The trust system originated in Britain, and developed on the basis of the British "eustace system", and it has been several centuries.
However, the modern trust system developed rapidly after it was introduced to the United States in the early19th century. The United States is the country with the most perfect trust system, the richest trust products and the largest total development.
China's trust system was first born in the early 20th century. However, at that time, China was a semi-colonial and semi-feudal society, and the economic foundation for the existence and development of the trust industry was extremely weak, so it was difficult for the trust industry to make a difference.
The real development of trust industry in China began with the reform and opening up, which is the product of the reform and opening up. 1978, at the beginning of the reform, many regions and departments had a great demand for construction funds. With the approval of the State Council 1979, China International Trust and Investment Company, the first trust institution in China, was born to meet the diversified financing methods and capital needs of the whole society. Its birth marks that the modern trust system in China has entered a new era, which has greatly promoted the development of trust industry in China.
Second, the development history of trust industry in China, in which trust is based on the legal system of property transfer and property disposal, with economic freedom as the premise.
Therefore, the reintroduction of trust system in China is closely related to the reform and opening up, which also determines that the evolution of trust industry has the characteristics of China's transitional economy. Since 1979, China's trust industry has experienced three stages of development: planned economy, planned and market mixed economy and market economy.
Therefore, the development of China's trust industry can be basically understood as three stages, namely, the recovery and expansion stage (1979- 1992), the rectification stage (1993-200 1) and the standardization stage (from 2002 to now). Directory 1. Trust industry in China resumed its expansion stage (1979-1992)1.1. Brief introduction of trust industry in China before the reform and opening up 1.2. The recovery and expansion stage of trust industry in China. The rectification stage of trust industry in China (1993-20066) and the standardization stage of trust industry in China (2002-present) 1. The recovery and expansion stage of trust industry in China (1979-1992)1. Introduction to China Trust Industry before Reform and Opening-up. At the beginning of the 20th century, faced with the growing credit crisis at that time, some people who understood western culture and advocated China's economic progress suggested learning from the west.
The word "trust" was first introduced to China in Shanghai. 19 19, Juxingcheng Bank Shanghai Branch established the trust department, which is the first trust department in China history and can be said to be the beginning of modern trust industry in China. 192 1 year, China trade trust company was established, which is the first professional trust company in China. Since then, trust companies have entered the historical stage and developed rapidly.
In addition to the private trust industry, government-run trust institutions have also begun to appear in 193 1. 1935 the central trust bureau was established, and 1937 the trust industry developed.
More than a dozen trust companies, such as Shanghai and Southeast China, mostly run banking, savings and insurance businesses, and some banks have also set up trust departments. In addition, there are official Shanghai Industrial Trust and Central Trust Bureau.
The businesses operated by each company are similar, that is, trust deposit, trust investment, securities trust, management trust, supervisor measurement trust, custody trust, legacy trust, guardianship trust, real estate trust and agency trust. However, in fact, some businesses have not formed a complete market, and its trust industry can be said to be a "financial supermarket". Besides the basic functions of trust, it also has the functions of financial intermediaries such as banks. After the founding of New China, the Trust Department of Shanghai Branch of China People's Bank was established on June 5438+0949 65438+ 10/,and its business includes real estate, transportation, warehousing, custody and other agency business.
Like all fields, the state has also carried out socialist transformation of the trust industry in old China. The original private trust companies and bank trust departments have been strictly managed, rectified and reformed. Some institutions with insufficient capital and lack of normal business were eliminated and closed first; The rest were incorporated into the financial system, taking the road of state capitalism and banks, but closed after September 195 1.
This is mainly because in the process of financial system reconstruction with public ownership reform as the main means, stabilizing the financial situation and realizing economic recovery are the main purposes of * * *, which monopolizes the property rights of financial institutions and forms a completely unitary state-owned property rights system. With the completion of the task of socialist transformation, the original trust business disappeared, and the government-run trust company was confiscated until the whole industry changed from 65438 to 0952 public-private partnership.
So far, the development of China's trust industry has come to an end. Although there were trust departments in state-owned banks, they soon contracted their business like private trust institutions and finally closed down.
1.2. The recovery and expansion stage of trust industry in China From the perspective of the origin and development of trust, the function of trust is closely related to the development level of commodity economy and the perfection of market system. The re-introduction of the trust system in China has made the trust industry in China develop rapidly, and at the same time, the special national conditions have also made it difficult for the trust industry in China to grow in constant "error correction".
1979 10 after the reform and opening up, China international trust and investment company, the first trust institution in China, was established, directly under the leadership of the State Council, and can handle international trust and investment and financial business. Its establishment marks the beginning of the restoration of the trust system in China, which is the product of China's reform and opening up and the product of China's financial reform and institutional innovation in a specific period.
1June, 1980, according to the instructions of the State Council on the trial implementation of trust and investment companies by banks, the People's Bank of China officially started its trust business. Since then, banks, ministries and local governments have set up trust and investment companies, and some provincial branches of state-owned banks have also set up trust institutions.
From 1980 to the end of 1982, there were more than 620 trust and investment institutions in China, including China People's Bank Trust Department 186, China Construction Bank Trust Department 266, China Bank Trust Department 96 and Agricultural Bank Trust Department 20, most of which were operated by local * * * and professional banks, only. At that time, the purpose of setting up a trust was mainly to make full use of surplus idle funds from various channels to make up for the shortage of bank credit.
The re-emergence of the trust industry in China is a breakthrough in the planned economy system. However, since its birth, the trust industry in China has been endowed with an advanced form-financial trust, whose function far exceeds entrusted financial management. It shoulders the function of raising social funds and providing diversified financial services for reform, opening up and economic development.
China's reform and opening up has greatly mobilized the enthusiasm of local governments and departments, and the relevant policies of the People's Bank of China have made the trust industry develop rapidly, basically in the stage of free development, and there has been some blindness. The financial functions of the trust industry (mainly credit intermediary, payment function and credit creation function) have expanded the scale of capital construction to a certain extent and impacted the balance of credit payments.
In view of this, in April of 1982, the State Council issued the notice on rectifying trust and investment institutions and strengthening the management of transformation funds, stipulating that all regions and departments shall not handle trust and investment business except trust and investment companies approved by the State Council and units authorized by the State Council, and have been cleared within a time limit. It is required that all trust and investment businesses be operated by banks and all local trust and investment companies be closed. The focus of this stage of rectification is business rectification, and the trust industry can only handle entrustment, agency, leasing and consulting business.
To 1984,
Iii. History of Trust Trust is a special property management system and legal act, and it is also a financial system. Together with banks, insurance and securities, it constitutes a modern financial system.
The trust system originated in Britain, and developed on the basis of the British "eustace system", and it has been several centuries. However, the modern trust system developed rapidly after it was introduced to the United States in the early19th century.
The United States is the country with the most perfect trust system, the richest trust products and the largest total development. China's trust system was first born in the early 20th century. However, at that time, China was a semi-colonial and semi-feudal society, and the economic foundation for the existence and development of the trust industry was extremely weak, so it was difficult for the trust industry to make a difference.
The real development of trust industry in China began with the reform and opening up, which is the product of the reform and opening up. 1978, at the beginning of the reform, many regions and departments had a great demand for construction funds. With the approval of the State Council 1979, China International Trust and Investment Company, the first trust institution in China, was born to meet the diversified financing methods and capital needs of the whole society.
Its birth marks that the modern trust system in China has entered a new era, which has greatly promoted the development of trust industry in China.
Four. Please describe the historical development of trust 1. The origin of trust: Trust is a special property management system and legal act, and also a financial system, which together with banks, insurance and securities constitutes a modern financial system.
The trust system originated in Britain, and developed on the basis of the British "eustace system", and it has been several centuries. However, the modern trust system developed rapidly after it was introduced to the United States in the early19th century.
The United States is the country with the most perfect trust system, the richest trust products and the largest total development. China's trust system was first born in the early 20th century. However, at that time, China was a semi-colonial and semi-feudal society, and the economic foundation for the existence and development of the trust industry was extremely weak, so it was difficult for the trust industry to make a difference.
The real development of trust industry in China began with the reform and opening up, which is the product of the reform and opening up. 1978, at the beginning of the reform, many regions and departments had a great demand for construction funds. With the approval of the State Council 1979, China International Trust and Investment Company, the first trust institution in China, was born to meet the diversified financing methods and capital needs of the whole society.
Its birth marks that the modern trust system in China has entered a new era, and it has also greatly promoted the development of trust industry in China. It originated from14th century Rome's "Fidei missum" system.
At that time, this trust system was established to allow foreigners, prisoners, pagans and other illegal heirs to obtain inheritance in a legal way. That is, the property owner designates a legal and qualified heir through the will, so that he can inherit the inheritance first, and then this person will transfer it to the person who wants to give it to the testator.
Because this system has the characteristics of evading the law of inheritance and gift at that time, it was not recognized by Roman law at first, but was given legal status only in the later period of Roman countries. Although the ancient Roman trust system is far from today's trust system in structure and function, it is essentially a system in which property is entrusted to the trustee and the benefits are enjoyed by the beneficiaries.
Since then, this system has been adopted by Britain. In Britain, at first, the trust was borne by an individual, and the trustee found his trusted relatives or lawyers as trustees without receiving remuneration, which was called "civil trust".
This kind of trust, which relies on personal relationship, often has many problems and property loss disputes when managing and using property. 1883, Britain promulgated the trustee regulations, which restricted the rights and obligations of individual trustees by law.
1896, the British * * * promulgated the "Regulations on the Selection of Official Trustees", which stipulated that the court could select trustees. Generally elected judges are court judges, individuals or trustees.
1907 promulgated the Regulations on Government-run Trustee, which stipulates that * * * can set up a trust institution and become a trust legal person. Under the historical conditions at that time, this trust was mainly aimed at British soldiers who participated in the war.
It was not until 1908 that the official trust bureau was formally established in London and branches were set up in major cities. The main business of the official trust bureau is: managing small trust property below 65,438+0,000 pounds, keeping valuable securities and important documents, handling matters entrusted by wills or contracts, handling matters entrusted by * * * organs, and managing confiscated property.
Although there are some fees for handling these businesses, the trust institutions run by * * * are not for profit. The trust handled by a legal person begins with the Company Law of 1899 and the Regulations on Trustee of Legal Person of 1925.
Trust business in Britain is mainly run by banks and insurance companies, and the proportion of companies specializing in trust business is very small. 90% of the trust business in Britain is concentrated in the trust departments and trust companies set up by the four major commercial banks of Westminster, Mitterrand, Barclays and Sued.
Since most trust businesses are undertaken by individuals, trusts in Britain are mainly of a civil nature. Legal persons mainly undertake the agency business of stocks and bonds, annuity trust, investment consultant, land sales agency and other businesses.
Among the countries in the world, although the trust industry in Britain has developed for a long time, the trust industry in the United States originated in Britain, but its development degree is far less than that in the United States and Japan. From 1792, when the first trust company in the United States was established, to1at the beginning of the 9th century, trusts were mostly operated by insurance companies as sideline businesses, mainly dealing with the property of the deceased according to his living will.
Shortly thereafter, with the expansion of trust business, trust companies at that time became independent from insurance companies. Especially after 1830, a large number of American trust companies appeared.
By the end of19th century, in American society, trust companies not only actively participated in raising and underwriting railway and mining bonds, but also managed money and property for ordinary people. If American trust business is learned from Britain, then Japanese trust business is introduced from the United States.
Trust business in Japan was originally operated within banks. 1902, after the establishment of Industrial Bank of Japan, the trust business was launched for the first time.
Soon, several major banks, such as Bank of An Tian (now Fuji Bank), Hundred Banks (now Mitsubishi Bank) and Mitsui Bank, also started trust business one after another. Established in 1904, Tokyo Trust Company is the first professional trust company in Japan.
The establishment of this trust company is the beginning of the great development of Japanese trust industry. Subsequently, various trust companies appeared in various parts of Japan, with a wide variety of businesses and chaotic management.
After World War I, many trust companies closed down due to the economic depression. Taking this as an opportunity, Japan has successively promulgated the Trust Law and the Trust Law.
These two laws make detailed provisions on the operating principles and supervision methods of trust business, and make them the basic laws for the development of trust business in Japan in the future. At the same time, according to the above two laws, the Japanese trust industry will be completely rectified, thus pushing the Japanese trust industry to a new stage of standardized development.
/kloc-After the middle of the 0/9th century, with the increase of financial instruments, people's wealth and values have changed in countries with relatively developed economies in the world. The trustee in the trust relationship has also changed the original practice of passively acting as the property holder in the trust relationship, and used the trust property to proliferate with a positive attitude, which is increasingly borne by the trust in the social economy.
Verb (abbreviation of verb) The origin of the trust industry The trust system originated in Britain and developed on the basis of the British "eustace system". It has been several centuries.
"Use" in Britain is the predecessor of the trust system. The establishment of eustace system can be traced back to13rd century English feudal society.
At that time, religious people used to donate their land to the church after death, which made the land of the church increase continuously. However, according to the laws of Britain at that time, the land of the church was exempt from service tax.
The surge in church land means that the tax revenue of state services is gradually decreasing. This undoubtedly affected the interests of kings and feudal nobles.
Therefore, at the beginning of the13rd century, King Henry III of England issued a confiscation decree, stipulating that anyone who donates land to church groups must obtain the king's permission, and anyone who sells or donates land without authorization must confiscate it. In response to this new regulation, religious people have changed their donation behavior.
They gave the land to a third party in their will. But at the same time, it stipulates that the church has the actual right to use and benefit from the land, which is the "Yus system".
However, the modern trust system developed rapidly after it was introduced to the United States in the early19th century. The United States is the country with the most perfect trust system, the richest trust products and the largest total development.
China's trust system was first born in the early 20th century. However, at that time, China was a semi-colonial and semi-feudal society, and the economic foundation for the existence and development of the trust industry was extremely weak, so it was difficult for the trust industry to make a difference. The real development of trust industry in China began with the reform and opening up, which is the product of the reform and opening up.
1978, at the beginning of the reform, many regions and departments had a great demand for construction funds. With the approval of the State Council 1979, China International Trust and Investment Company, the first trust institution in China, was born to meet the diversified financing methods and capital needs of the whole society. Its birth marks that the modern trust system in China has entered a new era, which has greatly promoted the development of trust industry in China.
The intransitive verb asks about the development history and evolution of the trust industry in Fujian Province.
In 2 1 year (733), Tang Kaiyuan established the Fujian Economic Mission, formerly known as Fujian. In the Southern Song Dynasty, there were 1 state, 5 states and 2 armies, so it was also called "Bamin".
Historically, Fujian was the birthplace of important cultures such as the Maritime Silk Road, Zheng He's voyages to the Western Ocean, and * * * religion, and the distribution center of trade. Fuzhou and Xiamen were once one of the five largest trading ports in China. Mawei Port at the mouth of Minjiang River is the pioneer of modern shipbuilding industry in China and the cradle of training scientific and technological talents.
Fujian used to be an economically and culturally developed area in history. During the Song and Yuan Dynasties, with the opening of ports and the opening of the Maritime Silk Road, Fujian entered the heyday of its economy and occupied an important position in the country.
During the Ming and Qing Dynasties, Fujian's silk industry, sugar industry, tea industry, shipbuilding industry and paper industry all developed to varying degrees. However, due to the closed door of the feudal ruling class, Fujian's economy was seriously affected.
Especially after modern China became semi-feudal and semi-colonial, Fujian's economy went from bad to worse, with a fragile foundation and abnormal structure. To 1949, it is one of the provinces with the lowest level of coastal economic development in China. Fujian has a long history, and there were human activities in primitive society. It belongs to a branch of the Guyue nationality and is called "Dongyue".
During the Warring States Period, the State of Yue was defeated by Chu soldiers. Some of Yue's royal family fled south to Fujian and southern Zhejiang, and their descendants merged with Fujian people to become "Minyue people". After Qin Shihuang unified China in 22 1 BC, Fujian established Minzhong County, which first appeared on Chinese territory as an administrative division.
There were five countries in the middle of the Tang Dynasty: Fu, Jian, Quan, Zhang and Ting. In the 21st year of Tang Kaiyuan (AD 733), border defense was strengthened; Set up "Fujian Economic Group".
Thus came the word "Fujian". In the Five Dynasties, the king of Fujian established Fujian according to Fujian, which basically laid the provincial boundaries later.
Fujian is also called "Eight Fujian". In the Southern Song Dynasty, Fujian built the L government, five states and two armies, and the government, state and army were administrative agencies at the same level, a total of eight, so it was called "Eight Min". After the Song Dynasty, the old system was basically continued.
In the 23rd year of Kangxi (A.D. 1684), Taiwan Province was added, and in the 12th year of Guangxu (A.D. 1886), another province was established. In the late Qing Dynasty, Fujian * * * had 9 prefectures, 2 states, 58 counties and 6 halls.
After the Revolution of 1911, in the second year of the Republic of China (A.D. 19 13), the prefecture-level system was abolished and a three-level system of provinces, prefectures and counties was established. After several adjustments, before liberation, there were 2 cities, 7 administrative supervision areas and 67 counties in the province. 1949 After the liberation of Fujian, there were 2 cities, 8 districts and 67 counties in Fujian.
195 1, add Quanzhou and Zhangzhou, and entrust the agency to lead. In the following 20 years, the administrative divisions were adjusted several times.
Since the reform and opening up, Fujian has adjusted its administrative divisions according to its own characteristics, and the region has been changed to prefecture-level cities, forming a system of cities with counties. By the end of 2o00, there were 9 provincial cities in the province, including 4 county-level cities/kloc-0, 25 municipal districts and 46 counties (including kinmen county).
Fujian has a long history and its science and culture once flourished. 5,000 years ago, ancestors thrived here, creating a Tanshishan culture comparable to Yangshao and Hemudu cultures.
During the Three Kingdoms period, due to the development of shipbuilding and navigation technology, Fujian became Sun Wu's naval base and foreign trade port. From the Southern Song Dynasty to the Yuan Dynasty, Quanzhou became one of the largest commercial ports in the world and had trade relations with more than 65,438+000 countries and regions, forming the famous "Maritime Silk Road".
In the Ming Dynasty, Zheng He made seven voyages to the West, docked in Fujian many times, recruited sailors, built ships and set sail from Fujian. In the fifth year of Tongzhi in Qing Dynasty, Fuzhou Shipping Bureau and the first naval school in China were founded in Mawei. It became the cradle of China's modern navy and shipbuilding industry.
There are many talented people in Fujian history, including astronomer Su Song, Song Ci, the originator of world forensic medicine, thinker and writer Li Zhi, phonologist Chang Di, scholars and calligraphers Huang Daozhou and Cai Xiang, literati Yan Yu, Yang Yi and Liu Yong, historians Zheng Qiao and Yuan Shu, national heroes Zheng Chenggong and Lin Zexu, thinkers and translators Yan Fu and Lin Zexu. With their courage and dedication, they have made indelible contributions to the development and prosperity of the Chinese nation.
In history, the people of Fujian have waged countless heroic struggles against oppression and aggression and have a glorious revolutionary tradition. Under the leadership of China, the people of Fujian have dedicated thousands of outstanding sons and daughters and made outstanding contributions to the liberation of the people of China.
Fujian is one of the key old liberated provinces in China, and the old liberated areas are distributed in 62 counties (cities). There are 46 old counties (cities), 5 18 fellow villagers (towns), 7,772 old administrative villages and 29 19 revolutionary old villages.
Seven. How long is the trust history in China 1? The origin of trust: Trust is a special property management system and legal act, and also a financial system, which together with banks, insurance and securities constitutes a modern financial system.
The trust system originated in Britain, and developed on the basis of the British "eustace system", and it has been several centuries. However, the modern trust system developed rapidly after it was introduced to the United States in the early19th century.
The United States is the country with the most perfect trust system, the richest trust products and the largest total development. China's trust system was first born in the early 20th century. However, at that time, China was a semi-colonial and semi-feudal society, and the economic foundation for the existence and development of the trust industry was extremely weak, so it was difficult for the trust industry to make a difference.
The real development of trust industry in China began with the reform and opening up, which is the product of the reform and opening up. 1978, at the beginning of the reform, many regions and departments had a great demand for construction funds. With the approval of the State Council 1979, China International Trust and Investment Company, the first trust institution in China, was born to meet the diversified financing methods and capital needs of the whole society.
Its birth marks that the modern trust system in China has entered a new era, and it has also greatly promoted the development of trust industry in China. It originated from14th century Rome's "Fidei missum" system.
At that time, this trust system was established to allow foreigners, prisoners, pagans and other illegal heirs to obtain their inheritance in a legal way. That is, the property owner designates a legal and qualified heir through the will, so that he can inherit the inheritance first, and then this person will transfer it to the person who wants to give it to the testator.
Because this system has the characteristics of evading the law of inheritance and gift at that time, it was not recognized by Roman law at first, but was given legal status only in the later period of Roman countries. Although the ancient Roman trust system is far from today's trust system in structure and function, it is essentially a system in which property is entrusted to the trustee and the benefits are enjoyed by the beneficiaries.
Since then, this system has been adopted by Britain. In Britain, at first, the trust was borne by an individual, and the trustee found his trusted relatives or lawyers as trustees without receiving remuneration, which was called "civil trust".
This kind of trust, which relies on personal relationship, often has many problems and property loss disputes when managing and using property. 1883, Britain promulgated the trustee regulations, which restricted the rights and obligations of individual trustees by law.
1896, the British * * * promulgated the "Regulations on the Selection of Official Trustees", which stipulated that the court could select trustees. Generally elected judges are court judges, individuals or trustees.
1907 promulgated the Regulations on Government-run Trustee, which stipulates that * * * can set up a trust institution and become a trust legal person. Under the historical conditions at that time, this trust was mainly aimed at British soldiers who participated in the war.
It was not until 1908 that the official trust bureau was formally established in London and branches were set up in major cities. The main business of the official trust bureau is: managing small trust property below 65,438+0,000 pounds, keeping valuable securities and important documents, handling matters entrusted by wills or contracts, handling matters entrusted by * * * organs, and managing confiscated property.
Although there are some fees for handling these businesses, the trust institutions run by * * * are not for profit. The trust handled by a legal person begins with the Company Law of 1899 and the Regulations on Trustee of Legal Person of 1925.
Trust business in Britain is mainly run by banks and insurance companies, and the proportion of companies specializing in trust business is very small. 90% of the trust business in Britain is concentrated in the trust departments and trust companies set up by the four major commercial banks of Westminster, Mitterrand, Barclays and Sued.
Since most trust businesses are undertaken by individuals, trusts in Britain are mainly of a civil nature. Legal persons mainly undertake the agency business of stocks and bonds, annuity trust, investment consultant, land sales agency and other businesses.
Among the countries in the world, although the trust industry in Britain has developed for a long time, the trust industry in the United States originated in Britain, but its development degree is far less than that in the United States and Japan. From 1792, when the first trust company in the United States was established, to1at the beginning of the 9th century, trusts were mostly operated by insurance companies as sideline businesses, mainly dealing with the property of the deceased according to his living will.
Shortly thereafter, with the expansion of trust business, trust companies at that time became independent from insurance companies. Especially after 1830, a large number of American trust companies appeared.
By the end of19th century, in American society, trust companies not only actively participated in raising and underwriting railway and mining bonds, but also managed money and property for ordinary people. If American trust business is learned from Britain, then Japanese trust business is introduced from the United States.
Trust business in Japan was originally operated within banks. 1902, after the establishment of Industrial Bank of Japan, the trust business was launched for the first time.
Soon, several major banks, such as Bank of An Tian (now Fuji Bank), Hundred Banks (now Mitsubishi Bank) and Mitsui Bank, also started trust business one after another. Established in 1904, Tokyo Trust Company is the first professional trust company in Japan.
The establishment of this trust company is the beginning of the great development of Japanese trust industry. Subsequently, various trust companies appeared in various parts of Japan, with a wide variety of businesses and chaotic management.
After World War I, many trust companies closed down due to the economic depression. Taking this as an opportunity, Japan has successively promulgated the Trust Law and the Trust Law.
These two laws make detailed provisions on the operating principles and supervision methods of trust business, and make them the basic laws for the development of trust business in Japan in the future. At the same time, according to the above two laws, the Japanese trust industry will be completely rectified, thus pushing the Japanese trust industry to a new stage of standardized development.
/kloc-After the middle of the 0/9th century, with the increase of financial instruments, people's wealth and values have changed in countries with relatively developed economies in the world. The trustee in the trust relationship has also changed the original practice of passively acting as the property holder in the trust relationship and used the trust property to proliferate with a positive attitude. In social economy, trust is more and more involved in a country's economic construction.
Eight. A Brief History of New Era Trust Development 1987—— With the approval of the People's Bank of China, Baotou Finance Bureau and Baotou Branch of the People's Bank of China jointly established Baotou Trust and Investment Company.
1993- the company obtained full membership in Shenzhen and Shanghai stock exchanges.
1995- Acting to issue three-year corporate bonds of Baotou Iron and Steel (Group) Co., Ltd. 1 100 million yuan; In the same year, it was rated as an outstanding unit of economic construction by Baotou City.
1997- the company implemented the shareholding system reform, introduced five new shareholders, renewed a new business license, increased its registered capital to 300 million yuan, and further expanded its business scope and scale.
1998—— Opening safe deposit box leasing business, with hardware equipment and management services reaching the domestic advanced level, and opening up a new mode of personal custody business.
In 2000, the Trust Finance Building in the center of Baotou was completed.
200 1—— Entrusted by the People's Bank of China and the China Securities Regulatory Commission, Sanya Central Asia Trust and Investment Company of Hainan Province entrusted eight securities business departments in Haikou, Tianjin and Chongqing, and successfully completed the trusteeship task, which was praised by the People's Bank of China and the China Securities Association.
2002-New Era Securities Co., Ltd. was incorporated in Beijing.
2003-Re-registered with the approval of China Banking Regulatory Commission, the company was renamed as "New Era Trust and Investment Co., Ltd.".
2004-After the company re-registered, the first trust product "Jucainiu Equity Fund Trust Plan" was announced.
2005-Start cooperation with China Development Bank and China Industrial and Commercial Bank.
In 2006, it signed comprehensive cooperation agreements with banking financial institutions such as China Development Bank, Inner Mongolia Branch of China Agricultural Bank, Inner Mongolia Branch of China Bank, Inner Mongolia Branch of China Construction Bank and Inner Mongolia Branch of China Industrial and Commercial Bank, and the strategic cooperation framework was basically formed.
2007-20th anniversary of the company.
In 2008, a new cooperation model between companies and banks was developed.
In 2009, it was renamed as "New Era Trust Co., Ltd.", which opened a new chapter for the company to serve high-end customers and build professional financial institutions.