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The Foreign Trade Trust establishes a "Customer Equity - Points" charitable trust
Source:Hebei Network Radio and Television Station | Author:business-101 | Published time: 2023-01-05 | 2085 Views | Share:
Recently, China Foreign Trade Trust Co., LTD. (hereinafter referred to as "Foreign Trade Trust"), the first charitable trust set up with the interests of customers, was officially registered in the Beijing Civil Affairs Bureau. The term of the trust is 10 years. Donors will donate their accumulated business points and financial assets in financial institutions to the foundation. The foundation and the donor will set up the trust as the principal.




  The mode of establishing charitable trust by donating the rights and interests of customers expands the connotation and extension of the source of trust property. It is a beneficial and innovative attempt to spread the concept of "creating wealth + creating goodness", build a financial public welfare ecosystem and realize the social value of wealth. It is the first of its kind in China and has also been strongly supported and recognized by the civil affairs department.

  It is understood that the foreign trade trust has conducted several rounds of discussion and demonstration with cooperative financial institutions and charitable organizations. Under the guidance and support of the civil affairs department, the charitable trust is finally established with customer points, and the business process and fund flow are ensured. The establishment of the charitable trust innovates the trading structure of the charitable trust and introduces the dual entrusting mechanism to enhance the sense of participation of donors. Straighten out the rights and interests exchange mechanism of customers, and in the future, the scale promotion of the replicated business model can be carried out in different institutions and multiple regions; Expand the scope of use of customers' rights and interests, and improve customers' comprehensive service experience of financial institutions.


      Compared with other forms of public charity, trust philanthropy has the following advantages: First, the combination of charity and finance can form a long-term mechanism for donors, charitable organizations and trust companies to participate in public charity; Second, donors can participate in the decision of the direction and plan of charitable expenditure, and deeply participate in charitable activities. Third, charitable trusts can give full play to their natural institutional advantages such as tailor-made, independent property, flexible management, durable existence, multi-party supervision and closed operation. 

  This innovative attempt of Foreign Trade Trust fully combines the charity business with the rights and interests of customers, and makes use of this innovative business model to give full play to the advantages of the trust system and attract more caring people to participate in the charity cause.


  In fact, more and more members of the public, including high net worth individuals and industry elites, gradually understand charitable trusts and promote innovative charitable trusts according to their own value concept needs. Foreign Trade Trust said that in the future, it will continue to actively promote the development of public welfare and philanthropy, diversify and innovate the practice of charitable trust service methods and business implementation, help the accumulation of spiritual wealth and sustainable development of wealth, guide the transformation of wealth to a better, and help create a more beautiful and harmonious society. 

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