梳理这家信托公司的发展历程，其前身可追溯至1987年1月成立的包头市信托投资公司。据公司官网信息，2003年经原中国银行业监督管理委员会核准重 新登记后，公司更名为新时代信托投资股份有限公司；2009年6月，经原银监会批准，公司正式更名为新时代信托股份有限公司并换领新的金融许可证。 值得关注的是，这并非新时代信托股权首次寻求转让。回溯其风险处置进程，自2020年7月中旬因违法违规经营导致产品大面积逾期被原银保监会依法接 管以来，公司处置工作一直在持续推进。2022年9月，刚结束两年接管期的新时代信托，首次将60亿股股份挂牌转让，转让底价23.14亿元，转让方为新时 代远景(北京)投资有限公司、上海人广实业发展有限公司、潍坊科微投资有限公司、包头市鑫鼎盛贸易有限责任公司。 首次挂牌未果后，2024年5月，北京产权交易所再次挂出新时代信托100%股权，转让底价较首次下调两成，降至18.51亿元。如今，历经三年两次挂牌未 成交，这已是新时代信托第三次推出股权整体转让方案，此次底价与2024年第二次挂牌时保持一致。 近日，《金融时报》记者从北京产权交易所获悉，新时代信托股份有限公司(以下简称"新时代信托")60亿股股 ...

Core Viewpoint - The new regulations for the trust industry, effective from January 1, 2026, aim to reshape the business structure, governance, risk management, and regulatory mechanisms of trust companies, emphasizing a return to core responsibilities and risk-controlled development [1][2][7]. Business Scope Adjustment - The revised regulations reduce the five types of trust businesses to three: asset service trusts, asset management trusts, and public welfare trusts, while eliminating unrelated intermediary businesses [3][4]. - New provisions allow trust companies to apply for liquidity support from the trust industry guarantee fund and provide investment advisory and technical services for financial institutions [3][4]. Focus on Core Responsibilities - The regulations emphasize the role of trust companies as fiduciaries, moving away from channel arbitrage and off-balance-sheet financing, which is expected to enhance risk isolation and asset security [4][5]. - The shift towards a "trust management" model aims to foster innovation and high-quality development in areas such as wealth management and family trusts, while reducing leverage and hidden risks [4][5]. Enhanced Governance and Risk Management - The new regulations set a minimum registered capital requirement of 500 million RMB and mandate the establishment of a chief compliance officer to strengthen internal controls and compliance management [5][6]. - Trust companies are required to conduct annual external audits and improve risk management mechanisms to prevent systemic risks [6][7]. Transition and Rectification of Existing Businesses - Trust companies must identify and rectify existing non-compliant businesses according to the new regulations, with a focus on orderly reduction of problematic business scales [7][9]. - The industry is expected to undergo significant restructuring, with traditional high-leverage models facing pressure, while compliant and innovative companies may gain competitive advantages [7][8]. Industry Differentiation - There is a noticeable disparity in the compliance levels among trust companies, particularly regarding registered capital and information disclosure practices [8][9]. - Companies are encouraged to develop a scientific rectification roadmap and enhance transparency to protect beneficiary rights during the transition [9].