Core Viewpoint - The recent revision of the "Trust Company Management Measures" aims to promote the trust industry to focus on its core responsibilities, deepen reform and transformation, and effectively prevent risks [1] Summary by Relevant Sections Focus on Core Responsibilities - The revised measures emphasize the importance of the trust company's core business, adjusting the scope of operations to align with the role of a trustee, and regulating asset service trusts, asset management trusts, and charitable trusts [2] - The principle of "seller responsibility, buyer self-bear; seller liability, compensation according to responsibility" is established, breaking the rigid repayment model [2] Governance and Management - The measures require trust companies to integrate party building with corporate governance, enhancing the checks and balances within governance mechanisms [2] - There is a focus on strengthening shareholder behavior and managing related party transactions, along with establishing a scientific internal assessment and incentive mechanism [2] Risk Prevention and Control - Trust companies are mandated to establish a comprehensive risk management system, including the appointment of a chief compliance officer and the management of reputation and information technology risks [3] - The new regulations prohibit practices such as fund pooling, channel business, and rigid repayment, which have been major causes of past risks [3] - Trust companies must ensure the separation of proprietary assets from trust assets to prevent interest transfer and mitigate risk transmission [3] Regulatory Requirements - The measures increase the minimum registered capital for trust companies and enhance capital and provision management [2] - There is a clear requirement for risk disposal mechanisms and the implementation of tiered and classified regulatory requirements [2] - The financial regulatory authority will monitor the progress of rectification plans as a basis for classified supervision [4]