The State Financial Supervisory Administration issued a notice on the issuance of the “Administrative Measures on Trust Companies Carrying Out Trust Business in the Real Estate Sector”. Among them, it is stated that trust assets obtained by a trust company managing the real estate trust business should be distributed in full to the beneficiaries after deducting the trustee's remuneration and trust expenses clearly agreed in the trust documents. It is strictly prohibited to classify trust property proceeds as inherent property, advance the principal amount or property proceeds of trust business by misappropriating other trust assets, etc.

The State Financial Supervisory Administration issued a notice on the issuance of the “Administrative Measures on Trust Companies Carrying Out Trust Business in the Real Estate Sector”. Among them, it is stated that trust assets obtained by a trust company managing the real estate trust business should be distributed in full to the beneficiaries after deducting the trustee's remuneration and trust expenses clearly agreed in the trust documents. It is strictly prohibited to classify trust property proceeds as inherent property, advance the principal amount or property proceeds of trust business by misappropriating other trust assets, etc.