Core Viewpoint - The People's Bank of China (PBOC) has released a draft decision regarding the modification and repeal of certain regulations, inviting public feedback from July 15 to August 14, 2025, and has received 28 valid opinions, most of which have been adopted [1]. Group 1 - The PBOC has accepted the suggestion to add supplementary requirements for institutions to report large transactions, which will be included in the management measures for large and suspicious transaction reporting [1]. - The PBOC has also agreed to further clarify the requirements regarding list monitoring, which will be specified in the anti-money laundering special preventive measures management regulations [1].

Core Points - The National Financial Supervision Administration has announced modifications to certain regulations, specifically adding a clause to Article 57 of the "Interim Measures for the Management of Trust Company Equity" [1] - The new clause allows trust companies to establish an audit committee composed of directors to exercise the functions of the supervisory board, thereby eliminating the need for a supervisory board or supervisors [1] - This decision will take effect immediately upon publication and will lead to corresponding amendments in the "Measures for the Management of Trust Companies," "Interim Measures for the Management of Trust Company Equity," and "Management Measures for Related Transactions of Banking and Insurance Institutions" [1]