信托的源起与商业化

The Origin and Commercialization of Trust

信托起源于英国的用益制度,是委托人基于对受托人的信赖而将信托财产转移给受托人,由其为受益人的利益或其他法律规定的目的持有、管理、处分该财产的一种财产管理制度。随着经济与法律的发展,信托保有和转移财产的功能逐渐为财产管理的内涵所取代,其开始进入商事领域并且得到了广泛的运用。在广义的信托商业化中,商业信托以信托的基本原理与运作方式为基础结合了企业组织经营方式加以构建与实施,具有区别于一般信托的"营业性"、"商品性"与"集团性"特征,是信托发展的重要形态。我国在证券投资基金等领域已经建立起了具体的商业信托机制,但在基础理论与法律规范上尚需进一步的完善。

Trust originated from use right in English,which means settler entrusts some or all property to trustee and the property is held,managed and disposed for the benefit of the settler.With the development of the social economy and legal system,management takes place of the other two functions and trust is widely used in all kinds of commercial area.Generally speaking,commercial trust based on fundamental principals and operations,combining modern organization and become a very important concept.Commercial trust is different from general trust because of its commercialization,marketing and concentration.In investment fund area,we already have some detail rules.However,we still need some improvement in basic theory and law.