As we have pointed out in the past in our posts, family trusts in China are of a rare species, mainly because family trusts, an imported legal concept from abroad, have no local soil in history for them to thrive in China.
Recent years, family trusts are a hot topic in financial industry with more and more Chinese rich families are faced with the problem of family …
Does China has its own version of trust law? Many may not have a ready answer.
Yes, China does have its own Trust Law enacted back in 2001. This post will summarize the main provisions and talk about the main issues.
1. Definition of Trust
Article 2 of the Law provides for the definition of trust:
…“For purposes of this Law, trust refers
Jason Tian, the blogger, Senior Partner at Shanghai Landing Law Offices. You can reach him at: [email protected] or [email protected], or call him directly at+86-13816548421 (also his WhatsApp)
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