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 to that the settlor,
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Trusts have been hot in China recent years esp in the financial sector of China economy. As a business and family lawyer in China, I find it intriguing how the trust mechanisms can help with respect to estate planning for wealthy Chinese and business planning as well, which has prompted to further explore the world…
