信托业规模逼近30万亿元背后：转型成本挤压利润

Core Insights - The trust industry in China is experiencing significant growth, with total trust assets expected to reach 29.56 trillion yuan by the end of 2024, marking a year-on-year increase of 23.58% [1] - Despite the growth in asset scale, the industry's profit has sharply declined by 45.52% year-on-year, totaling 230.87 billion yuan in 2024 [2][3] - The industry is undergoing a transformation towards a more diversified and professional asset service model, moving away from traditional non-standard financing [1][3] Asset Scale Growth - By the end of 2024, the scale of fund trusts is projected to be 22.25 trillion yuan, reflecting a growth of 28.02% compared to the end of 2023 [2] - The proportion of fund trusts directed towards the securities market has significantly increased, reaching 10.27 trillion yuan, a year-on-year growth of 55.61% [2][6] - The investment in trading financial assets has risen to 14.08 trillion yuan, a 34.87% increase, accounting for 63.28% of total trust assets [2] Profit Decline - The trust industry's operating income for 2024 is reported at 94.036 billion yuan, with profits experiencing a drastic decline of 45.52% [2][3] - The shift towards asset service trusts, characterized by lower fees, is impacting overall profitability [3] Business Structure Optimization - The administrative management service trust sector is expanding, with a total scale of 18.18 trillion yuan by the end of 2024 [4] - The asset management trust business has reached 11.39 trillion yuan, indicating a focus on optimizing business structures [4] Asset Management Trust Performance - Fixed income trust plans primarily target bond assets, with 9.15 trillion yuan allocated to securities market bonds, representing 41.12% of the industry’s fund trust scale [5] - Equity trust plans have seen a decline, with a total of 696.76 billion yuan, down 16.73% year-on-year [5] Charitable Trust Development - The charitable trust sector is thriving, with 539 new charitable trusts registered, focusing on education, elderly assistance, poverty alleviation, and rural revitalization [6] - The total balance of charitable trust assets is reported at 4.965 billion yuan, reflecting the industry's innovative approaches to attract more participants [6] Future Outlook - The trust industry is encouraged to align with national strategies and enhance service to the real economy, improving financial resource efficiency [6] - Companies are advised to adopt differentiated strategies and explore new business paths to meet diverse client needs [6]