Wang Yabin, member of the Party Committee and Vice Chairman of the China Trust Industry Association, said at a seminar on the high-quality development of the trust industry today that all trust agencies should strictly abide by their fiduciary duties, abandon short-term thinking, closely integrate ESG concepts with the original trust business, rely on the advantages of the trust system, develop ESG specialty products adapted to different scenarios, effectively serve national strategies, and benefit people's livelihood development. Furthermore, we must resolutely resist formalized ESG, strictly prevent false green businesses, and establish a firm compliance management bottom line, etc.

Wang Yabin, member of the Party Committee and Vice Chairman of the China Trust Industry Association, said at a seminar on the high-quality development of the trust industry today that all trust agencies should strictly abide by their fiduciary duties, abandon short-term thinking, closely integrate ESG concepts with the original trust business, rely on the advantages of the trust system, develop ESG specialty products adapted to different scenarios, effectively serve national strategies, and benefit people's livelihood development. Furthermore, we must resolutely resist formalized ESG, strictly prevent false green businesses, and establish a firm compliance management bottom line, etc.