政策密集出台绿色信托工具箱持续升级

Core Insights - Trust companies are playing a crucial role in connecting social capital with the real economy, particularly in the green trust sector, which has seen significant growth in both business scale and service capabilities this year [1] Green Trust Scale and Development - The rapid development of green trusts is driven by an improved policy framework and strong market demand, with the China Trust Industry Association releasing guidelines that clarify classification and disclosure standards for green trusts [1] - In 2024, the green trust sector saw 390 new projects, a year-on-year increase of 21.50%, with a total new scale of 177.944 billion yuan, and the total scale surpassing 300 billion yuan [1] Participation and Service Models - Trust companies are increasingly focusing on green business as a core transformation direction, with notable growth in the green trust scale among major firms like CITIC Trust and Foreign Trade Trust [2] - Green projects typically have long investment cycles and stable returns, prompting trust companies to innovate product structures and service models to better align with the needs of the green industry [2] Innovative Financial Products - Recent initiatives include the launch of the "Tianhe Green Power Industry Investment Trust Plan," which targets individual investors and aims to fund rooftop photovoltaic power stations, with a total investment exceeding 1.5 billion yuan [3] - The green trust product system has diversified, including green credit, green asset securitization, and new service models such as renewable energy subsidy securitization [3] Challenges and Professional Development - Trust companies face challenges such as structural imbalances and insufficient research capabilities, with traditional green credit still dominating the market [4] - There is a notable mismatch between the low returns on the asset side and high costs on the funding side, making it difficult for quality projects to secure financial support [4] Future Outlook - The development space for green trusts is expected to expand as the "dual carbon" goals are pursued, with recommendations for the trust industry to leverage its institutional advantages and enhance market competitiveness [5]