Article 2 The term "entrusted overseas wealth management business" as mentioned in these Measures refers to the business activities that domestic institutions or individual residents (hereinafter referred to as clients) entrust legally owned funds to a trust company to set up a trust, and the trust company conducts specific wealth management product investment and asset management overseas in its own name in the manner agreed in the trust documents. Investment income and risks shall be borne by the relevant parties in accordance with the provisions of laws, regulations and trust documents.
Article 3 A trust company shall abide by the relevant laws and regulations at home and abroad and the provisions of these Measures when conducting entrusted overseas wealth management business, and take practical and effective measures to strengthen relevant risk management.
Article 4 China Banking Regulatory Commission (hereinafter referred to as China Banking Regulatory Commission) is responsible for the access management and business management of overseas wealth management business entrusted by trust companies. The State Administration of Foreign Exchange (hereinafter referred to as the State Administration of Foreign Exchange) is responsible for the foreign exchange management involved in the overseas wealth management business entrusted by trust companies.