长江商报消息 ●长江商报公益记者 杨蝶 为强化业务的专业性与可持续性，上海信托在2017年于行业内率先成立专门的慈善信托部，构建"上信 上善"架构，整合政府奖励基金、社会资金及产品超额收益，形成公司、客户、员工共同参与的公益生 态；同时联动行业协会、慈善组织、高校、医院等多方主体搭建合作网络，并实现所有项目全程透明可 追溯，确保捐赠者清晰掌握资金流向与帮扶成效，形成"人才培养为核心、模式创新为支撑、生态共建 为依托、制度保障为底线"的业务特色。 业内人士分析，政策制度持续完善、信托公司战略转型等多方面因素，共同驱动了慈善信托的快速发 展。未来，慈善信托发展前景可期，不过机遇与挑战并存，需要多方协同发力。 责编：ZB 长江商报公益记者注意到，近年来，慈善信托迎来制度性利好与市场化落地的关键窗口。监管层对慈善 信托的费用与年度支出作出明确规则，信托业将公益慈善信托纳入新业务体系，地方试点在股权、不动 产登记等方面展开探索，慈善信托定位从"模糊概念"转向"成熟工具"，其兼具公益属性和金融功能的优 势被社会广泛认可，中国慈善信托行业进入快速发展阶段。 慈善中国官网数据显示，截至2025年11月20日，全国已备案的慈善 ...

Core Insights - The article discusses the growing importance of charitable trusts as a means for individuals to participate in social welfare and philanthropy, complementing traditional donation methods [1][4] - Recent regulatory changes, including the "Three Classification New Regulations," have provided strong support for the development of charitable trusts in China [1][2] Regulatory Support - The implementation of the "Three Classification New Regulations" has led to improved policies for charitable trusts, including tax incentives introduced in the revised Charity Law effective September 5, 2024 [2] - The Ministry of Civil Affairs and the Financial Regulatory Bureau have issued guidelines on annual expenditures and management fees for charitable trusts, establishing basic principles for trustees [2] - The State Council has emphasized the need to develop charitable trusts to support various initiatives such as rural revitalization, education, healthcare, and ecological protection [2] Development of Charitable Trusts - Following policy support, charitable trusts have seen significant growth, with 539 charitable trusts registered nationwide by the end of 2024, and total assets reaching 4.965 billion yuan [4] - The focus areas for charitable trusts include rural revitalization, poverty alleviation, and education, with 202 charitable trusts specifically aimed at education in 2024 [4] - Trust companies are increasingly establishing specialized departments for charitable trusts and forming corporate foundations to enhance resource integration and efficiency [3][4] Innovative Approaches - Trust companies are exploring various innovative models for charitable trusts, including the use of equity, real estate, intellectual property, and insurance rights as trust assets, thereby attracting more participants [5] - Specific examples include charitable trusts supporting community initiatives like "neighborhood kitchens" for the elderly and rural revitalization projects [5] Recommendations for Trust Companies - Experts suggest that trust companies should refine the positioning of charitable trusts, differentiating them from charitable foundations, and leverage their unique advantages to promote healthy development in the charity sector [6] - There is a call for integrating charitable trusts with asset service trusts and asset management trusts to effectively combine public and private interests [6]

Core Insights - The trust industry in China is undergoing significant transformation, moving away from "single trust + trust loans" towards more diversified funding utilization methods [1][3] - The implementation of the "three classifications" regulation is reshaping the trust industry, promoting sustainable development and optimizing business structures [3][4] Asset Scale and Growth - By the end of 2024, the total trust assets managed by 67 trust companies in China reached 29.56 trillion yuan, marking a notable recovery in asset scale [3] - Trust asset scale has experienced a spiral evolution over the past decade, peaking at 26.25 trillion yuan in 2017, dropping to 20.49 trillion yuan in 2020, and stabilizing since 2021 [3] Regulatory Changes and Business Structure - The "three classifications" regulation, effective from June 2023, categorizes trust services into asset service trusts, asset management trusts, and charitable trusts, clarifying business boundaries [3][4] - In 2024, newly established trust products totaled 8.32 trillion yuan, with asset service trusts accounting for 70.17% of the number of products and 53.84% of the total scale [4] Funding to the Real Economy - In 2024, 28.81% of the 22.25 trillion yuan in funds trusts were directly invested in the real economy, with 46.17% funneled through the securities market [5] - The total scale of funds trusts directed towards the securities market reached 10.27 trillion yuan by the end of 2024, reflecting a 55.61% increase from the previous year [5] Wealth Management Development - There is a growing demand for comprehensive wealth management services among clients, shifting from a focus on high returns to a broader wealth management approach [6] - Wealth management service trusts dominate the "three classifications," comprising 76% of the 25 business types, with a total scale exceeding one trillion yuan by the end of 2024 [7] Charitable Trusts and Social Impact - The establishment of charitable trusts is crucial for promoting common prosperity, with 539 new charitable trusts registered in 2024, totaling a scale of 85.07 billion yuan [8] - Trust companies are increasingly involved in various social initiatives, managing nearly 35 billion yuan in charitable trust expenditures [8] Industry Outlook - The trust industry is poised for high-quality development, focusing on enhancing service to the real economy and contributing to social progress [9]