厦门入局不动产信托登记试点 破局资产传承困局

Core Viewpoint - Xiamen has become the fourth city in China to launch a pilot program for real estate trust property registration, following Beijing, Shanghai, and Guangzhou, aiming to address asset inheritance challenges and enhance the service functions of the trust system in areas such as elderly care and public welfare [1][2]. Group 1: Pilot Program Details - The pilot program, titled "Xiamen City Real Estate Trust Property Registration Pilot Program," was jointly issued by multiple local government departments, including the Xiamen Financial Supervision Administration [1]. - The program introduces innovative measures, allowing for the registration of various trust-related activities, such as additional delivery of real estate to trust property, using trust funds to purchase real estate, changing trustees, and altering beneficiaries [1]. - A detailed process has been designed for seven major registration reasons, with a "guideline-style" operational instruction to facilitate the registration process [1]. Group 2: Market Implications - The pilot program broadens the definition of real estate trust property registration, enabling the separation of ownership, management, and beneficiary rights, which helps mitigate risks and achieve wealth inheritance [2]. - Following the initial notification from Beijing in December 2024, the pilot programs in Shanghai, Guangzhou, and now Xiamen indicate a growing trend towards real estate trust property registration across major cities [2]. - Future expansions of real estate trust property registration are expected to prioritize regions with dense real estate and solid pilot foundations, such as the Yangtze River Delta, while also enhancing supporting systems like tax incentives and judicial frameworks [2].