In 2014-2015，Trust industry supervision shows the characteristics of a new stage. The new regulatory framework with clear idea and methods has shaped initially. And Some favorable conditions for the industry operation have been created by regulation actions. Trust industry has been in the slow and stable growth path. Setting some basic and matched laws and rules has already entered into the agenda. However，the trust regulation transformation and upgrade will face more barriers，since the umbrella trust regulation problem has been exposed in the stock market crash event in the mid-2015，and the institutional conflicts between the mixed operation and the separate supervision. In the same time，it’s necessary to reinforce the micro foundation of trust industry supervision，and to avoid some appear in some regulatory limbo.