The legal business scope of trust companies
Trust companies can apply to the People's Bank of China to operate some or all of the following businesses in local and foreign currencies:
(1) entrusted with the operation of capital trust business, i.e., the principal will be his legally owned funds, entrusted to the trust and investment company in accordance with the agreed conditions and purposes of the management, application and disposal;
(2) Trusted to operate the trust business of movable, immovable and other property, i.e., the principal entrusts his movable, immovable and intellectual property rights and other property and property rights to the trust company for management, application and disposal in accordance with the agreed conditions and purposes;
(3) entrusted to operate the investment fund business permitted by the laws and regulations to engage in investment fund business, and to engage in the investment fund business as a sponsor of the investment fund or the fund management company fund business;
(4) operating intermediary business such as restructuring, merger and acquisition of enterprise assets and project financing, corporate finance and financial consultancy;
(5) entrusted with the underwriting business of bonds such as treasury bonds, policy bank bonds and corporate bonds approved by the relevant departments of the State Council;
(6) acting as an agent for the management, utilization and disposal of property;
(7) Custody business;
(8) credit witnessing, credit investigation and economic consulting business;
(9) providing guarantees for others with inherent property;
(10) public welfare trust business;
(11) funds that can be utilized under the ownership interest of the trust company in accordance with the regulations can be used to carry out the business of interbank lending, lending, financial leasing and investment, etc.
(12) other businesses approved by the People's Bank of China, including interbank lending business approved by the People's Bank of China.