from the view point of legislation, laws of collective money trust consists of one law, two rules and several guiding documents most of which are low level laws.
that the business process of collective money trust is dominated by trust and investment corporation determines the feeble status of investors who are much weaker in almost every part of the process.
referring to the characteristic of trust products in china, the basic concept of the default risk of money trust is introduced in the view of the investors.