Legal basis: Measures for the Administration of Trust Companies Article 5 China Banking Regulatory Commission shall supervise and manage trust companies and their business activities.
Article 133 of the Civil Code of People's Republic of China (PRC) * * * A natural person may make a will to dispose of personal property in accordance with the provisions of this Law, and may appoint an executor. A natural person may make a will to designate personal property to be inherited by one or more legal heirs. A natural person may make a will to donate personal property to an organization or individual other than the state, the collective or the legal heir. A natural person may establish a testamentary trust according to law.