华信信托风险处置接近尾声，超95%比例投资者签约

Core Viewpoint - The risk disposal process of Huaxin Trust is nearing completion after five years, with a high signing rate among investors for the trust beneficiary rights transfer contract [1][2]. Group 1: Signing Progress - As of September 24, 2025, 3,004 individual investors have signed the trust beneficiary rights transfer contract, achieving an overall signing rate of 95.5% [1]. - The signing window will officially close on September 25, 2025, at 16:30, after which any unregistered investors will forfeit their opportunity to sign [1][3]. - A small number of investors remain who have yet to sign the contract as of September 25, 2025 [1][3]. Group 2: Involvement of Local State Capital - On August 14, 2025, Huaxin Trust announced that Dalian Anding Enterprise Management Co., Ltd. would acquire the trust beneficiary rights of qualified individual investors by September 25, 2025 [2]. - Dalian Anding, established on July 31, 2025, has a registered capital of 10 billion yuan and is fully controlled by the Dalian Municipal Finance Bureau [2]. Group 3: Historical Context and Financial Impact - Huaxin Trust's risk disposal has been ongoing since April 2020, when its "fund pool" business was halted by regulators, leading to multiple product delays [5]. - Investors have received sporadic small percentage repayments, with the first transfer of trust beneficiary rights in June 2021 amounting to 5.2% of the principal [5]. - The total unpaid trust plan principal raised from social investors is approximately 7.08 billion yuan [6].