The China Banking Regulatory Commission (CBRC) has announced the Measures for the Supervision and Administration of Trustee Services of Commercial Banks (Trial Implementation), which will come into effect on February 1st next year.

On December 12th, the China Banking and Insurance Regulatory Commission announced the Measures for the Supervision and Management of Commercial Banks' Custody Business (Trial), which will be implemented starting from February 1, 2026. It stipulates that commercial banks conducting custody business must not engage in the following behaviors: commingling the management of custodial and proprietary assets, mingling the management of assets held by different custodial products, embezzlement or misappropriation of custodial product assets, illegal use of internal information for improper gains, using or promising to use custody business for bribery or exchanging benefits, and other behaviors prohibited by laws, regulations, and regulatory requirements. Commercial banks should evaluate the capital strength, corporate governance, compliance management, risk control, information disclosure, and market influence of the product manager, as well as the transaction structure, investment targets, exit methods, and valuation methods and strategies of the product. The original text includes detailed provisions on the responsibilities, risk management, internal controls, valuation of assets, disclosure of information, and supervision of the custody business of commercial banks, as well as the requirements for information systems, internal audits, and external audits.