Shang Hai Zheng Quan Bao·2026-01-05 22:58Core Viewpoint - The trust industry is accelerating its move towards regulation in 2025, with significant penalties imposed on several trust companies for various compliance issues [1][10]. Group 1: Regulatory Penalties - A total of 9 trust companies were penalized in 2025, with fines exceeding 17 million yuan, including 3 fines over 4 million yuan each [1]. - Notable penalties include Huaneng Trust fined 385,000 yuan for violating credit information regulations [2][3], and AVIC Trust fined 300,000 yuan for providing financing to non-compliant projects [4]. - Zhongxin Trust faced a fine of 6.6 million yuan for multiple compliance failures, including improper project management and financing practices [2][6]. Group 2: Compliance Issues - The penalties highlight issues in due diligence, project management, corporate governance, and information disclosure, indicating a shift from the previously lax development model in the trust industry [1][5][9]. - Companies like Guoyuan Trust and Xuesong Trust were penalized for inadequate employee behavior management and inaccurate data reporting, respectively [6][8]. Group 3: Industry Trends - The trust industry is witnessing a transformation towards enhanced compliance awareness and risk management capabilities, driven by regulatory guidance [10][16]. - The overall capital accumulation and risk resistance capacity of the trust industry have improved, with proprietary assets and owners' equity showing slight increases in the first half of 2025 [15][16]. Group 4: Communication Changes - Several trust companies have transitioned to using official corporate WeChat for client communication, moving away from personal WeChat accounts to enhance professionalism and compliance [11].