Trust Companies Diversified Investment Path To Force Investment In Securities Business

Data from the China Trust Industry Association show that as at the end of the three quarter of this year, trust investment areas are still mainly distributed in five major areas, including industrial and commercial enterprises, basic industries, financial institutions, securities investment and real estate.

Among them, invest in

The proportion of trust increased.

By the end of the three quarter, the scale of trust in the securities sector was 1 trillion and 740 billion yuan, accounting for 14.27%.

It is worth noting that this data has been showing an upward trend this year, which rose 3.72 percentage points compared to 10.55% at the end of last year. Compared with 12.75% in the 2 quarter of this year, the figure increased by 1.52 percentage points.

In this regard, Zhou Xiaoming, an expert member of China Trust Industry Association, believes that the increase of securities trust investment in securities investment is mainly due to the manifestation of investment value and diversification of investment in capital market.

Market factors such as demand.

According to the China Securities Journal reporter, some trust companies have also begun to invest in the securities investment trust business in response to the above market changes.

For example, the Sichuan trust, which has long been a real estate trust business, has said that it will develop securities investment trust business before and regard it as one of its pformation paths.

Liu Jingfeng, President of Sichuan trust, said that the Sichuan trust will carry out stock investment, listed company's fixed investment, mergers and acquisitions and other securities investment business, and even recruit fund managers to develop securities investment initiative management business.

In recent years, the universal trust has registered with the China Securities Investment Fund Industry Association, and the news that it has become a private equity fund manager has aroused widespread concern in the industry.

It is reported that this is the first trust company registered in the "private equity fund registration system" for the reasons for its registration, the universal trust did not make a public response, and in some industry insiders, this means that the universal trust is planning to actively manage securities trust business.

Multiple "Nuggets" path

However, it is worth noting that at present, the securities investment trust products issued by trust companies have the "channel" nature, and the actual managers are often inferior post investors or investment advisers.

With the establishment of the main qualification of private fund managers, products can be issued directly, and more and more trust companies join in, which aggravates the competition of this business.

Against this background, some trust companies have put forward different development paths for securities investment trust business.

For example, before the foreign trade trust signed a strategic cooperation agreement with a number of private equity funds.

According to the agreement, the foreign trade trust will provide a full range of outsourcing services for these private equity funds.

The Foreign Trade Trust said that the foreign trade trust is committed to providing investors with high quality securities investment trust products, providing Trustee Service and various administrative services for various asset management institutions.

At present, in addition to providing basic services such as product creation, share registration, property liquidation and paction execution, we also provide targeted value-added services such as profit distribution, performance analysis, customized reports, position management, cash management, paction management, and constantly expanding and deepening service contents.

In addition, the Sichuan trust research and development department recently said in a report that Sichuan trust will cultivate a number of trust managers with specialized investment capability on the basis of self investment and investment research personnel, and create investment brand with Chuan Xin characteristics, so as to make capital market investment an important means of wealth management.

However, this report also points out that compared with fund companies and securities companies, the initiative management ability of securities investment business of trust companies is weak, especially in securities investment and research capabilities.

In order to change this situation, trust companies can indirectly hold stocks, bonds and other securities portfolios by holding funds from other funds in the short term (FOF). They can also reflect the active management ability of trust companies.