A salon with the theme of “Change and Development Under the Circumstance of New Normal” was held in Beijing recently. Xu Wen, Deputy Director General with Trust Companies Supervision Department of CBRC, Wang Lijuan, Vice Chairman of CTA, Chen Yanmei, Secretary General of CTA, several board chairmen and general managers from 14 trust companies attended the salon. Topics of this salon included adjusting the positioning of trust industry, broadening the market for trust business, standardizing and advancing the sales of trust products, innovating ways of marketing, amending relevant laws and rules, and guiding trust industry to develop in a normalized way, all of which were  common concerns among trust companies across China .

Mr. Xu gave favourable comments on this salon. He said, he was delighted to have the opportunity to communicate with the executives from trust companies face to face and collected advices and suggestions from the frontline of the industry. He suggested that CTA can take various forms in organizing similar activities from time to time bearing in mind to the principle of parsimony. He believed that it is a good way to encourage trust-related issues expressed and feasible suggestions raised.

Ms. Wang said that in 2015, CTA would take further steps to heighten its services, to strengthen the communications and exchanges among companies, to work together with CTA members to discuss difficulties and challenges faced by the trust industry during its development and explore approaches to address those difficulties. Members from trust companies, experts from trust communities and specialists from other sectors would be invited to salons so as to make in-depth and all-round communications. Besides salons for executives, there would also be salons for business departments, managers of middle-stage and back-stage, infrastructure builders for trust companies, etc. The initial session for that day was undertaken by China Credit Trust; other trust companies would take turn to undertake salons in accordance with their own preference of themes. Trust companies’ aspirations and wishes expressed in salons as well as other activities would be collected and compiled into a series of “Trust Suggestion”. The series would be used by CTA on behalf of trust industry for reflecting issues and troubles hindering trust industry’s innovation and development while at the same time tabling proposals for improving policies, legislations as well as norms governing trust industry to regulatory departments.