The CBRC Expressly Forbids The Trust &Nbsp Of The Bills, And The Remaining Business Shall Not Be Extended.

The CBRC issued a formal ban on trust business in late February.

According to the requirement of the notice on matters such as trust business, trust business and other related matters (hereinafter referred to as the notice), the trust company shall not carry out various forms of negotiable instrument assets pfer with commercial banks.

At present, there is no exact statistical channel for the scale of negotiable instruments trust. The industry expects that the stock of notes trust is about 200 billion yuan.

From oral notification to dispatch

A bill trust is a commercial bank's pfer of the unexpired bank acceptance bill to the specific trust plan at the agreed rate, and the investor of the corresponding financial plan shall receive the corresponding financial return rate as the client and the beneficiary of the specific financial plan.

As early as January 2012, the CBRC informed the trust companies by telephone, calling for a halt.

"The suspension in January was conducted by window guidance. At the time, some people hoped that such a business would resume in the future."

A trust industry person said, but the official document issued by the request is "no", did not mention the "suspension" of the two words.

In other words, the business was banned and the idea of restarting the business in trust industry was cut off.

"The growth of negotiable securities trust has benefited from the strict supervision policy of financial products."

Fan Jie, a researcher at Puyi fortune, told the newspaper that trust was scarce in the first half of 2011, and the business grew gradually in the second half of last year.

In June last year, the CBRC held a financial management meeting to point out six irregularities, including bills assets management products.

Fan Jie said that strict supervision has basically blocked the way to digest bills assets through bank financial products. Under tight credit policy and tight social capital, it directly stimulated the circulation of bill assets through collective trust fund plans, thus greatly increasing the number of trust collections.

According to Puyi wealth data, only 6 trust companies set up 8 such products between 2003 and 2008.

But by 2011, 16 trust companies had set up 282 such collection trusts.

Stock shall not be renewed.

The notice also requires that the trust companies should strengthen risk management for the remaining bills trust business. During the duration of the trust project, the new bill business shall not be carried out, and it shall be terminated immediately after the expiration of the trust item and shall not be renewed.

One industry insider said that many of these products were issued by banks for self seeking bills and customers. Trust companies only provided platforms, and there was no complicated operation in the middle.

In such products, banks need to distinguish the authenticity, cleaning and packing of bills one by one.

The trust company outsourced the work to the bank. The bank endorsed the bill, kept the bill, and was responsible for collecting the bill to the acceptance bank at maturity. The collection bank received about 5/1000 of the handling fee.

The reason why banks are willing to do the above work is that the instrument trust can help banks turn out the assets in the table and realize the bank's capital investment and intermediate business income without taking up the credit scale.

In fact, regulators have considered raising bills.

In addition, the circular also stresses that in the cooperative business of bank and credit, the trust company should adhere to the principle of independent management and strictly abide by the relevant provisions of the balance of financing business, which should not exceed 30% of the balance of the credit cooperative business.

Trust companies that have exceeded the above requirements should immediately stop financing cooperation.