Although China's trust products have constantly come across honoring risks since the beginning of this year, eventually they have all gained "rigid honoring". From the view of ANBOUND’s research team, the macro risks during the economic transformation and the overall switch of the real estate industry have together tolled the bell for “rigid honor” of trust products. More than a hundred years ago, it is the bankruptcy of individual investors caused by big enterprises’ falling down that led to the popular acceptance of limited liability companies among the western countries, whereby modern corporate system and financial industry were established. When China’s trust industry is collapsing aligning with the bankruptcy of a bulk of investors, we hope that a more improved market system which includes default and exit mechanism can emerge from those shambles. Meanwhile, investment decisions with more reasonably judging risks and value are also expected.