构建信托公司积极业务模式之探索

Exploration on Construction of Trust Company Positive Business Mode

信托公司的创设性制度,为信托公司发挥独特的资产运用方式和投资领域优势提供了空间;但其执行性制度中私募定位和刚性兑付的安排,却驱使信托业务形成了方向游移、组合单调和类贷款化等消极特征。应当从创设性制度入手,逐步开放信托公司公募业务,允许信托投资者市场化地承担亏损风险以及统一监管规则。这样信托公司才可能在发挥信托功能的基础上,形成特色化行业发展模式。

The initial innovative system of trust company provides space for taking advantage of investment field. In my paper, I propose that we should start from the initial innovative system, and gradually open the public offering business, and allow the trust investors to take the risk of deficit and integrate the supervising rules. Therefore, the trust company can form distinctive development pattern on the basis of giving full play of trust function.