This article introduces the case of the Anxin Trust v. Kunshan Chungao, which draws the attention of the whole trust industry because of its new type and high professionalism. This article analyzes the current status and the trial logic of the judicial practice, as well as the main function and responsibility of the jurisdiction. The conclusion is that the trust industry should not be so optimistic with the enlightenment this case can bring. This article also discusses the identification standard of yin and yang contract (complementary agreement under the table), the validity of the guarantee contract in judicial practice, and puts forward some further thinking caused by this case. <<