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Core Viewpoint - The expansion of real estate trust property registration pilot cities in China is expected to enhance the management and transfer of trust assets, potentially unlocking over 30 trillion yuan in trust assets [1][2]. Group 1: Real Estate Trust Property Registration - The recent notification from Jiangsu financial regulatory authorities indicates that Nanjing and Suzhou will join the list of cities conducting real estate trust property registration trials [1]. - Real estate trust property registration involves the legal registration of property transfers and trust content by authorized institutions, clarifying ownership and achieving risk isolation [1]. - This system addresses long-standing issues such as unclear property rights and limited risk isolation functions, facilitating the transition of trusts from exclusive tools for high-net-worth individuals to inclusive wealth management vehicles [1]. Group 2: Trust Asset Management Scale - As of June 2025, the total trust asset management scale in China is projected to reach 32.43 trillion yuan, reflecting a year-on-year growth of 20.11%, making it the third-largest asset management category after insurance and public funds [2]. - Trusts serve as effective property management tools, allowing clients to arrange and allocate their assets in advance, particularly in family inheritance scenarios [2]. Group 3: Challenges and Recommendations - Despite the progress, challenges remain in the real estate trust registration process, including the need for legislative improvements to clarify operational rules and requirements [3]. - Recommendations include revising the Trust Law and related regulations to provide clearer legal foundations for real estate trust property registration [3]. - There is a call for specific trust tax policies to address issues of double taxation during the establishment, maintenance, and termination phases of trust properties [3].