Core Insights - The trust industry in China is entering a new phase of rapid growth, particularly in the securities trust sector, with total trust assets expected to approach 30 trillion yuan by the end of 2024, reflecting a year-on-year growth of over 20% [1][2] - Securities market investments are the main driver of this growth, with funds directed towards the securities market (including stocks, funds, and bonds) exceeding 10 trillion yuan, accounting for nearly 50% of total trust assets [1][4] Industry Scale - As of the end of 2024, the total scale of the trust industry is projected to reach 29.56 trillion yuan, an increase of 5.64 trillion yuan from the end of 2023, representing a growth rate of 23.58% [2] - The trust industry has seen significant growth from 3.04 trillion yuan in 2010 to 26.25 trillion yuan in 2017, followed by a contraction during the regulatory transition period from 2018 to 2020, where assets fell to 20.49 trillion yuan [3] Shift in Investment Focus - There is a notable shift of trust funds towards the securities market, with the total amount invested in this sector rising from 6.6 trillion yuan at the end of 2023 to 10.27 trillion yuan by the end of 2024, marking a substantial increase of 55.61% [4] - The proportion of trust funds allocated to the securities market has reached 46.17%, making it the largest investment area for trust funds, with 1.12 trillion yuan specifically directed towards stocks and funds [4] Active Management Development - The trust industry is undergoing a transformation, with a need for enhanced active management capabilities as more wealth shifts towards the securities market [6] - The demand for equity and bond assets is increasing, driven by a decline in the investment appeal of real estate and fluctuating risk-free returns, necessitating improvements in talent, structure, and operational systems within trust companies [7]
超10万亿元 信托资金涌向证券市场
Shang Hai Zheng Quan Bao·2025-06-04 19:18