投资信托

Chapter 5:Analyzing and comparing the money trust in which the trustee has the authority to make decisions over the allocation of trust assets, including full fiduciary discretionary investment business, collective trust fund management and employment Account, common trust fund and discretionary individually / collectively managed money trust, meanwhile, proposing some suggestions.

第五章：针对信托业具有运用决定权之金钱信托业务，包括全权委托投资业务、信托资金集合管理运用帐户、共同信托基金及不指定单独管理运用金钱信托之管理运用实务及法制问题做探讨及分析比较，并提出若干建议。

Some important vocabulary: trust, sewer, municipal, underwriter, estate, complexity, conceivably, administrator, safe deposit box, signature guarantee, brokerage service, living trust, personal assets, estate tax returns, contingent trustee, probate court, distribute the assets left by a decedent, pay

银行信托部根据公司、个人或政府的委托收受信托存款、办理信托投资、承募证券、管理财产或遗产、为未成年人财产的监护人。

The main function of trust is capital operation, capital management, investment decision and reduction of financial risks.

信托是REIT的本质法律特征，主要分为资金信托和财产信托，其主要功能是资本运作、资产管理和产生投资决策，并缓解金融系统风险。

The banking regulatory bureau of the place where a trust and investment company is located shall prudently examine and approve the company's application for changing its business scope and reissuing a new financial license in strict accordance with the New Measures and the relevant provisions of this Notice, in light of the trust and investment company's overall operation status, system construction and arrangement of professionals and on the basis of such elements as the clearing effects of the industrial investment under the inherent items, the business adjustment and the liquidity arrangement for assembled fund trust plans, which continues to exist, etc.

十二、所在地银监局要严格按照《新办法》和本通知有关规定，根据信托投资公司整体经营状况、制度建设和专业人员配备情况，结合公司固有项下实业投资清理效果、业务调整和存续集合资金信托计划的流动性安排等要素，审慎核准其变更业务范围和换发新的金融许可证的申请。

T To maintain, manage, deal with, dispose of and subject to the provisions of this Our Supplemental Charter and of the Statutes to invest all the property, money, assets and rights of the University in such stocks, funds, shares, securities or investments whatsoever and wheresoever situate (whether authorised by the general law for the investment of trust moneys or not so authorised) as the University shall think fit or in the purchase of land in Our United Kingdom whether by way of investment or for occupation and subject or not subject to leases or tenancies and to vary any investments including the realization of existing investments and to re-invest the net proceeds of the realization, provided that in the case of moneys held by the University as trustee the powers hereby conferred shall be exercised subject to the provisions of the law relating to investment by trustees.

对一切财产，金钱，资产和学校权利用于在股票，基金，股份，债券或无论何种何处（不论是否由信托资金投资一般法授权与否）校方认为合适的投资，或者在联合王国内不论是否通过投资或占用与否、是否依据租赁或租用的土地购置，其保存、管理、处理、安置以及依据此补充特许证和法规的条款的投资，对包括实现现有投资的任何投资的变更，以及净收入实现的再投资，只要在校方作为资金持有保管人情况下，由此授予的权力应当按照投资相关法律条款由保管人执行。

Construction Bank of China Assistant Governor Chen Zoff, the Ministry of Construction Housing Industrialization Promotion Center童悦Chung, deputy director of the CBRC, deputy director of the Department policies and regulations Huang visited the venue and said congratulations, Ministry of Land and Resources Land Use Division Hongzhi, deputy director of the cold, the Ministry of Construction Policy Research Center, deputy director Wang Jue Lin, China Association of Mayors Vice President and Secretary General Tao Siliang, China's Real Estate Association, vice president and secretary general顾云昌, Beijing University of Economics and Management, Associate Dean Cao peace, Beijing International Trust and Investment Corporation board chairman and general manager Wang Xiaolong,今典集团chairman张宝全, Yu Fat Dawnrays Beijing real estate company chairman Zhang Jidong, Chongqing International Trust and Investment Corporation, president of Assistant Sun Fei, China Construction Bank real estate financial services such as general manager Liu Tiemin authority has on China's real estate financial innovation, as well as real estate and urban development of the interactive relations between the in-depth discussion of the Chinese real estate finance and urban sustainable development put forward a series of forward-looking perspective.

中国建设银行副行长陈佐夫，建设部住宅产业化促进中心童悦仲副主任银监会副主任，新闻部的政策和法规黄参观了展馆，并表示祝贺，国土资源部土地利用和资源司宏志，副主任冷，建设部政策研究中心副主任王珏林，中国市长协会副会长兼秘书长陶斯亮，中国房地产业协会副会长兼秘书长顾云昌，北京工业大学经济管理学院副院长曹和平，北京国际信托投资公司董事长，总经理王小龙，今典集团董事长张宝全，北京于发东瑞房地产公司董事长章机洞，重庆国际信托投资公司总裁助理孙飞，中国建设银行房地产金融服务，如总经理刘铁民管理局已对中国的房地产金融创新，以及房地产和城市发展的互动关系深入讨论中国房地产金融和城市的可持续发展提出了一系列前瞻性的观点。

Emerging competition between TICs and banks, and first signs of the erosion of the Credit plan, led to the first of the clampdowns on TICs of the reform period, and in the consolidation of 1982, non- financial institutions were forbidden to set up TICs, and only banks were permitted to enter this business.

当信托和银行产生竞争的时候，信贷计划就不能较好的实施，这就导致了1982年中国信托投资公司的第一次改革，非银行金融机构被禁止设立信托部门，只有银行被允许进入这一领域。

Article 30 During the intervals of paying the proceeds of the entrusted property to the investment institutions, a fund depositary institution may only invest, in a way stipulated in the contract and upon the order of the trustee, the proceeds of the entrusted property in such products that have good liquidity and are readily encashed as the treasury bonds, policy financial institutions bonds or other financial products allowed by the People's Bank of China.

第三十条在向投资机构支付信托财产收益的间隔期内，资金保管机构只能按照合同约定的方式和受托机构指令，将信托财产收益投资于流动性好、变现能力强的国债、政策性金融债及中国人民银行允许投资的其他金融产品。

This type of trust is a dynastic trust, similar to many other types of dynastic trusts, except that this trust is a "stand alone" trust that allows for changes in investment strategies, as long as the beneficiary is willing to discuss the situation with his or her grantors.

这种信托是一种皇朝信托，跟许多其他种类的皇朝信托相似，除了一点：这种信托是一种&无与伦比&的信托，它允许投资方略的更改，只要受益人愿意同受托人讨论其情形。

A self-benefit trust legal structure with the investors as thrusters and beneficiaries, fund sponsors dealing some thruster's businesses before the establishment of the fund, and both fund managers and fund trustees acting as trustees, is the only choic...

建立一种由投资人作为信托人和受益人，基金发起人在基金成立前先行处理作为信托人的一些事务，由基金管理人和基金托管人共同作为受托人的自益信托的法律结构将是我国在证券投资基金立法调整时的必然选择。

Chrysanthemum of 10 thousand birthday is lax to edaphic requirement, with the arenaceous qualitative loam with fecund, good drainage had better.

万寿菊对土壤要求不严，以肥沃。排水良好的砂质壤土为好。

He unstepped the mast and furled the sail and tied it.

他拔下桅杆，把帆卷起，系住。