不动产信托试点覆盖9地 信托制度破解“房产富人”变现难题

Core Viewpoint - The recent expansion of real estate trust property registration trials in China aims to address the "silver economy" needs driven by the aging population and policy incentives, facilitating "housing for elderly" solutions through institutional innovation [1][3]. Group 1: Expansion of Real Estate Trust Registration Trials - As of now, nine cities including Beijing, Shanghai, Guangzhou, and Xiamen have initiated real estate trust property registration trials, following Beijing's lead in December 2024 [3][4]. - The pilot program in Beijing has been extended until December 31, 2028, to further optimize policies and broaden their impact [4]. Group 2: Benefits of Real Estate Trusts - Real estate trusts allow elderly individuals to convert their rigid real estate assets into stable, sustainable cash flow for retirement, addressing the issue of "wealthy in property, poor in cash" [5][6]. - The system ensures that elderly individuals can specify their care preferences in trust contracts, safeguarding their assets from mismanagement due to cognitive decline [6][7]. Group 3: Practical Applications and Innovations - The first real estate trust pre-registration certificate was issued in Guangzhou on July 18, 2025, marking a significant milestone in the implementation of this system [4]. - Specific cases, such as the "Xiamen Trust - Happiness Enjoyment No. 1 Family Service Trust," illustrate how real estate trusts can provide stable income through property rental while ensuring asset inheritance for future generations [6][7].