Legal basis:
Measures for the Administration of Trust Companies Article 51 Trust and investment companies shall formulate trust business and other business rules in accordance with regulations, establish and improve business management systems and internal control systems, and report them to the People's Bank of China for the record. A trust and investment company shall set up an internal audit department to audit and supervise its business activities. The internal audit department of a trust and investment company shall submit an internal audit report to the board of directors of the company at least once every six months, and send a copy of the above report to the People's Bank of China.