Legal Certainty and Trusts in China

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Abstract

The location of ownership of trust property has been a hotly debated issue among Chinese scholars since the Chinese Trust Law was enacted in 2001. This chapter describes various conventional interpretations of Chinese Trust Law submitted by legal scholars. Moreover, it develops a new, but more practical way, to explain why Chinese trust business has expanded in spite of the uncertainty of Chinese Trust Law regarding the location of ownership of trust property, using a social capital perspective. This chapter also further tries to predict what conditions would enable and make it desirable for China to clarify the location of the ownership of trust property.

Keywords

Ownership of trust property Chinese trust business Social capital Mutual trust Institutionalized trust 
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Notes

Acknowledgments

This paper is supported by “the Fundamental Research Funds for the Central Universities”, No.AE15001_16.

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Copyright information

© Springer Science+Business Media Singapore 2016

Authors and Affiliations

  1. 1.Nanjing University of Science and Technology, School of Public Affairs, Department of LawNanjingChina

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