I. Inherent business supervision
For the inherent business, the regulatory authorities have clear regulations on the use of inherent funds. The overall purpose is to relatively isolate the inherent business from the trust business and prevent the trust company from harming the interests of the client. Trust companies can carry out interbank deposits, loan trade, loans, leasing, investment and other businesses under their inherent business. Among them, the investment business is limited to equity investment of financial companies, investment in financial products and investment in self-use fixed assets. When a trust company participates in a private equity investment trust plan, its inherent capital shall not exceed 20% of its net assets, and its share shall not exceed 20% of the trust plan property; However, during the existence of the trust, the beneficiary right shall not be transferred, nor shall the beneficiary right be directly or indirectly used as the financing target, and the amount of capital contribution and the responsibilities assumed shall be clearly defined in the trust documents.
Two. Supervision of trust business operation
Trust companies, as trustees, carry out trust business, which can be divided into four links: design, marketing, management and liquidation. "One Law and Two Regulations" defines the functions of trust companies as professional financial institutions, so trust business is the main business of trust companies, and the innovative development of trust business is the key to enhance the core competitiveness of trust companies. Prudent supervision of the above four aspects of trust business of trust companies has become the top priority of the supervision of trust companies' business behavior.
Third, business access supervision.
Business access mainly refers to the regulatory measures taken to implement the regulatory policy of "classified supervision, supporting the superior and limiting the inferior" and promote the healthy development of trust companies. The regulatory authorities shall, in accordance with relevant laws, policies and administrative licensing procedures, examine and approve the qualifications of trust companies to apply for related businesses, and ensure the prudent development of various businesses of trust companies.
The regulatory authorities take access measures for businesses that are innovative, have specific requirements for institutions that conduct business or have a great impact on the development of the trust industry. At present, the trust businesses that need separate approval mainly include special purpose trust (i.e. asset securitization), entrusted overseas wealth management business (i.e. QDII), charitable trust, annuity trust and private equity investment business (PE). For innovative business, on the basis of "paying equal attention to standardization and development, cultivating and preventing risks", the regulatory authorities effectively prevent innovative business risks on the one hand, and support and encourage trust companies to carry out financial innovation on the other.