The trust company can provide financial advisory services, trust companies can be commissioned issuing loans?
Created:
/Author:
Aaron Lewis
The trust company can finance advisory services.
According to the "measures" trust management sixteenth:"A trust company may apply for operation of part or all of the following: (a) the foreign currency business trust funds; (two) real estate trust; (three) property trust; (four) securities trust; (five) other property or property trust; (six) as an investment fund or fund management company engaged in the business of the investment fund sponsor; (seven) the reorganization, merger and acquisition, project financing, business enterprise asset management, financial advisory services;(eight) securities underwriting business approval entrusted to manage the relevant departments of the State Council (Nine) for the intermediary, advisory, credit investigation service (Ten) generation custody and safekeeping services; (eleven) other businesses approved by the provisions of laws and regulations or Chinese banking supervision and management committee. Therefore, financial advisory services in accordance with the trust company business scope. The trust company can not provide loans.
According to the "loan general" provisions of article seventh,"Entrusted loans, means the government departments, enterprises and institutions and individuals entrusted to provide funds, the lender (or trustee) according to the client to determine the loan object, purpose, amount, interest rate, time limit for payment, supervision and assistance loan.The lender (the trustee) only collect fees, do not bear the risk loans." According to the "loan general" provisions of article second,"The general said the lender, refers to the established according to law in the territory of China business loan business of Chinese funded financial institutions."The provisions of article sixty-first,"Administrative departments and enterprises and institutions at all levels, supply and marketing cooperatives, cooperative economic organization, rural cooperative foundation and other foundations, financial business may not engage in deposit and loan etc..Enterprises shall not violate the provisions of the state or a loan financing loan." The trust company before quoting the scope of business, not a loan.The "measures" the provisions of article nineteenth of management of the trust company:"Trust management uses or disposes of the trust property, in accordance with the terms of the trust documents, take investment, sale, storage industry, purchases of resale, lease,LoanBy means of.Otherwise China Banking Regulatory Commission, from its provisions."That isMeans that the trust companyCan only granting trust loans instead of granting loans.