In 2018，profound changes has occurred in the macro-situation and policy environment of trust industry. Policy orientation has been balanced among multiple objectives and industry development trend kept changeable. At the same time，the establishment of a unified regulatory framework has opened the era of mixed operation. For trust companies，the development trend in this year is totally different from that in the past. Not only has business performance declined for the first time since 2010，but also new changes have taken place in the regulatory environment of the industry，which may even reshape the industry ecology，change the business structure，internal growth logic and strategic layout of the industry. Under such changes，the development of trust industry needs to pay more attention to the construction of active management capacity，including wealth management capacity，risk prevention and control capacity，and the strengthening of service functions.