The Proposal on Completing the System of Asset Management of Bank;

In the asset management contract,which is common in the financial market,the managers always set a floor return clause for the clients in order to attract money.

Study on the Obligation to Disclose of the Commercial Bank in the Trust Investment;

In the sight of supervision, the paper applies the incomplete law theory to make the qualitative analysis of the all kinds of trust investment of financial institutions.

In this thesis, the author tried to analyze some critical issues of“trust investment”, such as the characteristic of trust investment, the effect of the“bottom profit clause”and the nature of the“tri-party supervision agreement”from both legal and demonstrative perspective.

According to “whether the assets are transferred” and “the name of investor used in business”, the trust financing can be divided into two kinds: fiducial trust financing and consigning trust financing.

Analysis of trust financing by SZSE-listed companies reveals rampant problems including insufficient disclosure, inappropriate monitor of trust financing, lack of applicable bylaws and credit risks of the entrusted.

After a dozen of years development, the variety and number of investment in Chinese security market has been substantially increased, with the emergence of new operating areas, one of which is trust financing.

Entrusting Financial Transaction is a typical one that symbolizes the emerging of investment instruments, wide involvement of investors and ever large investing scale.

Asset management is the important way for the securities companies, and entrusted asset management that is one kind of the asset management has become more important in all of the Chinese securities companies business.

Research on the Agency Problem of Listed Companies: Evidence from Entrusted Investment

Taken the entrusted investment as a typical case of Hierarchical Agency problem,this paper investigates the entrusted investment from 2000 to 2004,using a Logistic regression.