A principal refers to a person who entrusts others to handle affairs for himself. In the securities brokerage business, the principal refers to a natural person or legal person who can buy and sell securities according to the provisions of national laws and regulations. In order to distinguish between the principal and the principal-agent relationship, the trust laws of some countries refer to the principal as the trustee Zhong Ruidong and Chen Xiangcong. Trust law [M]. ISBN: 7-5615-2153-7/D922.282.4. Xiamen University Press, 2004.

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