又一信托公司进入破产程序

Core Viewpoint - Huaxin Trust has officially entered bankruptcy proceedings as approved by the Dalian Financial Supervision Administration, marking a significant event in the trust industry in China [3][4]. Group 1: Bankruptcy Process - The Dalian Financial Supervision Administration approved Huaxin Trust's bankruptcy based on its earlier application for reorganization, with the approval dated October 23 [3]. - The court has formally accepted Huaxin Trust's bankruptcy reorganization application on November 28, indicating a structured process ahead [3][4]. - Huaxin Trust is expected to comply with legal requirements and cooperate with the court and administrators to expedite the reorganization process [3]. Group 2: Historical Context - Huaxin Trust may become the third trust company to be declared bankrupt since the enactment of the Trust Law and the Enterprise Bankruptcy Law [3]. - The company has faced significant risks and has been under scrutiny for several years, being classified as one of the high-risk trust companies since 2019 [5]. - Previous incidents, including a high-profile internal conflict involving the company's chairman, have contributed to its financial difficulties [5]. Group 3: Financial Performance - As of the end of 2019, Huaxin Trust reported total assets of 12.376 billion yuan, with trust assets managed amounting to 61.58 billion yuan [6]. - The company experienced a drastic decline in revenue, with a 50% drop in operating income to 573 million yuan and a net loss of 152 million yuan in 2019 [6].