In 2021，the total assets in the trust industry is 20.55 trillion RMB，which stops falling and rebound for the first time in the past five years，the structure of trust assets has transformed significantly，however，overall risks of the trust industry are still under the progress of emerging and clearing. In particular，the liquidity risk of the real estate industry has increased. The overall non-performing assets and non-performing rate of the trust industry increased significantly，far higher than the level of non-performing financial institutions in the same period. The pressure of stock risk disposal of trust companies is significant，and the asset risk situation remains severe as past years. This article summarizes the current situation of risk management，non-performing assets distribution、lawsuits and cases of risk incidents、disposal and resolution of non-performing asset、key tasks of risk management of innovative business transformation in the trust industry in 2021，to increase the awareness of risk prevention and comprehensive risk management capabilities，in order to achieve stable growth and risk prevention、structure adjustment and innovative business transformation.