Research Optimization Design Of Internal Control System Of Trust Companies Under The New Regulations Of Assets Management

In recent years,China has been exploring the economic development model according to its national conditions,and the economy has entered a new normal period.The development concept has gradually changed from the pursuit of rapid development in the past to the pursuit of high-quality development.With the prosperity of China's economy and financial industry,the asset management business has also entered a high-speed,large-scale development stage.However,in the past,there was no unified standard for asset management business to supervise and manage,which led to problems such as irregularities in some businesses and evasion of financial supervision.Therefore,the draft issued after the deepening reform meeting in March 2018 pointed out that it is necessary to uniformly implement supervision in accordance with the types of asset management products,implement fair and open market access and supervision,and minimize the regulatory gap and the arbitrage space of financial institutions.Promote the standardization and orderly development of asset management business.Based on this requirement,the National Reform Commission issued the “Guiding Opinions on Regulating Asset Management Business of Financial Institutions(Draft for Comment)” in November 2017,that is,the “New Regulations for Asset Management” draft for comments,in advance for each asset management business.Financial institutions are taking vaccinations,and they are also preparing for the implementation of new regulations by enterprises.In April 2018,the "Guiding Opinions on Regulating Asset Management Business of Financial Institutions" was officially promulgated and implemented.The size of the Y-trust company selected in this paper has grown rapidly and was the focus of national regulatory agencies in 2018.At the same time,due to the promulgation of the “new regulations for asset management”,trust companies must strictly follow the requirements of the regulations to improve their own business,and will have different degrees of influence on the internal control of trust companies.Therefore,in order to establish an effective internal control system for trust companies under the “New Regulations for Asset Management”,Y Company is used as a research object for in-depth analysis.After reviewing the internal control at home and abroad and the “new regulations for asset management”,this paper defines the related theories of internal control and the related concepts of “new regulations for asset management”,which provides the theory for the case analysis part of this paper support.Then,the basic situation,internal control system and business process of Y Trust Company were investigated in depth,and it was found that the internal control defects under the “new regulations of asset management” and suggestions for improvement of key nodes of internal control were proposed.Finally,on this basis,summarize the main points and form a principle proposal to extend the experience to the entire trust industry.Through the research on the internal control and the related theory of “new rules and regulations” and the analysis of the internal control system of Y Company,this paper has obtained the improvement plan of Y Company under the “New Regulations for Asset Management” and formed related The principle proposal provides an idea for the trust industry to improve the direction of the internal control system under the new asset management regulations.