The origin of trust in China can be traced back to the late 1970s. At present, trust, banking, securities and insurance together constitute the four pillars of modern finance. Decades of development are divided in different ways from different angles. Recently, I saw a division of Fang Hao, Executive Vice President of changan trust, for your reference.

Changan trust Fang Hao believes that the trust industry is mainly divided into four stages: before 2002, it was in the exploration stage, chaotic and its main business was unclear; From 2002 to 2008, I was in the stage of returning to the main business, looking for business model and industry positioning; From 2009 to 20 15, in the golden age, trust companies became a very important investment and financing channel in the national economic development; 20 16 Up to now, the trust industry is in the silver age. At present, trust companies, as an important investment and financing channel of the national economy, should pay more attention to the management and allocation of social wealth and enter the stage of re-transformation, re-positioning and re-innovation.