宝丽迪（300905）(300905.SZ)发布公告，直接持有公司股份950万股(占公司总股本比例5.3136%)的持股 5%以上股东云南国际信托有限公司-云南信托-开睿210号单一资金信托(简称"云南信托")计划自本公告 披露之日起十五个交易日后的三个月内以集中竞价、大宗交易方式减持不超过公司股份100万股(占公司 总股本比例0.5593%)。 ...

"从 '未通过'到 '高票赞成'，新增千二收益安全垫" 近日，知情人士向资管有道透露，国元信托一政信产品召开第一次受益人大会，就"改变退出方式及增加提前终止情形"议案的表决已获通过。 公开信息显示，鑫达建投主体信用评级为AA，属于区域内典型的城投平台，其发行的"21博兴01"债券期限不超过5年，付息日为每年4月13日，原信托计 划约定"通过债券到期还本付息实现退出"。 在收益条款方面，信托合同最初约定"各类受益人信托资金对应的参考收益率为5.65%/年，实际收益以信托单位净值为准"，未明确业绩报酬计提规则，仅 通过常规的"扣除税费、信托管理费后分配收益"条款执行，这一设定也为后续方案调整埋下伏笔。 此次两次召开受益人大会推动提前终止，核心背景在于城投企业债务风险的升温。 国元信托在公告中明确提及，"近年各地城投企业债务压力较大，市场频发产品兑付风险事件"，而本信托计划底层债券发行人鑫达建投"有息债务规模处 于高位，未来集中兑付标的债券还款压力较大"。 该产品总投资规模为1.5亿元，底层资产明确指向山东省博兴县鑫达建设投资开发有限公司（以下简称"鑫达建投"）发行的城投债——"21博兴01"。 知情人士向资管有道 ...

Group 1 - Multiple trust companies received notifications to investigate their reverse repurchase leverage ratios and compliance with regulations [1] - The Chinese Passenger Car Association reported a 6% year-on-year increase in retail sales of passenger cars in September, totaling 2.239 million units [1] Group 2 - The Ministry of Industry and Information Technology announced the comprehensive promotion of electronic licenses for value-added telecommunications business, enhancing government service efficiency [2] - The electronic licenses will have the same legal effect as paper licenses and will be used in various business scenarios [2] Group 3 - Ray Dalio, founder of Bridgewater Associates, warned that the U.S. debt situation is at a dangerous turning point, with government spending significantly exceeding revenue [3] - The U.S. federal debt held by the public is projected to reach 99% of GDP in 2024, potentially rising to 116% by 2034 [3] Group 4 - UCB announced the approval of Zilucoplan for marketing in China, the world's first subcutaneously injectable C5 complement inhibitor for treating generalized myasthenia gravis [4] - China has achieved a major breakthrough in single-photon detection technology with the mass production of a four-channel ultra-low noise semiconductor single-photon detector [4] Group 5 - Wahaha Group appointed Xu Simin as General Manager, while the Chairman position remains vacant following the resignation of Zong Qinghou's daughter [5] - Wahaha's actual sales for the first three quarters of the year declined by approximately 3.46% year-on-year, totaling 27.9 billion yuan [5] Group 6 - Shimo Microelectronics completed over 100 million yuan in Series B financing, aimed at expanding product lines and market promotion [6] - Guolian Minsheng Securities successfully transitioned its centralized trading system, integrating 1.92 million clients seamlessly [6] - Weichai Heavy Machinery increased its registered capital from approximately 331 million yuan to about 464 million yuan, a 40% increase [6]

Core Viewpoint - Regulatory authorities are requiring trust companies to conduct internal assessments regarding their bond trading operations, specifically focusing on the limits of reverse and repurchase agreements [1][2]. Group 1: Regulatory Requirements - Trust companies are being asked to verify if they have established internal systems in accordance with the recent regulatory notice and whether they have set up monitoring indicators within their systems [1]. - Companies must check for any instances of exceeding limits on reverse repurchase agreements (90% and 100% of the previous day's net assets) and repurchase agreements (70% and 100% of the previous day's net assets) since the beginning of 2024 [1]. Group 2: Industry Context - The 2017 notice specified that non-publicly issued financial products, including trust plans and asset management products, must not exceed 100% of their previous day's net assets in terms of bond repurchase and reverse repurchase funding balances [2]. - Trust companies have increasingly managed significant amounts of bank wealth management funds, primarily engaging in cash management through government bond reverse repurchase agreements [2].

Core Insights - Regulatory authorities have mandated trust companies to conduct internal reviews regarding their bond trading operations and the limits on reverse and repurchase agreements [1][2] Group 1: Regulatory Requirements - Trust companies are required to assess whether they have established internal systems in accordance with the recent notification and whether they have set up relevant monitoring indicators in their systems [1] - The review focuses on two main aspects: the establishment of internal regulations and the occurrence of any excess in reverse repurchase agreements exceeding 90% and 100% of the previous day's net assets, and repurchase agreements exceeding 70% and 100% of the previous day's net assets [1] Group 2: Industry Practices - Trust companies have increasingly taken on a significant amount of bank wealth management funds, primarily engaging in cash management through government bond reverse repurchase agreements [2] - There is a discussion within the industry regarding the appropriateness of using "previous day's net assets" as a benchmark for monitoring, with suggestions that "same-day net assets" may better reflect actual market conditions [2]

上海证券报 记者 马嘉悦 华东地区一信托公司相关人士也向上证报记者坦言，公司9月收到通知进行了逆回购杠杆率情况的排 查。 公开资料显示，2017年12月，中国人民银行、原中国银行业监督管理委员会、中国证券监督管理委员 会、原中国保险监督管理委员会联合发布《通知》，明确要求，私募性质的非法人产品，包括但不限于 银行向私人银行客户、高资产净值客户和合格机构客户非公开发行的理财产品，资金信托计划，证券、 基金、期货公司及其子公司发行的客户资产管理计划，保险资产管理产品等，债券正回购资金余额或逆 回购资金余额超过其上一日净资产100%的债券市场参与者应及时向相关金融监管部门报告。 华东一信托公司相关人士称，近两年来，信托公司承接了较多理财子公司的资金，因此部分账户主要进 行国债逆回购的现金管理，在申赎过程中，部分交易账户容易出现逆回购金额超限情况。后续，信托公 司需加强债券交易账户管理，按照《通知》制定严格内控制度，避免触及监管红线。 一位信托业标品业务部门人士透露，近期收到监管通知，要求排查并反馈两项情况： 一是公司是否按照《通知》制定了内部制度，是否在系统内设置相应指标以进行监测； 二是公司2024年至今有无超限 ...

Core Viewpoint - The non-standard trust market showed significant recovery in September, with an increase in both the number and scale of products established, influenced by seasonal factors [1][3]. Summary by Category Market Performance - In September, 1,138 non-standard trust products were established, representing a month-on-month increase of 7.64%, with a total disclosed scale of 54.6 billion yuan, up 22.65% from the previous month [1][3]. Investment Areas - The scale of non-standard financial products reached 20.656 billion yuan in September, marking a month-on-month growth of 48.95%. This growth was largely driven by the transfer of credit asset rights, particularly at the end of the quarter when banks sought to adjust credit scales [6]. - The scale of trust products in the basic industry significantly increased to 30 billion yuan, reflecting an 18.55% month-on-month rise. This was attributed to performance pressures at quarter-end, local debt management improvements, and stable returns from infrastructure projects [5]. Regional Trends - In terms of regional investment, Jiangsu and Zhejiang provinces saw increases in trust establishment, while Shaanxi experienced a decline. Jiangsu's disclosed scale was 5.686 billion yuan (up 24.97%), Zhejiang's was 2.106 billion yuan (up 44.58%), and Shaanxi's was 2.255 billion yuan (down 9.94%) [7]. Average Expected Returns - The average expected return for non-standard trust products was 5.03% in September, a decrease of 0.13 percentage points from the previous month. This decline was influenced by new regulations requiring diversified investments and a broader monetary policy that kept financing costs low [8].

当前，信托业已成为服务实体经济、助力人民美好生活的重要金融力量。 近日，中国信托业协会发布《2024—2025中国信托业社会责任报告》(以下简称《报告》)，这是中国信 托业协会连续发布社会责任报告的第13年。 业内人士表示，2024年，信托业务三分类新规从"开局起步"走向"全面深化"；2025年，信托行业迎来高 质量发展的新阶段，在绿色转型、民生服务、行业建设等领域的实践成果逐步显现。 新增项目390个：绿色信托成绩亮眼 在服务民生福祉领域，信托行业聚焦群众急难愁盼问题，精准发力。数据显示，2024年信托投向普惠金 融领域的资金达1.6万亿元，针对个体工商户、新市民等金融服务"薄弱环节"推出专属产品，预付类资 金服务信托更是覆盖教育、养老、医疗等领域，通过资金独立管理等机制，守护消费者权益。 在养老服务上，信托公司发挥制度优势，与养老机构、法律监护体系深度融合，落地全生命周期解决方 案，全年设立1148个养老服务类信托项目，投入144.93亿元；在乡村振兴方面，289个相关项目投入 43.04亿元，依托多种业务形态参与农业产业链金融、基础设施建设，推动金融资源向农村倾斜。 在公益慈善领域，随着修改后的《中华人 ...

首判托管银行担责 事情要从 2023 年的一场信托兑付危机说起。 彼时，多名投资者发现其认购的民生信托某集合资金信托计划出现兑付逾期，资金无法按时收回。在与信托公司沟通 无果后，投资者李某（化名）决定通过法律途径维权。 一位行业实务专家告诉本报记者，这是国内首例托管银行因未完全履行义务而被判承担赔偿责任的案件。 21世纪经济报道记者 郭聪聪 21世纪经济报道记者了解到，近期，北京金融法院对一起信托产品兑付纠纷作出二审判决：不仅要求信托受托人民生 信托公司对未兑付债务负责，还判令托管银行对信托公司应付债务的4%承担连带赔偿责任。 北京金融法院 二审判决书 托管银行只"管钱"，不担"兑付责"？ 管钱，是托管银行在信托计划中的"传统角色"。 北京信托法学研究会副秘书长张杨告诉21世纪经济报道记者，商业银行扮演者集合资金信托计划的"保管人"的角色。 "在我国信托监管框架下，保管人的主要职责在于账户独立与资金收付、指令合规性复核、账务核对与资料留存、定期 保管报告，并在发现重大异常时提示并按规定报告。"张杨解释道，托管人的职责边界很清晰，不负责项目尽职调查， 不参与投资决策，也不替代信托公司进行投后管理，并非"共同受托 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：000793 证券简称：ST华闻（维权） 公告编号：2025-034 华闻传媒投资集团股份有限公司 关于为全资子公司有关债务提供担保的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 华闻传媒投资集团股份有限公司（以下简称"公司"或"华闻集团"）分别于2021年3月10日、2024年1月23 日、2024年10月29日、2024年11月21日在《证券时报》《中国证券报》《上海证券报》及巨潮资讯网 （http://www.cninfo.com.cn）上披露了《关于为全资子公司有关债务提供担保的公告》（公告编号： 2021-010）、《关于全资子公司受让受益权并提供担保的公告》（公告编号：2024-003）、《关于公司 部分债务逾期的公告》（公告编号：2024-062）、《关于为全资子公司有关债务提供担保的进展公告》 （公告编号：2024-069）。 2025年10月9日，公司收到上海市嘉定区人民法院（以下简称"上海嘉定法院"）送达的（2024）沪0114 民初24390号《民事判决书》，现对上述 ...