In recent years, the trust business of the trust company has continued to develop, and the business form has been constantly innovative. In order to clarify the boundaries and service connotations of various types of trust business, guide trust companies to play the advantages of the trust system in a standardized way, enrich the supply of trust source business, and consolidate the results of chaos governance, the CBRC recently issued the Notice on Regulating the classification of Trust Business of Trust Companies (hereinafter referred to as the Notice).

The Notice emphasizes the positioning of trustees of trust companies. According to the essence of various types of trust services, trust business is divided into three categories: asset service trust, asset management trust, and public charity trust, taking the purpose of trust, the way of trust establishment, and the content of trust property management as the classification dimension, and trust business sub-items are subdivided under each category. Standardize the definition, boundary, service content and prohibited items of each business, and clarify the main body of responsibility and work requirements of classified work.

The "Notice" is a basic system to promote the transformation and development of the trust industry, and has a positive role in promoting the industry to return to its roots and achieve sustainable and healthy development. In the next step, the Banking and Insurance Regulatory Commission will guide trust companies to do a good job in the implementation of the Notice, improve the relevant supporting systems, and promote the return of all types of trust business to the source and standardized development.

Managing Editor: Yang Xiting