Core Viewpoint - China Foreign Trade Trust has achieved significant recognition in the bond market by being listed among the "Top 100 Bond Market Traders" and "Top 10 Trust Companies in Bond Market Trading" for three consecutive years, reflecting its strong performance and commitment to serving the real economy [1][3]. Group 1: Company Achievements - In 2024, China Foreign Trade Trust achieved a bond trading volume of nearly 820 billion yuan on the Shanghai Stock Exchange [3]. - As of the first quarter of 2025, the company held approximately 640 billion yuan in bonds issued on the Shanghai Stock Exchange, ranking among the top in trading and new bond subscription volumes among trust companies [3]. - The company has been recognized for its comprehensive service system that includes trust, fundraising, valuation, trading, risk control, and settlement, which has garnered widespread market acclaim [3]. Group 2: Future Plans - China Foreign Trade Trust aims to deepen its participation in the bond market by enhancing both the breadth and depth of its services, focusing on stable trading and responsible financial practices [4]. - The company plans to contribute to the construction of a new development pattern and promote high-quality economic development while creating long-term value for investors [4]. - The commitment to financial innovation and service to national strategies will be central to the company's future endeavors in the capital market [4].

中经记者樊红敏北京报道 6月3日，中国信托业协会发布2024年信托公司主要业务数据。2024年，信托资产规模达到29.56万亿 元，比2023年年末增加5.64万亿元，增长23.58%。 业绩方面，2024年，信托业经营收入为940.36亿元，比2023年的863.61亿元增长8.89%；2024年行业利 润为230.87亿元，比2023年大幅下降45.52%，减少192.87亿元。 行政管理服务信托方面，2024年，57家信托公司的行政管理服务信托业务存续规模为18176.79亿元，业 务类型更加丰富、服务场景持续深化，信托的功能作用及社会价值进一步清晰，成为推动行业转型升 级、服务实体经济与社会治理的重要工具。 另外，截至2024年年末，资产证券化服务信托余额合计为12611.46亿元；信托业的风险处置服务信托余 额为24099.78亿元，成为资产服务信托的最大业务领域。 资产管理信托方面，根据信托业务具体分类要求，资产管理信托共分为4个业务品种：固定收益率信托 计划、权益类信托计划、商品及金融衍生品信托计划和混合类信托计划。 据《中国经营报》记者统计，57家已披露2024年年报的信托公司中，有30家营业 ...

Core Insights - The trust industry in China is experiencing significant growth, with total trust assets reaching 29.56 trillion yuan by the end of 2024, an increase of 5.64 trillion yuan or 23.58% from the end of 2023 [1] - However, the total profit of the trust industry has decreased sharply to 23.09 billion yuan, a nearly 50% decline year-on-year, indicating challenges in profitability despite asset growth [1][6] Industry Overview - By the end of 2024, the trust asset scale is approaching 30 trillion yuan, reflecting a substantial change following the implementation of the "three classifications" business transformation [1] - The trust industry is adjusting to market demands, leading to a notable increase in asset scale [1] Investment Trends - In 2024, 22.25 trillion yuan of funds were allocated to trust investments, with nearly 50% (10.27 trillion yuan) directed towards the securities market, marking a 55.61% increase from 6.60 trillion yuan at the end of 2023 [2][3] - The breakdown of investments shows that 7.23 trillion yuan was invested in the stock market, 3.98 trillion yuan in funds, and 9.15 trillion yuan in bonds [2] Profitability Challenges - The trust industry's total profit for 2024 is reported at 23.09 billion yuan, a decrease of 45.52% from the previous year, highlighting a significant decline in profitability [6] - The low fee structure of asset service trusts is impacting overall profit income, necessitating a focus on improving trust business yield [6] Business Classification Reform - The recent regulatory changes have categorized trust businesses into asset service trusts, asset management trusts, and public welfare trusts, promoting a shift from traditional non-standard financing to more diversified and specialized business models [7][9] - The wealth management trust sector is seeing growth, with family trusts and insurance trusts becoming increasingly significant, reflecting the rising demand for wealth management services [8][9] Future Outlook - The trust industry is expected to continue evolving, with a focus on balancing traditional and new business growth to enhance profitability [6] - The development of asset service trusts is emphasized as a key area for future growth, aligning with the industry's core business objectives [9]

Core Insights - The trust industry is experiencing intense price competition, leading to a situation where companies are engaging in low-cost bidding to attract clients, which is unsustainable in the long term [2][3][4] - The industry is facing a significant decline in profits despite an increase in revenue, indicating a troubling trend for future growth [5][6] - There is a call for trust companies to enhance their active management capabilities and differentiate themselves to escape the cycle of low-price competition [9][10] Industry Challenges - Many trust companies have focused on non-standard business models over the past decade, resulting in a lack of standardized and efficient operational frameworks, which weakens their bargaining power [6][7] - The introduction of new business models, such as asset securitization and family trusts, has led to fierce competition, with companies often resorting to low pricing to gain market share [4][7] - The current pricing strategies are causing a downward trend in service fees, impacting overall profitability and leading to a vicious cycle of reduced service capabilities [7][8] Financial Performance - In 2024, the trust industry reported operating income of 94.036 billion yuan, an increase of 8.89% from 2023, while profits fell to 23.087 billion yuan, a decrease of 45.52% [5] - The decline in profits is attributed to the low-fee structure of asset service trusts, which is affecting the overall profitability of the industry [5][6] Recommendations for Improvement - Trust companies are advised to focus on enhancing their active management capabilities and developing unique advantages to break free from low-price competition [9][10] - There is a suggestion to establish self-regulatory mechanisms within the industry to promote healthy competition and set standard pricing guidelines [10]

Group 1 - The trust industry in China has reached a record asset scale of 29.56 trillion yuan by the end of 2024, an increase of 5.64 trillion yuan from the end of 2023, representing a year-on-year growth of 23.58% [2] - The scale of fund trusts has reached 22.25 trillion yuan, increasing by 4.87 trillion yuan from the end of 2023, with a growth rate of 28.02% [2] - The scale of fund trusts directed towards the securities market has significantly increased to 10.27 trillion yuan, a growth of 55.61% from the end of 2023, accounting for 46.17% of the total fund trust scale [2] Group 2 - Traditional trust business in sectors such as industrial enterprises, infrastructure, and real estate is declining, with the scale of fund trusts directed towards industrial enterprises decreasing from 21.80% at the end of 2023 to 17.83% [2] - The proportion of trading financial assets has risen to 63.28%, with a year-on-year increase of 34.87% to 14.08 trillion yuan, while the shares of trust loans, debt investments, and equity investments have decreased [2] - Despite the growth in asset scale, the industry's profit has faced challenges, with operating income at 94.036 billion yuan, a year-on-year increase of 8.89%, while industry profit has dropped by 45.52% to 23.087 billion yuan [4]

东北证券股份有限公司 简式权益变动报告书 上市公司名称：东北证券股份有限公司 股票上市地点：深圳证券交易所 股票简称：东北证券 股票代码：000686 信息披露义务人：吉林省金融控股集团股份有限公司 住所/通讯地址：长春市人民大街 10606 号 股份变动性质：拥有权益的股份增加 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行不违反 信息披露义务人内部规则中的任何条款，或与之相冲突。 三、依据《中华人民共和国证券法》《上市公司收购管理办法》《公开发行 证券的公司信息披露内容与格式准则第 15 号—权益变动报告书》的规定，本报 告书已全面披露了信息披露义务人在东北证券股份有限公司中拥有权益的股份 变动情况。截至本报告书签署日，除本报告书披露的拥有权益的信息外，上述信 息披露义务人没有通过任何其他方式增加或减少其在东北证券股份有限公司中 拥有权益的股份。 四、本次权益变动是根据本报告书所载明的资料进行的。信息披露义务人没 有委托或者授权其他任何人提供未在本报告书列载的信息和对本报告书作出任 何解释或者说明。 五、信息披露义务人承诺本报告书不存在虚假记载、误导性陈述或重大遗漏， 并对其真实性、准确性、 ...

信托行业正实现资产规模增长与业务结构优化并行。 中国信托业协会6月3日发布的数据显示，截至2024年末，信托资产规模达到29.56万亿元，较2023年末增加5.64 万亿元，同比增长23.58%。 证券投资信托规模超10万亿元 "2024年末信托资产规模接近30万亿元，这并不是一次简单的年度性扩张，而是信托业在实施'三分类'业务转 型后资产规模的显著变化，同时也是信托业顺应市场需求变化作出的积极调整。"复旦大学信托研究中心主任 殷醒民表示，在"三分类"格局下，信托业正从传统的非标融资业务，向更加多元化和专业化的资产服务信托、 资产管理信托并重的业务模式转型。 新成立产品逾七成为资产服务信托 2024年，资产服务信托扎实起步。资产服务信托在"三分类"中排在首位，是监管部门倡导信托公司开展的重要 业务类型。资产服务信托主要分为财富管理服务信托、行政管理服务信托、资产证券化服务信托和风险处置服 务信托等。 截至2024年末，财富管理服务信托规模超过1万亿元。其中，家族信托规模为6435.79亿元，保险金信托规模为 2703.97亿元，其他个人财富管理服务信托1149.06亿元。 从2024年新增产品看，据中国信托登 ...

高校毕业生等青年是宝贵的人才资源。党中央、国务院高度重视高校毕业生就业工作，习近平总书记强 调，坚持把高校毕业生等青年群体就业作为重中之重。 当前，距离毕业生大规模离校还有一个月左右时间，各地各相关部门正全力冲刺，与时间赛跑，推动促 就业工作整体再加力。 作为上千万毕业生的一个分支，金融学子与金融行业在"双选"中发生着怎样的碰撞？他们的迷茫、抉择 与奋斗折射出金融行业怎样的变迁？在建设金融强国的道路上，青年学子如何将个人成长融入金融改革 发展的时代浪潮？ 毕业生：选择岗位慎之又慎 学金融，没资源、没背景，能有出路吗？ 学金融，只能干银行柜员或销售吗？ 这些在网络上的热议话题，却是众多金融学子在现实中的必答题。 5月下旬，在北京某高校的一间会议室里，10名金融学院的毕业生代表正在进行座谈。他们中有本科生 也有研究生，共同点是都已"上岸"。据组织活动的老师介绍，此举是为了深入了解学生的求职经历，便 于今后更好地开展就业指导工作。 这10名学生中，有5位就业方向与金融相关，其中3位选择了银行、保险等金融机构。 "择业，实际上就是一场兴趣、能力和职业目标的匹配。"林静，现场唯一的博士生代表，即将去某高校 任职的她最为 ...

近日，科技部会同中国人民银行、金融监管总局、中国证监会、国家发展改革委、财政部、国务院国资 委七部门联合印发了《加快构建科技金融体制有力支撑高水平科技自立自强的若干政策举措》，聚焦创 业投资、货币信贷、资本市场、科技保险、债券市场等七个方面，提出了15项政策举措。 业内专家表示，金融机构应尊重科技产业和科技企业的发展规律，围绕技术创新和产业升级的全生命周 期，有针对性地提供多样化的金融手段和工具。那么，作为金融机构的一员，信托公司应如何发挥好独 特功用？ 聚焦股权投资服务初创期科技型企业 5月22日，在国新办新闻发布会上，金融监管总局新闻发言人、政策研究司司长郭武平表示，构建直接 融资与间接融资相互补充、政策性金融与商业性金融共同发力，各类金融机构各司其职、协调配合的科 技金融服务体系。资管机构和金融资产投资公司聚焦股权投资，投早、投小、投长期、投硬科技。 "对于尚处于初创和起步阶段的科技公司，在有效抵押物缺乏、银行贷款难以取得的情况下，信托可以 募集长期资金对其进行股权投资，形成耐心资本，扶持科创企业早期发展。"原中铁信托总经理，西南 财经大学兼职教授、博士生导师陈赤表示。 "科创私募股权投资是信托公司服务 ...

Core Insights - The trust industry in China is experiencing significant growth in asset scale and optimization of business structure, with total trust assets reaching 29.56 trillion yuan by the end of 2024, marking a 9.48% increase from mid-2024 and a 23.58% increase from the end of 2023 [1][2] - The shift towards a diversified and professional asset service trust model is evident, as the industry transitions from traditional non-standard financing to a more balanced approach between asset service trusts and asset management trusts [1][2] - The demand for comprehensive wealth management is rising among trust clients, driven by stable economic growth and increasing per capita income, indicating substantial growth potential for wealth management services within the trust sector [2] Asset Scale and Structure - By the end of 2024, the wealth management service trust scale exceeded 1 trillion yuan, with family trusts at 643.58 billion yuan and insurance trusts at 270.40 billion yuan [1] - The number of newly established wealth management service trusts in 2024 reached 45,300, with a total scale of 1.98 trillion yuan, significantly outpacing the establishment of asset management trusts [1] Securities Investment and Financial Performance - The trust industry is actively engaging in securities investment, with 66 trust companies managing over 10 trillion yuan in securities investment trusts by the end of 2024, primarily focused on bonds [2] - The total scale of funds in trust reached 22.25 trillion yuan by the end of 2024, reflecting a year-on-year growth of 28.02%, with over 5% of funds directed towards stocks and funds [2] - Despite an increase in operating income to 94.04 billion yuan (up 8.89% from 2023), the industry's profit declined by 45.52% to 23.09 billion yuan, attributed to the shift in business focus towards asset service trusts [2] Regulatory Support and Development - The trust industry is presented with new opportunities for high-quality development, supported by regulatory frameworks from the State Council aimed at enhancing risk prevention and promoting industry growth [3] - Pilot programs for trust property registration have begun in major cities like Beijing and Shanghai, facilitating the industry's standardization and transformation [3]