部分信托公司债券交易业务开展排查，正逆回购超限风险引关注

Core Insights - Regulatory authorities have mandated trust companies to conduct internal reviews regarding their bond trading operations and the limits on reverse and repurchase agreements [1][2] Group 1: Regulatory Requirements - Trust companies are required to assess whether they have established internal systems in accordance with the recent notification and whether they have set up relevant monitoring indicators in their systems [1] - The review focuses on two main aspects: the establishment of internal regulations and the occurrence of any excess in reverse repurchase agreements exceeding 90% and 100% of the previous day's net assets, and repurchase agreements exceeding 70% and 100% of the previous day's net assets [1] Group 2: Industry Practices - Trust companies have increasingly taken on a significant amount of bank wealth management funds, primarily engaging in cash management through government bond reverse repurchase agreements [2] - There is a discussion within the industry regarding the appropriateness of using "previous day's net assets" as a benchmark for monitoring, with suggestions that "same-day net assets" may better reflect actual market conditions [2]