Frequent financial risks and new regulatory framework of asset management has been initially formed in 2020，catalyzing profound changes in the asset management industry and business structure. In order to actively promote the high-quality development of the trust industry and prevent or defuse risks，the regulatory authorities continue to strengthen the institutional supervision，functional supervision and behavioral supervision of trust companies from the aspects of corporate governance，business norms and transformation，and protection of consumer rights and interests. Looking ahead，trust company governance will be further improved，and the development of asset securitization，standard financial assets investment，wealth management and other business transformation will be further deepened. In this process，the risk control ability of the trust industry faces continuous challenges，and it is necessary to improve the internal control of the company，enhance the product management capability，and strengthen the construction of financial technology.