只争朝夕 信托业分类改革正当时

Core Viewpoint - Regulatory authorities are advancing the classification reform of trust business, aiming to categorize trust operations into three new types: asset management trusts, asset service trusts, and public/charitable trusts [1][2]. Group 1: Reform Details - The upcoming consultation draft for the business classification reform is expected to be released soon, marking it as a key focus for the trust industry in 2022 [1]. - The reform is seen as essential for the transformation and upgrading of the trust industry, which is currently in a critical phase of development [1]. Group 2: Historical Context and Current Trends - The first classification standard for trust business was published in 2014, categorizing trust operations across nine dimensions, which included various types of trusts and management styles [1]. - The existing classification method has overlapping categories and fails to accurately reflect the essence of trust business, making it difficult for industry professionals and ordinary investors to navigate [1]. - Since the implementation of the asset management new regulations, the trust industry has been under strict supervision, leading to a continuous reduction in asset scale [2]. - As of the end of Q3 2021, the total balance of entrusted trust assets was 20.44 trillion yuan, a decrease of 22.11% from the peak in Q4 2017 [2]. - The scale of financing trusts was 3.86 trillion yuan, showing a year-on-year decline of 35.13% and a quarter-on-quarter decline of 6.57% [2]. - The classification of "asset management trusts, asset service trusts, and public/charitable trusts" is emerging as a straightforward and positive standard in response to regulatory requirements [2].