Core Viewpoint - The recent civil judgment reveals significant risks associated with Huaneng Trust Co., Ltd., as multiple investors have filed lawsuits due to the failure of trust products to repay principal and returns on time, linked to a fraudulent scheme involving over 1 billion yuan [1][4]. Summary by Sections Legal Proceedings - Investors purchased Huaneng Trust's "Huaneng Trust Jinying No. 30" product through Huishang Bank, with an initial investment of 2 million yuan, but were denied repayment after the product's maturity [2]. - Huaneng Trust claims the trust contract allows for an extension of the product's duration from 12 months to 51 months without beneficiary consent, which contradicts investor understanding [2][3]. Fraudulent Activities - The fraudulent scheme involved Shenzhen Xingrui Information Technology Co., Ltd., where its controller, Chi Jinlong, used forged insurance policies and impersonated individuals to misappropriate funds from the "Xinsure Loan" project [1][6]. - Huaneng Trust and Huishang Bank failed to adequately monitor the loan assets, leading to significant financial losses for investors [3][6]. Industry Implications - This incident serves as a warning for the trust industry, highlighting the need for companies to enhance due diligence and risk management practices to protect investor interests [7][8]. - Historical cases of fraud in the trust sector, such as the "Chengxing System" and "Jinhuang Jewelry" incidents, underline the systemic risks and the necessity for improved oversight [7][8].