"Notice on Adjusting the Classification of Trust Business Classification" is about to be officially introduced

On September 15th, a reporter from the Bonded Society was informed that the regulatory authorities recently convened some trust companies to hold a symposium on the category of trust business. The supervisor revealed that the "Notice on Adjusting the Classification of Trust Business" is about to be officially issued and is a trust company for the trust company The existing business has set up a 5 -year transition period. In addition, business classification reform will allow high -rating trust companies to carry out innovative business through differentiated supervision, while limiting low -rating companies to carry out asset management trust business.

According to the "Notice on Adjusting the Classification of Trust Business Classification (Draft for Opinions)" issued to the trust company in April this year ("Draft for Soliciting Opinions)"), the trust business will be divided into asset management Trust, asset service trust, public welfare/charity trust. In accordance with the requirements, the trust company should comprehensively sort out the various duration business and formulate a rectification plan for the stock business. For private equity fund management and other businesses based on trust relations, it is clearly cleared in accordance with the strict prohibition of newly added and naturally expired. For other trust businesses that do not meet the classification requirements, the order of the trust business is set up on the asset management trust item, attributed the relevant business into this category, and the rectification is implemented in an orderly manner in accordance with the characteristics of the business.

Responsible editor: Shi Jian | Audit: Li Zhen | Director: Wan Junwei

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