This refers to the Trust relationship formed between a Settlor (or in cases where the Settlor is a minor, then the minor’s representative or with said representative’s agreement) and the Bank, wherein they agree to have all the Settlor’s property entrusted to the Bank, which is empowered to manage, utilize or deal with the Trust property based in the Settlor’s beneficiary.

• Management style Trusts

  These refer to where the settlor (the owner of the property), after signing a Trust Deed with the bank, hands over his property to the Bank and registers a Property Trust in the name of the Bank. The Bank can then rent, sell, keep or otherwise manage the Trust property according to the stipulations of the Trust Deed. Whenever there is revenue from any of the Trust property held in the Trust (such as rental income or exercised profit), then that profit from the Trust goes to the beneficiary .If the Trust Deed contains instructions，both parties should follow the contract.

• Development style Trusts

  These refer to cases where the settlor (including, but not limited to, the owner of property, a financier, or a proprietor of a building) signs a Trust Deed with the Bank, hands over all his property to the bank and registers a Property Trust in the name of the Bank, and/or alteration of proprietor in the Construction license to that of the Bank or a designated third party, and/or deposits the funds required for all aspects of the project (including but not limited to the construction cost) into a special Trust account. The Bank is thereby in a position to develop, manage, apportion or otherwise handle everything in accordance with the Trust Deed, and once the property is completed and has been duly registered, can then as per agreement return a portion of the property to the Settlor. If the Trust Deed contains instructions，both parties should follow the contract.

• By using a Trust structure and the professional trust and management capability of the Trustee, the Settlor, who may not be adept at managing his property or may have problems in doing so, is provided with a professional and transparent service. This makes the Trust property much safer and/or serves the interest of the settlor.
• In development or joint construction projects, since the Trustee acts as an impartial third party and signs the Trust deed with all the Settlors who sign jointly (based on the principle that all are involved together, no one Settlor can individually make alterations, or wind up and terminate the Trust Deed), the Trust serves to make the construction move along smoother and safeguard the rights of each signatory to the Trust Deed.