30余万亿元信托资产盘活迎新机——不动产信托财产登记试点扩围

Group 1 - The core viewpoint of the news is the expansion of real estate trust property registration pilot cities in China, which is expected to enhance the management and transfer of trust assets, potentially unlocking over 30 trillion yuan in trust assets [1][2] - The newly added pilot cities for real estate trust property registration are Nanjing and Suzhou, following the initial cities of Beijing, Shanghai, Tianjin, Guangzhou, and Xiamen [1] - Real estate trust property registration aims to clarify ownership and achieve risk isolation, addressing long-standing issues related to unclear property rights and limited risk isolation functions in trusts [1][2] Group 2 - 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 tool after insurance and public funds [2] - The trust registration system has historically been inadequate, hindering the standardization of information disclosure and the recognition of property rights, which limits the effective functioning of trusts in risk isolation and public benefit [2] - Experts suggest that the expansion of the real estate trust registration system will lead to the coordinated design and improvement of related systems, such as non-transactional transfer systems and trust tax policies, aiming to facilitate trust transactions and reduce costs [2][3]