信托业作别高利：规模创历史新高，利润同比减少46%

Core Insights - The trust industry in China is undergoing a significant transformation, with total trust assets reaching 29.56 trillion yuan in 2024, marking a 23.58% increase from the end of 2023 [3][5] - Despite the growth in asset scale, the industry's profit has sharply decreased to 23.09 billion yuan, down 192.87 billion yuan from the previous year, indicating a potential threat to long-term industry development [3][4] Industry Overview - The trust asset scale has shown a notable increase, with a growth of 2.56 trillion yuan or 9.48% from mid-2024, and a total increase of 5.64 trillion yuan from the end of 2023 [3][5] - The trust industry is shifting from a focus on financial intermediation and asset management to an asset service-oriented model, reflecting a strategic adjustment to market demands [3][4] Business Segmentation - The "three classifications" of trust business have been implemented, categorizing them into asset service trusts, asset management trusts, and public welfare trusts, with a focus on wealth management services [6][7] - Wealth management service trusts dominate the business classification, accounting for 76% of the 25 categories, with family trusts and insurance trusts showing significant balances [7] - Risk disposal service trusts have rapidly expanded, with a balance of 24.1 trillion yuan, becoming the largest segment within asset service trusts [7] Financial Trends - The proportion of funds directed towards the securities market has significantly increased, with a total of 10.27 trillion yuan in 2024, up 55.61% from 6.60 trillion yuan at the end of 2023 [5] - The asset management trust business has shown mixed results, with a total scale of 11.39 trillion yuan, while equity trust plans have decreased by 16.73% [7] - The number of registered public welfare trusts has reached a new high, with 539 charitable trusts recorded nationwide [7]