通州区区长助理林巍：财富传承市场积极增长 服务信托蓄势待发

Core Insights - The wealth inheritance market is experiencing strong "counter-cyclical" growth, driven by new demands for property protection and orderly transfer, which contrasts with challenges faced by traditional wealth management [1][2] Market Potential - The potential scale of the wealth inheritance market is estimated to reach approximately 450 billion, comparable to traditional asset management, due to the total wealth of resident households being around 600 trillion [2] - The annual asset transfer involved in this market is estimated at about 30 trillion, assuming a 20-year transfer cycle, with a comprehensive fee rate of 1.5% contributing to significant market space [2] Market Growth - The wealth inheritance service is characterized by the deep integration of legal, tax, and financial services, indicating substantial growth potential as this service model is still maturing [2] - The market exhibits unique "anti-downturn" characteristics, primarily influenced by demographic changes and intergenerational wealth transfer, with a low correlation to economic cycles [2] Practical Applications - The pilot program for real estate trusts has gained significant traction across various cities, reflecting local government enthusiasm and urgent market demand [3] - A case study highlighted the social value of real estate trusts, where a single mother established a trust for her son with special needs, ensuring effective asset transfer and risk isolation [3] Social Impact - The promotion of real estate trusts is making trust tools more accessible to ordinary families, significantly broadening coverage and demonstrating substantial "livelihood value" in scenarios like caring for disabled children and elderly individuals [4] - Community initiatives in Tongzhou District have successfully raised awareness about trust services, receiving positive feedback from residents [4] Future Directions - Equity trusts are emerging as another important direction for service trusts, focusing on private entrepreneurs to enhance corporate governance and ensure long-term stability, which is vital for economic stability and job security [4] - The current challenges include the need for improvements in the trust tax system, particularly concerning tax burdens during asset transfer, holding, and disposal [5] Collaborative Efforts - Various stakeholders are actively working to address challenges, including exploring charitable trusts and potential legal clarifications regarding trust entities [6] - Ongoing research by tax authorities aims to develop tax policies that align with public needs, indicating a positive trend towards optimizing the institutional environment for wealth inheritance [6] Conclusion - The wealth inheritance market demonstrates unique "counter-cyclical" resilience, with promising prospects for service trust development, necessitating collaboration among financial, legal, and tax sectors to build a sustainable wealth inheritance market system [6]