【正确答案】(1) The formation of modern trust marks the change from the civil trust taking the natural person as the trustee, to the business trust considering the corporate as the trustee. The contractors trust activities for the purpose of making profits for the trustee, making trust a commercial activity and enable trust service become an important component of the financial services business. When the trust becomes a commercial activity, in particular after its special advantage becomes an important component in financial system of the industry, the sum of demand and supply of the service way of the trust forms trust market. Also, we can say trust market is the place where trust service industry fulfills its value. Trust market, together with the capital market, monetary market, and insurance market, forms the modern financial markets. 　　(2) Composition of Trust Market 　　The main body of trust market is the trust parties. Trust parties include trust settler, trustee and beneficiary. The beneficiary and the trustee may be the identical people, also may not be the identical person. A trustee may be a beneficiary, but may not be the only beneficiary of the identical trust. The three compositions above form not only an economical relation, but also a kind of legal relationship, which all together constitute the main body of trust market. 　　①The settler 　　Trust is the creation of the settler who demands the trust services. Settler provides trust property, he determines who the beneficiary is and the right beneficiary enjoys; and he appoints the trustee and are authorized to supervise the trustee to implement the trust. China’s Trust Law stipulates that the trustee must be organization which is established by the completely civil capacity natural person. A settler generally should have the following three conditions; the completely civil capacity; certain amount of property; not having the debts unable to pay in their assets position. 　　②The trustee 　　Trustee is the provider of trust service, and he is the person who provides management, the usage of an transaction according to the trust behavior stipulation, which usually refers to Trust and Investment Corporation. 　　③ Beneficiary 　　Beneficiary is the person who enjoys the trust benefit in the trust relation.