北京之后，不动产信托登记落地上海，全国推广“窗口期”待启

Core Insights - The successful registration of real estate trusts in Shanghai marks a significant advancement in the implementation of trust registration, following Beijing's lead [2][3] - The new real estate trust models cater to diverse needs, including family wealth inheritance and elderly care, showcasing the unique value of trust services in meeting public demands [2][3] Group 1: Real Estate Trust Registration - Shanghai has launched its first real estate trust registration cases, with Shanghai Trust and Aijian Trust each completing a registration [2][3] - The registration signifies a breakthrough in the real estate trust registration system, expanding its application to various scenarios [2][3] Group 2: Differentiated Trust Models - The Shanghai trust model includes a "real estate + cash" mixed asset family service trust, differing from Beijing's focus on special needs and charity [3][4] - Aijian Trust's project addresses the needs of elderly individuals, allowing them to secure their housing and ensure wealth transfer to relatives [4][5] Group 3: Regulatory Framework and Innovations - The Shanghai Financial Regulatory Bureau's recent notification emphasizes the design of trust services around various scenarios, including elderly care and family services [6][7] - The involvement of the tax authority in the notification indicates a consideration of tax policies' impact on real estate trust registration [6][7] Group 4: Industry Implications - The successful implementation of real estate trust registration in major cities is expected to create a ripple effect, encouraging similar initiatives in other regions [7] - The registration system is anticipated to play a crucial role in revitalizing existing assets and addressing the needs of an aging population [7][8]