Abstract
Common law and civilian jurisdictions use trusts to enhance their existing financial infrastructure in part because trusts have been a useful and flexible tool for asset management and investment. China sees the practical advantages of the trust in modern investment market and has adopted trusts for commercial purposes. This article seeks to provide a guide to the Chinese legal regime of commercial trusts in commercial and financial practice. It attempts to answer the following questions: what is the notion of trusts in China and what are the main types of commercial trusts? Who can be the trustees and regulatory authorities of each type of trust? What are the legal resources governing various types of commercial trusts? What are the challenges of the Chinese legal system? Given China’s rise as a major destination for international investment, a guide to the structure of commercial trusts in China is of great interests for research.
| Original language | English |
|---|---|
| Pages (from-to) | 866-879 |
| Number of pages | 14 |
| Journal | Trusts and Trustees |
| Volume | 23 |
| Issue number | 8 |
| Early online date | 7 Aug 2017 |
| DOIs | |
| Publication status | Published - 1 Oct 2017 |