In November 18th, a notice of the main shareholder of Jingrong trust and textile machinery was focused on the trust industry protection fund.

According to the announcement, the China Trust Trust Company intends to set up a trust fund in China limited by 1 billion 500 million yuan in cash. According to people familiar with the matter, in addition to trust Outside the company, China XinDa and China Trust Industry Association will also be shareholders of the company and will most likely appear on the board.

In addition, the announcement indicates that the registered capital of China Trust Industry guarantee fund limited liability company is 10 billion yuan. Compared with similar China insurance guarantee fund limited liability company's registered capital of 100 million yuan, its scale is huge. In response, there is an industry analysis that the fund management company may also undertake the responsibility of acquiring relevant trust companies' shares if necessary.

So far, the fund management company, as one of the key to establish the trust industry guarantee fund, has gradually emerged.

　 There will be three categories of guarantee fund companies. Shareholder

In the foregoing announcement, Jingwei Textile Machinery Co., Ltd., the China Trust Industry Guarantee Fund Limited company, is a company that is jointly sponsored by the trust industry association of China and jointly commissioned by various trust companies in accordance with voluntary principles. The registered capital of the company is estimated to be 10 billion yuan, and the trust fund will be funded by 1 billion 500 million yuan in cash, with a shareholding ratio of 15%. A trust company, who does not want to be named, has disclosed that the trust companies have indicated their intention to join the trust industry association and reported the number of shares they intend to take.

According to the previously issued "China Trust industry protection fund management measures (Draft)", the trust industry protection fund will be set up in China to prevent the system risk of trust industry and the funds to deal with the risks of single trust institutions. The establishment of China Trust Industry guarantee fund Co., Ltd. is responsible for raising funds. Administration And use.

According to people familiar with the matter, the China Trust Industry Association is now investing in the fund management company through relevant procedures to obtain shareholders' seats and participate in the management of fund companies. However, the person said: "the amount of shares that the association should buy should not be too large. It may just be a symbolic stake."

According to media reports, a senior executive of China XinDa Asset Management Co is the head of the preparatory group of the security fund. XinDa Asset Management Co is another shareholder of the fund management company and is likely to become a controlling shareholder, a person familiar with the matter told the China Securities Journal.

The foregoing insider said that this means that the shareholders of the future security fund management companies or three categories, namely China XinDa, China Trust Industry Association and trust companies, will enter the board of directors of the company in the future, or be a major trust company of China XinDa, China Trust Industry Association and a few.

It is worth noting that there is no relevant public information on the shareholders of the fund management company. Jingwei Textile machinery also said in the aforementioned announcement that the company was unable to learn about other shareholders and the proportion of investment in the investment, but the company is actively seeking relevant information.

　 The management of safeguards fund has changed.

Another noteworthy problem is that according to the foregoing announcement, the registered capital of China Trust Industry guarantee fund limited liability company is as high as 10 billion yuan, which is much more contrasting with the previous fund management companies which are mostly light assets. In fact, the China insurance guarantee fund limited liability company established in 2008 has a registered capital of only 100 million yuan.

In response, a senior trust company, who did not want to be named, said that the huge registered capital was related to the company's responsibilities in the future. This person believes that the trust industry guarantee fund company may, if necessary, undertake the relevant responsibilities of acquiring some equity interests of some trust companies, and at present, the net assets of the trust companies are generally high, so it is necessary to have such a high registered capital.

Prior to the issuance of the "China Trust industry protection fund management measures (Draft)", the fund management company's function part is similar to the previous statement: "accept the trust of the banking regulatory authority of the State Council, trustee trustees who have been closed down, revoked or closed, and participate in the disposal and reorganization of their assets in accordance with the law."

"At present, it is felt that the way to prepare the security fund is not quite the same as before. The aforementioned said that after the release of the draft, the trust company submitted feedback to the trust industry association, but no formal management has yet been received. (Liu Xiacun)