CNPCCCL(SZ:000617) 2 1 Shi Ji Jing Ji Bao Dao·2025-11-27 01:48Core Viewpoint - The conference highlighted the challenges and opportunities in the trust industry amid a low-interest-rate environment, emphasizing the need for strategic transformation and innovation in business models [1][4]. Group 1: Industry Challenges and Responses - The trust industry has faced significant challenges, described as "ice and fire," necessitating a proactive transformation approach [4]. - Since 2021, Kunlun Trust has ceased real estate channel business and government financing platform business, aligning with state-owned enterprise requirements [4][6]. - The company has focused on core responsibilities, particularly in the oil, gas, and energy sectors, to provide comprehensive financial services [6]. Group 2: Business Development and Performance - As of September 30, 2025, Kunlun Trust managed a trust scale of approximately 3,054 billion yuan, with a financial scale of 406.72 billion yuan [6]. - The company has provided funding and services totaling 1,138 billion yuan to the oil and petrochemical industry since its restructuring [6]. - Kunlun Trust has established nearly 20 pension service trusts, covering various asset forms, including funds, insurance policies, and equity [8]. Group 3: Innovation and Future Outlook - The company is developing a standardized asset business under the regulatory framework, with a product matrix covering cash management, pure debt, fixed income, and equity [7]. - Kunlun Trust has initiated nearly 20 knowledge property securitization trusts, totaling 400 million yuan, to support technology-driven SMEs [7]. - Looking ahead, the company aims to align closely with the energy sector, focusing on quality and scale while fostering innovation and collaboration [9].