原信托监管标杆谢幕：邓智毅荣退！

Core Viewpoint - The retirement of Deng Zhiyi marks a significant transition in the trust industry, symbolizing a milestone in the sector's standardized development and the end of an era for a key regulatory figure [3][12][19]. Group 1: Career and Contributions - Deng Zhiyi has had a 37-year career in the financial sector, significantly impacting the regulatory framework and transformation of the trust industry [3][13]. - He served as the first director of the Trust Supervision Management Department established by the China Banking Regulatory Commission (CBRC) in 2015, becoming a core promoter of the industry's standardized development [6][15]. - Under his leadership, the trust industry's asset scale grew from 15 trillion yuan to 26.25 trillion yuan by the end of 2017, establishing it as China's second-largest asset management sector [6][16]. Group 2: Regulatory Framework and Policies - Deng established a "strong regulation, return to the source" approach, addressing issues like rampant channel business and regulatory arbitrage through key policies [6][16]. - He emphasized building a long-term institutional framework for the trust industry, advocating for a governance system that supports regulation, self-discipline, and registration [7][17]. - His efforts led to the acceleration of drafting the "Trust Company Regulations," aiming to institutionalize regulatory experiences and address long-standing legal issues in the industry [7][17]. Group 3: Transition and Future Leadership - Deng's retirement has led to Wang Jiming taking over management at Dongfang Asset, ensuring a smooth transition due to their previous collaboration [8][18]. - Wang Jiming, with extensive experience in asset management and risk control, is expected to inject new momentum into Dongfang Asset's future development [8][18]. - Deng's legacy and regulatory experience will continue to guide the trust industry as it navigates a critical transformation towards high-quality development [8][19].