信托业重磅：单一非标资产的时代结束

Core Insights - The era of single non-standard asset investment in the trust industry has ended, as mandated by the China Trust Registration Company, requiring trust companies to implement portfolio investment strategies starting September 1 [1][2] - This shift indicates a significant transformation in the wealth management industry, necessitating upgrades in product design, risk management, and customer service systems [1] - The new policy aims to mitigate systemic risks and promote industry standardization, marking a critical step towards proactive management transformation in the trust sector [2] Industry Changes - Trust companies must transition from relying on single financing entities to diversified portfolio investments, which will increase complexity and management challenges for non-standard trust products [1] - The move towards portfolio investment is seen as a response to regulatory guidance aimed at returning the trust industry to its foundational principle of fiduciary responsibility [2] - Although the transition may lead to short-term business contraction and transformation pains, it is expected to foster a more stable and sustainable industry in the long run [2]