Innovation pathways in the regulatory system for green trusts
绿色信托监管制度创新路径

摘要

本文采用案例分析与规范研究方法，系统剖析了绿色信托监管在立法、执法及配套制度三个层面的核心困境。研究表明，立法层面高位阶统一法律的缺位、执法层面监管规则的模糊与陈旧、以及配套层面信息披露失真与多元共治机制的缺失，共同制约了绿色信托的健康发展。针对上述问题，本文提出应构建“法律-法规-规章-地方法规”多层次法律体系，细化具有可操作性的监管细则并引入大数据、区块链等智能化监管手段，同时完善ESG导向的信息披露与强制性第三方审查机制，以推动形成政府、市场与社会多元共治的“合作型”监管新格局。这些路径不仅为绿色信托监管提供了系统性的解决方案，也对完善我国绿色金融治理体系具有重要参考价值。

Abstract

This paper employs case analysis and normative research methods to systematically examine the core challenges in the regulation of green trust across three dimensions: legislation, enforcement, and supporting mechanisms. The study reveals that the healthy development of green trust is constrained by the absence of high-level unified legislation, ambiguous and outdated regulatory rules in enforcement, as well as distorted information disclosure and the lack of a multi-stakeholder governance mechanism at the supporting level. To address these issues, the paper proposes the establishment of a multi-tiered legal framework comprising "laws—regulations—rules—local regulations," the refinement of operable regulatory guidelines, and the introduction of intelligent regulatory tools such as big data and blockchain. Additionally, it recommends enhancing ESG-oriented information disclosure and mandatory third-party review mechanisms to foster a new "cooperative" regulatory paradigm involving government, market, and society in multi-stakeholder governance. These pathways not only provide systematic solutions for green trust regulation but also offer significant reference value for improving China ' s green financial governance system.