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Professor Xi Yuemin Gives Lecture on the Path Choice of the Legislation on the Regulation of the Trust Industry at Henan University

Professor Xi Yuemin, Head of Economic Law Department of CASS Law Institute and Deputy Dean of the Law Faculty of CASS Graduate School, gave a lecture entitled “the Path Choice of the Legislation on the Regulation of the Trust Industry in China” at the Law School of Henan University in Kaifeng City, Henan Province on the afternoon of June 8, 2019.

In the lecture, presided over by Professor Lou Binglu, the head librarian of the Library of Henan University, Professor Xi mainly discussed the following three aspects of the reform of the trust industry supervision system and the related legislative issues in China: first, the localization study based on different concepts of trust, such as commercial trust, financial trust and business trust, which establishes the criteria for the definition of “the trust industry”; second, a holistic reflection on problems in the legislation on the regulation of the trust industry in China on the basis of a comprehensive examination of current system of trust laws and regulations. And third, a call for the adoption of the Law on Trust Industry on the basis of the examination the possible path choices of legislation on the regulation of the trust industry. He stressed that the adoption in a timely manner of a law on the trust industry suited to the mix operational mode has become the highest priority in the reform of the regulation of the trust industry and its standardized development in China. After the lecture, Professor Xi answered the questions raised by the audience on such issues as the protection of trust beneficiaries, land trust and the dilemma faced by China in the revision of the Trust Law.