By the end of 2012, the assets under management of trust industry had already reached 7.47 trillion RMB, and had further strengthened its position in China's whole financial industry. The capital of trust companies has increased steadily, and the profitability has improved continuously. Judging from the source and types of trust assets, the ratios of collective and investment trust projects had declined for the first time since the third quarter of2012 . As for the use of collective trust funds, with the further implementation of real-estate regulations, the ratio of real estate trust is still lingering at a low level, while the ratio of infrastructure trust is quite stable, moreover, industry and commerce has attracted the largest proportion of trust capitals for the first time. Despite of all the progress made, trust industry will face many challenges in the future, such as exploring new business opportunities, further adjusting business structures and so on. As the CSRC and CIRC launched a series of new acts of asset management in 2012, the competition between trust and other asset management institutions has already become rather fiercer. At the same time, implicit guarantee, shadow banking and other controversial topics have attracted attentions from the whole trust industry. <<