2021 will be the last year of the transition period for the new rules on asset management industries and the 20th anniversary of the enactment of the Trust Law. This special historical node determines the keynote of trust industry supervision this year. On the one hand，in order to successfully end the transition period，the tone of strict supervision of trust industry remains unchanged and local business reduction is continuously promoted. At the same time，problems on the subsidiaries and remote departments of trust companies set in the past begin to be rectified. On the other hand，in order to seek development and institutional dividend，the trust industry has strengthened its preparation for the assessment and revision of the Trust Law after legislation. In the past two years，trust industry has entered the critical battle stage of preventing and resolving major risks in the industry. Initial results have been achieved in the risk deposition of some high-risk companies. However，the industry risk level is still at a high level. Real estate market risk and local government debt risk are still important sources of trust industry risk.