity rights, reputation rights, and name rights, any other rights or property rights that can be valued in money, such as property rights and creditor's rights. , patent rights, trademark rights, copyrights, etc., can all be used as trust properties.

3. The three parties in the trust relationship and the trustee managing and disposing of the trust property for the benefit of the beneficiary in his own name are two important characteristics of the trust.

The trust relationship is multi-party, including the settlor, the trustee, and the beneficiary. This is a characteristic of trust. Moreover, the trustee manages and disposes the trust property in his own name, which is another important feature of the trust. This trust relationship embodies five meanings:

① After the trustor entrusts the property to the trustee, he has no direct control over the trust property;

② The trustee has complete control over the trust property. The trustee manages and disposes the trust property in his own name;

③. The trustee must manage and dispose of the trust property in accordance with the wishes of the trustor;

④. This wish is expressed in the trust What is agreed in advance in the contract is also the basis for the trustee to manage and dispose of the trust property;

⑤. The trustee must manage and dispose of the trust property for the benefit of the beneficiary, neither for the trustee's own benefit nor for the trustee's own benefit. For the benefit of other third parties.

4. Trust is a property management system in which others manage, utilize and dispose of property.

The primary function and sole service purpose of a trust is to provide a wide range of effective services to property owners, and to embody the role of managing, utilizing, disposing, and operating property in its business. It has become a modern financial institution. an important part of the industry. It is both related and different from the banking, insurance and securities industries.

Ping An Bank sells different trust products to meet the investment needs of customers. You can log in to Ping An Pocket Bank APP - Home Page - More - Investment and Financial Management - Private Equity to learn more about it, or you can also consult your dedicated Financial manager.

Warm reminder: The above explanation is for reference only. Our bank only acts as an agency promotion agency for trust plans. It only assumes agency promotion business responsibilities and does not bear the investment risks of trust plans.

It is recommended that you learn more about the fund investment direction, risk types and other basic information of financial products before purchasing, and make your own decision to purchase financial products that match your own risk tolerance and asset management needs.

Response time: 2021-11-11. For the latest business changes, please refer to the official website of Ping An Bank.