天津：不动产信托让存量资产活起来

Core Viewpoint - The 20th Central Committee of the Communist Party emphasizes "promoting high-quality development of real estate," with Tianjin initiating a pilot program for real estate trust property registration, successfully launching the first four real estate trust projects, indicating broader recognition and application of the real estate trust system [1] Group 1: Real Estate Trust Pilot in Tianjin - Tianjin's pilot program for real estate trust property registration focuses on revitalizing idle assets, distinguishing it from practices in cities like Beijing and Shanghai, and aligning with local characteristics of high state-owned enterprise ratios and slow capital circulation [2] - The North Trust, as Tianjin's only state-owned trust company, has quickly launched three "revitalization" real estate trusts targeting the needs of enterprises to consolidate scattered real estate assets, providing a new solution for improving the operational efficiency of state-owned assets [2][3] Group 2: Innovative Applications of Real Estate Trusts - The pilot program has introduced a "retirement" series of real estate trust services aimed at meeting diverse needs, allowing individuals to use their properties for retirement security, thus transforming real estate into a sustainable source of support for future generations [4] - The pilot not only addresses the challenge of property rights registration in the real estate trust sector but also significantly expands the application scenarios and functional boundaries of trust services, showcasing the potential of the trust system in promoting economic and social development [4][5] Group 3: Future Developments - Tianjin is actively advancing real estate trust property registration for asset disposal and rural revitalization, aiming to build a multi-layered trust product system that serves the real economy and social welfare [5]