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China Trust Industry Report, 2007-2008

Published: Jan/2008

 Hard Copy  USD $ 2,400
Pages: 161 Electronic(PDF)  USD $ 2,500
Report Code: FC003 Enterprisewide  USD $ 3,750
 

The report analyses the general situation of China trust industry and forecasts its developmental trend. It makes a detailed research on the launch and the yield as well as the investment of the fund. Finally, it also makes a specific introduction of 28 trust companies with financial license and 20 ones without financial license.

The unexpected performance of the trust industry in 2007 was mainly attributed to the sustained prosperity of the financial market, especially the stock market. In 2007, the trust products aggregated reached 628 and the launch scale expanded to 105.4 billion, up 11.35% and 73.93% respectively year on year, of which, there were 455 trust products invested to the financial market, occupying 72% of the total.

Markets that Trust Funds was launched into, 2006-2007--Qty. of launched products


 

 

Trend of Launch Scale and Average Scale of Financial Trust Products, Jan.-Dec. 2007


  

The trust products were launched for RMB168 million on average in 2007, up 56.2% than 2006. The average trust term was 2.23 years, up 11.5% than 2006. The average annual yield of 2007 increased 2.16 percentage points than 2006, of which, the one-year average yield reached to 7.34, 3.07 percentage points higher than 2006.

In 2007, trust products brought along with high yield, which was caused by impacts from bull financing market. In addition, influenced by financing businesses of the bank and securities market, trust industry adjusted its product structure to get high yield.

Yield of Trust Products, 2005-2007

 
Source: Use Trust Studio 

As for the monthly yield of 2007, taking the aggregate products as example, the prospective average annual yield was on the trend of steady increase, and the prospective annual yield in December achieved the highest point at 10.57.

Yield of Trust Products, Jan.-Dec. 2007

  
Source: Use Trust Studio

On Jan. 25th 2008, the People's Bank of China increased the reserve ratio by 0.5 percentage points once again and it already achieved a new historic record at 15%. Under currency deflation policy, the banks will be more difficult to provide loans. Then real estate industry and other industries would be inclined to choose trust as their first financing channel.

There would be more cooperative opportunities for the banks and the trust companies. The reasons are as follows:

1. The implementation of the new trust policy will urge the trust company to focus on the top financing market. As for the low financing market where the trust company had been operating for many years, the trust companies can only try to cooperate with commercial banks, making use of the banks' credit and its marketing channels as well as its client resources.

2. The interest rate declined continuously. The monthly financial statistics from the People's Bank of China showed that the diversion of household deposits had been still going on since October. The household deposits declined RMB 449.8 billion on October.

3. Trust has the advantages on its system.
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