股权信托有望开创服务民营经济新范式

Core Viewpoint - The recent passage of the "Private Economy Promotion Law" and the introduction of equity trust registration in China signify a major advancement in supporting the private economy, particularly through the development of tailored financial products and services for private enterprises [1][2]. Group 1: Legislative Developments - The "Private Economy Promotion Law" was approved, mandating financial institutions to develop market-oriented financial products for the private sector [1]. - Beijing initiated the first equity trust property registration, establishing operational guidelines and marking a significant step towards the large-scale development of equity trusts [1]. Group 2: Benefits of Equity Trusts - Equity trusts can address governance issues in private enterprises, such as unclear rights and responsibilities, by separating personal and corporate assets, thus ensuring operational stability [2]. - They provide a structured approach to wealth transfer across generations, allowing private entrepreneurs to allocate shares among family members and establish performance-based incentives for successors [3]. - Equity trusts enhance capital operation capabilities, meeting diverse financing needs and facilitating mergers and acquisitions while also enabling flexible employee incentive plans [3]. Group 3: Future Outlook - The continued refinement of equity trust systems is expected to foster innovation and strengthen the internal dynamics of the private economy, promoting sustainable growth for private enterprises [4].