华信信托破产重整获批

Core Points - Huaxin Trust has been approved for bankruptcy reorganization by the National Financial Supervision Administration, marking a significant development in its ongoing risk resolution process [1][2] - The company has faced challenges since being classified as a high-risk trust company in late 2019, leading to regulatory interventions and multiple delays in trust product repayments [2][3] Group 1: Bankruptcy Reorganization - On November 28, Huaxin Trust's bankruptcy reorganization application was approved, allowing the company to enter bankruptcy proceedings [1] - The court officially accepted the bankruptcy reorganization on the same day, with the company required to comply with legal regulations and report significant developments to the Dalian Regulatory Bureau [1] - The bankruptcy process is part of a broader risk resolution strategy that has been ongoing for nearly six years [2] Group 2: Trust Beneficiary Rights Transfer - As part of the risk resolution, Huaxin Trust announced the transfer of trust beneficiary rights to Dalian Anding Enterprise Management Co., which began acquiring eligible personal investor trust beneficiary rights [1] - By September 24, 2023, 3,004 individual investors had signed contracts for the transfer, achieving a signing rate of 95.5% [2] - Previous attempts to resolve the trust's financial issues included two rounds of beneficiary rights transfers in 2021 and 2022, resulting in a total repayment of 9.2% of the principal, with 90.8% still extended [2][3] Group 3: Industry Context - Huaxin Trust is the second trust company to enter bankruptcy reorganization in recent years, following Sichuan Trust, which was approved for bankruptcy proceedings in April 2024 [3] - The trust industry has seen other bankruptcy cases, including Xinhua Trust, which was approved for bankruptcy liquidation in June 2022 [3]