来源：金融时报 近日，华信信托破产重整事宜接连传来两则消息，表明这家老牌信托机构的风险处置工作正沿着法治化 路径稳步推进。 1月28日，华信信托官网率先转发了辽宁省大连市中级人民法院的公告，明确了其破产重整案第一次债 权人会议的具体安排。记者梳理公告内容发现，依据《中华人民共和国企业破产法》及相关司法解释， 大连中院已敲定，将于2026年2月13日通过全国企业破产重整案件信息网，以线上形式召开这次债权人 会议，依法申报债权的债权人有权参加本次债权人会议。 "此次召开第一次债权人会议，是依托法治化路径梳理债权债务关系的关键节点，而后续无论是战略投 资者的遴选引入，还是债权清偿方案的制定落地，均需在保障债权人合法权益与恢复机构持续经营能力 两大核心目标之间精准把握平衡，实现多方利益的统筹兼顾。"用益信托研究员帅国让表示。 作为辽宁省唯一一家信托公司，华信信托成立于1981年，其风险化解之路至今历时约6年。直到2025 年，该公司风险处置迎来突破性进展。 时间回溯到2025年1月，华信信托与持有该公司华冠系列、华悦系列以及悦盈稳健增长72号定向发行部 分信托计划的受益人签署《协议书》，约定在双方签署后7个工作日内向 ...

Core Viewpoint - The trust industry is making significant progress in risk resolution, with various companies implementing repayment plans for individual investors, following regulatory guidance aimed at preventing systemic risks [1][3][10]. Industry Developments - Huaxin Trust announced the acquisition of personal investor trust beneficiary rights by a newly established state-owned platform in Dalian, marking it as the fourth trust company to implement a repayment plan for individual investors [1][2]. - The establishment of Dalian Anding Enterprise Management Co., Ltd. is seen as a government initiative to address Huaxin Trust's risks, aligning with the regulatory requirement for local governments to take responsibility for risk resolution [2][3]. - The trust industry has seen a shift from self-initiated risk resolution by companies to collaborative efforts involving government departments and judicial bodies [2][3]. Risk Management and Resolution - The main risk points in the trust industry include asset quality, liquidity, and corporate governance, with risk resolution strategies involving market restructuring, judicial reorganization, and beneficiary rights transfer [1][3][4]. - The regulatory framework has been strengthened, emphasizing the need for early warning systems and proactive risk management [3][4][8]. - The industry is experiencing a transition towards more diversified and market-oriented risk resolution methods, such as the successful judicial reorganization of Sichuan Trust and the introduction of state-owned capital to acquire beneficiary rights [3][10]. Future Outlook - The trust industry is expected to undergo a transformation, with a focus on compliance and risk management, as well as a shift towards asset service trusts and other business models that align with the essence of trust services [8][9]. - The regulatory environment is becoming more stringent, with an emphasis on breaking the rigid repayment model and enhancing transparency in operations [8][9]. - The ongoing risk resolution efforts are anticipated to lay a solid foundation for the healthy development of the trust industry, despite the challenges posed by existing risks [3][9].

Core Viewpoint - Huaxin Trust is making progress in risk resolution by announcing the acquisition of trust beneficiary rights from individual investors by Dalian Anding, with a deadline for signing by September 25, 2025 [1][2] Group 1: Company Developments - Dalian Anding, established on July 31, 2023, will acquire eligible individual investors' trust beneficiary rights and is fully controlled by Dalian State-owned Financial Capital Management and Operation Co., Ltd. [1] - Since September 2020, Huaxin Trust has issued 17 announcements regarding delayed payments, involving 27 trust products, indicating ongoing risk management efforts [2] - Earlier in 2023, Huaxin Trust signed agreements with beneficiaries of specific trust plans, committing to pay within seven working days after signing [2] Group 2: Industry Context - The trust industry has faced risks due to rapid growth, mismanagement, and regulatory changes, prompting companies to explore risk resolution strategies [2][3] - Other trust companies, such as Xinda Trust and Jianyuan Trust, have also implemented risk resolution plans, indicating a broader trend in the industry [3][4] - Regulatory bodies are emphasizing the need for improved business norms and a comprehensive supervision system to enhance the industry's risk resilience [5][6]