Committee on Banking Supervision. Specifically, the non-banking department of the CBRC shall be implemented by the local banking regulatory bureau. According to the Measures for the Administration of Trust Companies, the supervision department of trust institutions in China is China Banking Regulatory Commission. According to the provisions of relevant laws and regulations, any institution or individual engaged in commercial trust business needs to be approved by the relevant competent departments of the state, and shall be subject to the supervision of the relevant departments of the state.

Supervision: An investment company shall set up an internal audit department to audit and supervise its business activities. The internal audit department of a trust and investment company shall submit an internal audit report to the board of directors of the company at least once every six months, and send a copy of the above report to the People's Bank of China.

Specifically, the trust industry is known as one of the four financial pillars, but for a long time, the trust industry lacks an authoritative and effective regulatory framework. No matter during the People's Bank of China period or the current CBRC, the specific functional departments that manage trust companies are only trust offices under non-bank companies.

This institutional setup can't meet the objective needs of trust industry development and supervision in the new period, and it doesn't match the important position of trust industry. At present, the lag in the construction of trust laws and regulations may be directly related to the serious shortage of trust supervision and management institutions in hierarchy and staffing.

Provisions of China Securities Regulatory Commission on entrusted investment management business of comprehensive securities companies. It can be seen that the laws and regulations of trust supervision are actually reflected in three aspects: the CBRC manages trust companies; The CSRC manages fund companies; The CSRC manages brokers. We can separate the fund from trust jurisprudence to form another system, or it may not be suitable for changing the management structure formed by history, so the problem is how to keep these three aspects consistent.

In addition, brokers and securities investment funds are supervised by the CSRC; Trust companies are supervised by CBRC; Industrial investment funds shall be managed by the State Planning Commission as a whole; And a large number of private equity funds are still in the regulatory blank area.

This means that under the same sky, doing the same business or actually doing the same business, just because the company category or enterprise name is different, it may belong to completely different legal constraints, belong to different authorities and accept different management.