In recent years，as relevant regulations and guidelines that conduct great influences on family trusts established，such as new regulations on asset management，the family trust legal system based on the “Trust Law” has been continuously supplemented and perfected in mainland China. In comparison to the international trust legal environment，however，there is still a lack of detailed requirements in specific，for example the corresponding registration system and taxation system；the enactments and improvements are still in need. Based on the fact that the trust legal system is an “imported product”，its “transplantation” and “localization” might require certain process；learning from the advanced international experiences may greatly influence China’s development of trust laws and regulations. Japan has provided valued experiences to China in this aspect，which does not completely adopt the civil trust-oriented model of Britain，but actively absorb the commercial trust-based model of the United States，so as to continually revise the existing legal system of trusts and manifest their own features in the process of localization. China should tackle the irregularities in trust development，further modify and introduce innovations，in order to establish Chinese-charactered trust legal system which can merge with existing laws and be an organic part in the composition of the system.