Group 1 - The trust industry is actively increasing its investment in the securities market, with significant growth observed in 2024, particularly in companies like Ping An Trust, which reported an over 80% year-on-year increase in securities market investments [1] - By the end of 2024, several trust companies, including Minmetals Trust and Foreign Trade Trust, had over 60% of their funds allocated to the securities market, indicating a structural shift in capital allocation [1] - Ping An Trust's asset management scale reached 993 billion yuan by the end of 2024, with securities investment trust business being the main driver of growth, exceeding 590 billion yuan and showing an 84% increase year-on-year [1] Group 2 - As of the first quarter of this year, the total market value of trust holdings reached 130.49 billion yuan, with over 20 trust companies appearing among the top ten shareholders of listed companies [2] - The trend of trust funds "moving" to the securities market has become increasingly evident, with a total trust fund scale of 19.95 trillion yuan by mid-2024, of which 8.34 trillion yuan (41.81%) was allocated to the securities market, marking a 64.89% year-on-year increase [2] - By the end of 2023, the scale of trust funds directed towards the securities market reached 6.6 trillion yuan, reflecting a significant increase compared to previous periods [3] Group 3 - The development of standardized products in the trust industry is accelerating, with a shift towards fixed-income assets in securities investments, and an expectation for increased active management capabilities in the future [3] - Industry experts anticipate that with the recovery of the economy and the rise of China's technology sector, institutional funds from insurance, trusts, and funds will continue to flow into the securities market [3]