the client's own name

the client's own name, for the benefit of the beneficiary or for specific purposes manage or dispose of behavior. In China as a financial institution financial services to its clients basic legal relationship, is this legal relationship based on trust asset management business. In fact, in the banking industry, has never admitted that financial services is part of a trust relationship, and considered to be the principal-agent relationship. Agency and fiduciary agent is essentially different from that former central bank governor Wu Xiaoling have been fully explained. After the commission or the agent is the principal (the donor) to his property and money to the trustee, the trustee in accordance with the client's instructions and to carry out various activities on behalf of the principal, called agency. What is a trust? Trust is the principal monetary funds to his or his property to the trustee, the trustee is to manage its own name, the operation of these monetary funds and property. If a different legal relationship to understand the bank's financial products, the regulatory measures is different. For example, many banks now have insurance at the end of financial products and guarantee certain benefits, promises security at the end it means that bank debt for this product is the relationship, in terms of the legal relationship, that is, the principal-agent relationship, unless the bank was not the premise of bankruptcy Paul at the end, this is actually a disguised form of high-interest-bearing deposits, which make this type of CBRC expressly guaranteed floating income at the end of the financial products included in the table management, to occupy the capital. But other financial products the bank does not guarantee the end of the commitment by the customer to take risks, when banks put these funds together, not in the name of customers to manage operations, but in the name of the bank's operations,