信托投资

Chapter 5:Analyzing and comparing the money trust in which the trustee has the authority to make decisions over the allocation of trust assets, including full fiduciary discretionary investment business, collective trust fund management and employment Account, common trust fund and discretionary individually / collectively managed money trust, meanwhile, proposing some suggestions.

第五章：针对信托业具有运用决定权之金钱信托业务，包括全权委托投资业务、信托资金集合管理运用帐户、共同信托基金及不指定单独管理运用金钱信托之管理运用实务及法制问题做探讨及分析比较，并提出若干建议。

Dr Michael Zhuang introduction of listed companies and real estate investment trust in the management differs in some listed companies are a lot of decision-making power is subject to his Council and the Board of Trustees of the control; and real estate management of the Trust is subject to the national laws and corporate charter, as well as some of the rules of trust and investment restrictions.

迈克尔庄博士介绍，上市公司和房地产投资信托基金的管理不同的一些上市公司有很多的决策权是受他的理事会和董事会的控制和管理的房地产信托是受国家法律和公司章程，以及一些规则的信任和投资的限制。

"Unit investment trust" means an investment company which is organized under a trust indenture, contract of custodianship or agency, or similar instrument, does not have a board of directors, and issues only redeemable securities, each of which represents an undivided interest in a unit of specified securities.

"单位投资信托公司"是指投资公司是根据信托契约，管理人员或机构地位，或类似文书的合同组织的，没有董事会，和问题的唯一可赎回证券，每一个代表，在一个指定的证券单位的利益不可分割。

Base on the preceding chapters, the author analyzed the necessity and feasibility of establishing REIT in China.

通过比较房地产投资信托的不同组织形式，并结合我国的国情，本文认为目前比较适合发展契约型、封闭式房地产投资信托。

The main function of trust is capital operation, capital management, investment decision and reduction of financial risks.

信托是REIT的本质法律特征，主要分为资金信托和财产信托，其主要功能是资本运作、资产管理和产生投资决策，并缓解金融系统风险。

T To maintain, manage, deal with, dispose of and subject to the provisions of this Our Supplemental Charter and of the Statutes to invest all the property, money, assets and rights of the University in such stocks, funds, shares, securities or investments whatsoever and wheresoever situate (whether authorised by the general law for the investment of trust moneys or not so authorised) as the University shall think fit or in the purchase of land in Our United Kingdom whether by way of investment or for occupation and subject or not subject to leases or tenancies and to vary any investments including the realization of existing investments and to re-invest the net proceeds of the realization, provided that in the case of moneys held by the University as trustee the powers hereby conferred shall be exercised subject to the provisions of the law relating to investment by trustees.

对一切财产，金钱，资产和学校权利用于在股票，基金，股份，债券或无论何种何处（不论是否由信托资金投资一般法授权与否）校方认为合适的投资，或者在联合王国内不论是否通过投资或占用与否、是否依据租赁或租用的土地购置，其保存、管理、处理、安置以及依据此补充特许证和法规的条款的投资，对包括实现现有投资的任何投资的变更，以及净收入实现的再投资，只要在校方作为资金持有保管人情况下，由此授予的权力应当按照投资相关法律条款由保管人执行。

In 1985 it underwrote the public offering of the Real Estate Investment Trust that owned Rockefeller Center, then the largest REIT offering in history.

1985年，它的公开发行承销的房地产投资信托基金是拥有洛克菲勒中心，然后最大的房地产投资信托基金提供的历史。

Article 30 During the intervals of paying the proceeds of the entrusted property to the investment institutions, a fund depositary institution may only invest, in a way stipulated in the contract and upon the order of the trustee, the proceeds of the entrusted property in such products that have good liquidity and are readily encashed as the treasury bonds, policy financial institutions bonds or other financial products allowed by the People's Bank of China.

第三十条在向投资机构支付信托财产收益的间隔期内，资金保管机构只能按照合同约定的方式和受托机构指令，将信托财产收益投资于流动性好、变现能力强的国债、政策性金融债及中国人民银行允许投资的其他金融产品。

This type of trust is a dynastic trust, similar to many other types of dynastic trusts, except that this trust is a "stand alone" trust that allows for changes in investment strategies, as long as the beneficiary is willing to discuss the situation with his or her grantors.

这种信托是一种皇朝信托，跟许多其他种类的皇朝信托相似，除了一点：这种信托是一种&无与伦比&的信托，它允许投资方略的更改，只要受益人愿意同受托人讨论其情形。

This is the Beijing Investment Following the "Beijing CBD land development project funding trust scheme" after another financial innovation products, the company is also China's relevant laws in the current environment, introduced and developed countries are most similar to real estate investment trust financial products .

这是继北京投资的&北京CBD土地开发项目资金信托计划&之后的另一个金融创新产品，该公司还正在中国的有关法律在当前的环境下，介绍了与发达国家是最相似的房地产投资信托基金的金融产品。

As she looked at Warrington's manly face, and dark, melancholy eyes, she had settled in her mind that he must have been the victim of an unhappy attachment.

每逢看到沃林顿那刚毅的脸，那乌黑、忧郁的眼睛，她便会相信，他一定作过不幸的爱情的受害者。

Maybe they'll disappear into a pothole.

也许他们将在壶穴里消失