Author(s)

Zhan Wang ¹

Affiliation(s)

¹ Faculty of Business and Economics, Monash University, Melbourne, Victoria, 3800, Australia, China

Corresponding Author

ABSTRACT

Taking China's financial trust industry as the research object in recent ten years, this paper first introduces the development and changes of trust business, and then analyzes the challenges faced by trust business, including external competition and internal business. At present, it is an important property management system in many developed countries.  from the perspective of trust business innovation, this paper puts forward the methods to solve the trust problems, and puts forward feasible suggestions.Quarter by quarter slowdown in China's macroeconomic growth, under the background of continued deleveraging, strict regulatory fold tightening credit for capital markets jittery, further by multiple regulatory policy advice into materiality ground and implementation phase, especially on the specification of financial institutions in the asset management business guidance, “the release of the . The entire asset management industry into the “new era”. With the weakening of trust “channel advantage” and the continuous explosion of capital market risk events, trust innovation business has also been greatly affected, but the trend of business innovation transformation and upgrading is irreversible, and new breakthroughs are constantly being explored. It is undoubtedly of great significance to explore how to develop China's trust industry in the new century.

KEYWORDS

CITE THIS PAPER

Zhan Wang. On the Innovation Model of Trust Business in China. Accounting and Corporate Management (2021) 3: 73-77. DOI: http://dx.doi.org/10.23977/acccm.2021.030111.

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