10月9日，北京商报记者注意到，中国信托业协会官网日前发布《2024—2025中国信托业社会责任报告》（以下简称《报告》），旨在强化信托业社会责任 意识，促进信托业与经济社会和谐发展。 《报告》对2024年信托行业的整体数据进行了披露。《报告》显示，截至2024年末，全行业67家信托公司受托管理信托资产规模达29.56万亿元，创历史新 高。报告期内，信托行业全年实现经营收入940.36亿元，利润总额230.87亿元，出现明显"一升一降"。 而在"三分类"等新规指引下，信托行业加速转型，也带来了信托业务结构持续优化、传统高收益业务萎缩等变化。有从业机构指出，在行业整体转向"轻资 本运营、重受托服务"的过程中，对信托公司经营的评价或更应关注其转型类业务发展及业务结构的优化。 2024年信托行业利润接近"腰斩" 在行业概况部分，《报告》对信托行业的发展现状进行了介绍。数据显示，截至2024年末，经批准设立的信托公司共有67家，从业人员约1.8万人。行业受 托管理信托资产规模总计29.56万亿元，创历史新高。 作为信托公司最重要的主动管理型业务之一，资金信托在"三分类"新规要求下被划入资产管理信托范畴。《报告》显示， ...

Group 1 - The trust industry is experiencing continuous growth in standardized trust products, with 1,491 products issued in July 2023, a month-on-month increase of 141 products, representing a growth rate of 10.44% [1] - The implementation of the "Three Classification New Regulations" in 2023 is seen as a significant milestone for the development of standardized trusts, especially as non-standard trusts face transformation pressures [1][2] - Standardized trust investments in bonds, stocks, and other standardized assets are beneficial for guiding social funds towards capital markets and the real economy, thereby enhancing resource allocation efficiency [1] Group 2 - Among the 57 trust companies that have disclosed their 2024 annual reports, 79% actively mentioned standardized trusts, indicating their strategic importance within the industry [1] - Zhongcheng Trust reported a standardized trust scale of 866.58 billion yuan as of June 30, 2025, a growth of 61.79% since the beginning of the year, while Zhonggu Trust's standardized asset management business reached 126 billion yuan, up 19% [1] - Jin Gu Trust and Kunlun Trust have emphasized the importance of standardized trusts in their recent meetings, focusing on enhancing wealth marketing and management capabilities [2] Group 3 - The non-standard trust business has seen a decline in its proportion of total trust assets, yet it remains a component of some trust companies' business systems [2] - The "Three Classification New Regulations" clarify the boundaries of trust business, prohibiting trust companies from conducting asset management trust business in the form of private equity funds and other non-compliant activities [2] - The industry is facing significant transformation challenges, with early adopters of transformation gaining a competitive advantage [3] Group 4 - The future of standardized trusts depends on trust companies' ability to enhance their professional capabilities and find sustainable profit growth points under strict regulatory conditions [3] - The trust industry is expected to transition from being "quasi-credit intermediaries" to "true asset management institutions," reshaping the competitive landscape [3] - Successful transformation will allow trust companies to occupy a dominant position in the asset management market, serving as a core hub connecting the real economy and household wealth [3]

Core Insights - The trust industry in China has seen significant growth in asset scale, reaching 29.56 trillion yuan by the end of 2024, a 23.58% increase from the end of 2023 [1][2] - Despite the growth in asset scale, the industry's profit has sharply declined by 45.52% to 230.87 billion yuan, indicating a pressing need for new revenue and profit drivers [5][6] Asset Scale and Revenue - The trust asset scale increased by 5.64 trillion yuan from the end of 2023, marking a substantial annual growth [1] - Operating income for the trust industry reached 94.036 billion yuan in 2024, up 8.89% from 86.361 billion yuan in 2023 [1][5] - The average trust business income for 57 companies was 7.81 million yuan, a decrease of 6.99% from the previous year [5] Business Transformation - The growth in asset scale is attributed to the implementation of the "Three Classification New Regulations," which has led to a shift from traditional non-standard financing to diversified asset service trusts and asset management trusts [2][3] - Asset service trusts accounted for 70% of new products and 50% of the scale of newly established products in 2024, despite their low fee structure impacting overall profitability [1][4] Specific Trust Categories - By the end of 2024, family trust balances reached 643.58 billion yuan, while insurance trust balances were 270.40 billion yuan, contributing to a total of 1.0289 trillion yuan in personal wealth trusts [2] - The administrative management service trust business had a scale of 1.8177 trillion yuan, indicating a deepening of service scenarios and the social value of trusts [3] - Asset management trusts totaled 11.39 trillion yuan, with fixed income trusts primarily invested in bond assets amounting to 9.15 trillion yuan [3] Profitability Challenges - The overall profitability of the trust industry has weakened, with a significant drop in profits due to the low fee structure of asset service trusts [5][6] - The average fair value loss for 57 companies was 94 million yuan, indicating increased pressure on revenue and profit margins [6] - The industry is urged to balance traditional and new business growth to enhance profit performance and adapt to regulatory changes [7]

Core Insights - The Chinese trust industry has shown significant growth, with the total trust assets reaching 29.56 trillion yuan by the end of 2024, marking a 23.58% increase from the end of 2023 [1][2][3] Industry Overview - By the end of 2024, the trust asset scale is close to 30 trillion yuan, reflecting a substantial transformation following the implementation of the "Three Classification New Regulations" [1][3] - The trust industry experienced a historical peak in asset scale, surpassing the previous high of 26.25 trillion yuan in 2017, after a period of decline from 2018 to 2020 [2][3] Business Structure Optimization - In 2024, the trust industry established 67,400 new trust products, with a total scale of 8.32 trillion yuan, indicating a shift towards asset service trusts, which accounted for 70.17% of new products [4][5] - The growth in trust assets is attributed to the optimization of business structure, with a focus on asset service trusts and wealth management services [4][5] Financial Performance - The trust industry's operating income for 2024 was 94.036 billion yuan, an increase of 8.89% from 2023, while profits fell to 23.087 billion yuan, a decrease of 45.52% [5][6] - The shift towards asset service trusts, which typically have lower fees, has impacted overall profit margins, necessitating a focus on improving business efficiency and profitability [5][6] Future Developments - The "Three Classification New Regulations" aim to guide the trust industry back to its core functions, with a clear path for future development and the introduction of supporting regulations [6][7] - The trust industry is expected to see new opportunities with the implementation of property trust registration trials in major cities, enhancing regulatory compliance and operational efficiency [8]