What is a trust? The origin of trust

Trust is a special property management system and legal act, and it is also a financial system. Trust, together with banks, insurance, and securities, constitutes the modern financial system.

The trust system originated in the United Kingdom and was developed on the basis of the British "Us system" for several centuries. However, the modern trust system was introduced to the United States in the early 19th century, and trusts developed rapidly after being introduced to the United States. The United States is currently the country with the most complete trust system, the richest trust products, and the largest total development volume. Our country's trust system was first born in the early 20th century. However, when China was in a semi-colonial and semi-feudal situation at that time, the economic foundation for the survival and development of the trust industry was extremely weak, and it was difficult for the trust industry to make a difference. The real development of my country's trust industry began with reform and opening up, and is a product of reform and opening up. In 1978, in the early stage of reform, all wastes were waiting for new ones. Many regions and departments had a huge demand for construction funds. In order to meet the needs of the whole society for diversified financing methods and capital needs, my country’s first trust institution was established in October 1979. ——China International Trust and Investment Corporation was born with the approval of the State Council.