Measures for the Administration of Collective Fund Trust Plans of Trust Companies

Measures for the Administration of Collective Fund Trust Plans of Trust CompaniesIt refers to content produced to regulate the business operations of trust companies’ collective fund trust business. The Measures for the Administration of Collective Fund Trust Plans of Trust Companies are to protect the legitimate rights and interests of all parties to the collective fund trust plan. For more information on the management methods of trust companies’ collective fund trust plans, please pay attention to Huajun Software Park for free downloads.

Contents of the Measures for the Administration of Collective Fund Trust Plans of Trust Companies

When a trust company establishes a trust plan, it must meet the following requirements:

(1) The client is a qualified investor

(2) The settlor participating in the trust plan is the sole beneficiary

(3) The number of natural persons in a single trust plan shall not exceed 50, but the number of natural person investors and qualified institutional investors with a single entrustment amount of more than 3 million yuan is not restricted.

(4) The trust period shall not be less than one year

(5) Trust funds have clear investment directions and strategies, and are in compliance with national industrial policies and other relevant regulations

(6) Trust beneficial rights are divided into trust units with equal shares

(7) The trust contract should stipulate the remuneration of the trustee. In addition to reasonable remuneration, the trust company shall not directly or indirectly use the trust property to make profits for itself or others in any name.

(8) Other requirements stipulated by the China Banking Regulatory Commission

Matters needing attention in the Measures for the Administration of Trust Companies’ Collective Fund Trust Plans

When a trust company promotes a trust plan, it shall not engage in the following behaviors:

(1) Promise in any way that the trust funds will not be lost, or promise in any way the minimum return on the trust funds

(2) Conduct public marketing and publicity

(3) Entrust non-financial institutions to carry out promotion

(4) Promotional materials contain content that is inconsistent with trust documents, or contain false records, misleading statements or major omissions, etc.

(5) Exaggerating the company’s past operating performance, or maliciously belittling peers

(6) Other activities prohibited by the China Banking Regulatory Commission

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