信托行业2024年成绩单披露，资产规模逼近30万亿元！盈利几近腰斩

Core Insights - The report aims to enhance the awareness of social responsibility within the trust industry and promote harmonious development with the economy and society [1] Industry Overview - As of the end of 2024, there are 67 approved trust companies managing a total trust asset scale of 29.56 trillion yuan, marking a historical high [3][4] - The trust industry achieved operating income of 94.036 billion yuan and a total profit of 23.087 billion yuan in 2024, reflecting a significant decline in profit compared to the previous year [4] Business Structure and Trends - Under the new "three classifications" regulations, the trust industry is undergoing a transformation, leading to an optimization of business structure and a decline in traditional high-yield businesses [1][4] - The scale of capital trusts reached 22.25 trillion yuan by the end of 2024, a year-on-year increase of 28.02%, accounting for 75.27% of the total managed assets [3] - The allocation of capital trust funds has increasingly favored the securities market, which now represents over 46% of the total capital trust scale, with investments in this area growing by 55.61% year-on-year [3][4] Profitability Challenges - The trust industry's profit nearly halved, dropping by 45.52% from 2023, attributed to the impact of real estate risk project resolutions and the transition challenges posed by the new regulations [4][5] - The industry is experiencing a shift towards "light capital operation and heavy entrusted services," necessitating a focus on the development of transformation-related businesses and optimization of business structures [8] Regulatory Environment - The "three classifications" regulation, which categorizes trust business into asset service trusts, asset management trusts, and charitable trusts, is set to have a three-year transition period ending in June 2026 [7] - The new management measures for trust companies will take effect on January 1, 2026, requiring further adjustments in business scope, qualifications, governance, and risk management [7] Future Outlook - The trust industry is expected to continue its transformation, with a focus on enhancing service attributes and exploring niche opportunities for profit maximization [8] - Asset management trusts are anticipated to remain the primary source of profitability for trust companies in the foreseeable future, as the industry adapts to technological advancements and evolving market demands [8]