我国信托业务的发展与创新研究

发布时间：2018-01-12 09:24

本文关键词：我国信托业务的发展与创新研究　出处：《北京交通大学》2014年硕士论文　论文类型：学位论文

【摘要】：中国国际信托投资公司的成立标志着现代的中国信托业开始恢复,从那以后中国信托业得到了长足的发展。在接下来的的时间里信托业经历了六次不同程度的清理整顿,中国人民银行出台并实施了一系列的法律法规,以加强行业的风险管理和监管。随着2001年10月《中华人民共和国信托法》出台,2007年银监又相继出台了《信托公司管理办法》和《信托公司集合资金信托计划管理办法》,信托行业逐渐开始形成以补充商业银行和资本市场体系、提供信贷融资服务为主的商业模式。中国经济某些特定领域的融资需求,是传统的商业银行体系和欠发达的债权资本市场所无法满足的,为信托行业提供的发展空间。一方面,在过去的十年中,中国经济高速发展,社会财富快速增长,同时,实际存款利率低迷,资本市场表现差强人意,信托行业受到了高净值人群和机构投资者的广泛青睐,获取了市场上大量的投资资金。另一方面,现行的金融监管框架下,信托公司承担了特定类别财富管理产品开发的功能,即“出借”信托牌照给受监管限制无法涉足某些投资领域的其它金融机构,例如银行与证券公司。这两方面的因素共同促成了信托行业的井喷式增长。造就了中国信托业过去十年跳跃式的增长,形成并培养了巨大潜力和规模的信托市场,截至2012年年底,信托行业管理资产达到7.47万亿元大关,超过保险、券商、基金等,成为管理资产仅次于银行的第二大金融产业。然而,在规模繁荣的表象下,信托行业面临着很大的挑战。据估算,当前中国信托公司的业务组合中,88%的业务收入都将在中长期面临严峻的挑战。伴随着信托业务结构向非信托金融机构的逐步放开,信托公司面临的竞争压力将越来越大,同时由于信托贷款集中于房地产、政府融资平台等较高风险领域,一旦宏观经济开始周期性下行,信托贷款业务势必首当其冲受到冲击。所以,在整个金融行业竞争日趋激烈和经济下行的背景下,信托行业应该在在未来的发展中寻求在现有的模式上进行创新,调整原来的盈利模式,最终使我国的信托业真正成为发展目标明确,定位清晰的金融机构。本文从信托业发展的视角,通过与国外发达国家信托发展的历程比较,并对我国信托业的发展及信托产品的创新进行总结,分析得出未来我国金融形势的发展机会,并从从信托创新的视角对信托业今后的发展提出了新的发展思路,提出了今后我国信托业发展意见和建议。
[Abstract]:China International Trust Investment Company marks the establishment of modern China trust industry began to recover, has got great development since the Chinese trust industry. In the next time, the trust industry has experienced six different degrees of rectification, the people's Bank of China promulgated and implemented a series of laws and regulations, to strengthen industry supervision and risk management with the October 2001 People's Republic of China trust issued < >, 2007 CBRC has unveiled a "trust management" and "trust capital trust plan management", the trust industry gradually began to form of commercial banks and capital market system, to provide financing service based business model. Chinese economy financing needs of certain areas that is the traditional system of commercial banks and underdeveloped debt capital markets can not satisfy the trust industry. Provide space for development. On the one hand, in the past ten years, the rapid development of Chinese economy, rapid growth of social wealth, at the same time, the actual deposit interest rate low, just passable performance of capital markets, the trust industry widely favored by the high net worth individuals and institutional investors, to obtain a large number of investment funds on the market. On the other hand, financial supervision under the framework of current trust company to undertake a specific category of wealth management product development function, other financial institutions that lend trust license to be subject to regulatory restrictions can not be involved in some areas of investment, such as banks and securities companies. These two factors contribute to the trust industry growth spurt created China. The trust industry in the past ten years increased by leaps and bounds, and cultivate the great potential and the size of the trust market, by the end of 2012, the trust industry asset management reached 74 thousand and 700 It has become the second largest financial industry that manages assets second only to the bank.
However, the scale of the appearance of prosperity, the trust industry is facing great challenges. It is estimated that the current Chinese trust company's business portfolio, 88% of the business income in the long term will face severe challenges. Along with the gradual opening of financial institutions to non trust trust business, trust company is facing the pressure of competition at the same time will be more and more, because of the trust loans concentrated in real estate, government financing platform and other high risk areas, once the macro economy began a cyclical downturn, the trust loan business is bound to bear the brunt of the impact. Therefore, the competition in the financial industry is becoming increasingly fierce and the background of the economic downturn, the trust industry should seek for innovation in the existing mode in the future development, the adjustment of the original profit model, finally make our trust industry truly become clear development goals of financial institutions, clear positioning.
This article from the perspective of the development of the trust industry, trust through history and development in some developed countries, innovation and development of China's trust industry and trust products and summary, analysis of the opportunities for future development of China's financial situation, and new ideas are put forward from the perspective of development from the innovation of trust trust industry in the future and put forward the future development of our trust industry comments and suggestions.

【学位授予单位】：北京交通大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.49

【参考文献】