时隔18年迎大修！金融监管总局拟发新规→

Core Viewpoint - The Financial Regulatory Bureau has released a revised draft of the "Trust Company Management Measures," aiming to promote the trust industry’s return to its core functions, deepen reforms, and effectively prevent risks [1][2]. Group 1: Key Revisions - The revised measures focus on four main areas: emphasizing the core business of trust companies, enhancing party building, establishing a comprehensive risk management system, and increasing the minimum registered capital [1][2]. - The new regulations are a refinement of previous rules aimed at high-quality development in the trust industry, enhancing operational behavior, and improving risk management and market exit mechanisms [1][2]. Group 2: Business Scope Adjustments - The revised measures adjust the business scope of trust companies to focus on asset service trusts, asset management trusts, and charitable trusts, moving away from rigid repayment practices [3]. - The previous five categories of trust business have been consolidated into three main types, aligning with the core responsibilities of trust companies [3]. Group 3: Asset and Liability Management - The revised measures clarify that trust companies can engage in liquidity borrowing from shareholders and issue targeted bonds under inherent liabilities, while prohibiting external guarantees [4]. - Trust companies are restricted from lending to related parties or transferring assets, and must adhere to strict limits on borrowing and investment activities [4]. Group 4: Corporate Governance Enhancements - The measures emphasize the importance of corporate governance, requiring trust companies to strengthen party building and manage shareholder behavior and related transactions [6][7]. - Trust companies must establish specialized committees to protect the rights of clients and beneficiaries, ensuring compliance with legal and regulatory requirements [6][7]. Group 5: Risk Management and Capital Requirements - The revised measures mandate the establishment of a comprehensive risk management system focusing on compliance and operational risks, with specific requirements for trust documentation and risk disclosure [9][10]. - The minimum registered capital for trust companies has been increased to 500 million RMB from the previous 300 million RMB, with stricter regulations on capital and reserve management [10].