The China Banking and Insurance Regulatory Commission issued a decision on amending certain regulations.

The China Banking and Insurance Regulatory Commission has issued a decision to amend certain regulations. Among them, a new provision is added to Article 57 of the "Interim Measures for the Equity Management of Trust Companies," as the fourth provision: "If a trust company establishes an audit committee composed of directors in the board of directors to exercise the functions of the board of supervisors as stipulated in the company's articles of association, there is no need to establish a board of supervisors." This decision shall come into effect from the date of its announcement. The "Rules for the Administration of Trust Companies," the "Interim Measures for the Equity Management of Trust Companies," and the "Measures for the Management of Related Party Transactions of Banks and Insurance Institutions" shall be modified accordingly based on this decision and reissued.