中国基金报记者 江右 最新消息，信托资产规模最大的华润信托迎来人事变动：1981年出生的胡昊拟任董事长。今年6月20日，华润信托披露董事长刘小腊因工作原因辞职，公 司董事会推举担任总经理的董事胡昊代为履行董事长职责。 近日，华润信托官方发布举办2025年估值知识竞赛，公司党委书记、董事长（拟任）胡昊出席活动。这一公开信息显示了胡昊的最新职务身份。 【导读】1981年出生的胡昊拟任华润信托董事长 制作：小茉 国信证券7月12日披露的胡昊简历显示，出生于1981年10月，硕士，曾任交通银行总行管理培训生，交通银行湖南省分行个人金融业务部高级经理助理、 副高级经理/副总经理，交通银行湖南省分行网络渠道部总经理、个人金融业务部（消费者权益保护部）副总经理、大客户营销四部总经理，交通银行宁 夏区分行副行长、党委委员；现任华润深国投信托有限公司董事、总经理、党委书记，兼任华润元大基金管理有限公司董事长。 在华润信托邀请了招商银行、创金合信基金一同参与了近日举办的估值知识竞赛。胡昊在活动中发表讲话，强调在公司高质量转型发展中，运营中心需从 三个方向持续发力：一是要打开门做事情，"走出去，请进来"，多和优秀同业交流；二是要持 ...

【导读】1981年出生的胡昊拟任华润信托董事长 中国基金报记者 江右 最新消息，信托资产规模最大的华润信托 迎来人事变动： 1981年出生的胡昊拟任董事长。 今年6月20日，华润信托披露董事长刘小腊因工作原因辞职，公司董事会推举担任总经理的董 事胡昊代为履行董事长职责。 校对：纪元 制作：小茉 审核：木鱼 版权声明 《中国基金报》对本平台所刊载的原创内容享有著作权，未经授权禁止转载，否则将追究法律责任。 授权转载合作联系人：于先生（电话：0755-82468670） 今年6月20日，华润信托披露，公司董事会于近日收到董事长刘小腊递交的书面辞职报告。刘 小腊因工作变动原因，申请辞去公司董事长、董事、法定代表人职务。公司董事会推举胡昊 董事代为履行董事长及法定代表人职责。2024年5月，深圳金融监管局核准胡昊担任华润信 托董事和总经理的任职资格。 7月10日，刘小腊辞去华润信托参股机构国信证券的董事职务。同时，国信证券董事会提名胡 昊为非独立董事。华润信托是国信证券的第二大股东，持有22.23%的股份。 从华润信托辞去职务后，刘小腊履任华润金融控股有限公司总经理、华润金控投资有限公司 总经理；华润资产有限公司董事 ...

Core Viewpoint - The conference aims to explore new paths for financial services in technology innovation, emphasizing the need for an open and collaborative industrial financial ecosystem to empower high-quality development in technology finance [2][4][36]. Strategic Planning - The conference highlighted the importance of technology innovation in reshaping global competition, with Shanghai positioned as a key player in building a globally influential technology innovation center [4]. - The strategy involves a dual approach of "institutional openness" and "scenario-based supply" to enhance Shanghai's international financial center competitiveness [4]. - State-owned capital is emphasized as a crucial element in supporting high-level technological self-reliance and innovation resource integration [6]. Ecosystem Construction - The event showcased a sand painting performance symbolizing the strategic vision of building a collaborative investment ecosystem, highlighting the historical achievements of Shanghai Trust in equity investment [15]. - The establishment of four ecological alliances aims to create a win-win framework by gathering long-term capital partners, expanding value opportunities, and driving industrial upgrades [17]. Brand Launch - Two strategic empowerment brands, "YI Family Wealth Research Institute" and "Puyao Academy," were launched to enhance the service capabilities of Shanghai Trust's ecosystem [21]. - These brands focus on providing comprehensive wealth management solutions and knowledge-sharing platforms for innovation-driven enterprises [21]. Market Insights - The conference included discussions on investment philosophies during asset downturns, emphasizing the importance of long-term capital allocation strategies [26]. - Key topics included the valuation logic of hard technology investments and the challenges of commercializing early-stage projects [28]. Entrepreneurial Perspectives - Founders from leading tech companies shared insights on advancements in AI, GPU technology, and intelligent sensing, highlighting practical applications and innovations in their respective fields [30][32][34]. - The discussions underscored the importance of bridging technology with market needs to drive successful commercialization [30][34]. Conclusion - The conference served as a significant milestone for Shanghai Trust in deepening its technology finance strategy and promoting ecosystem collaboration, aiming to enhance financial support for strategic emerging industries [36].

发行人 中铁信托有限责任公司 是经中国银行保险监督管理委员会批准，以金融信 托为主营业务的非银行金融机构，公司业务范围涵盖资金信托、动产信托、 不动产信 托 、 有价证券信托 、投资基金、证券承销、 投资银行业务 等 ，拥有 40 年持续经营 的历史。公司注册资本 50 亿元，建立以成都总部为核心，北上深汉渝为支点，"立足 四川、面向全国"的现代金融服务网络，获准建立有信托行业第三家、四川省内金融机 构第一家博士后创新实践基地，与西南财大联合建立中国信托研究中心。 此次资产证券化产品的成功发行为未来双方进一步深化合作奠定了坚实的基础， 7 月 22 日 ，由申万宏源担任 销售机构 的 中铁信托先锋 13 号应收账款资产支 持专项计划 项目成功发行 。 本期 资产证券化产品 优先 A 级 ， 发行规模 9.09 亿 元，期限 2.75 年 ，票面利率 2.09 % ， 债项评级 AAA ，无外部增信。优先 B 级 ， 发行规模 7.94 亿元，期限 0.92+1+1 年 ，票面利率 1.85 % ， 债项评级 AAA ， 中铁五局 提供 流动性支持。优先 C 级 ， 发行规模 9.9 亿元，期限 1+1+1 年 ...

Core Viewpoint - The recent launch of real estate trust property registration pilots in Xiamen and Guangzhou signifies a significant step in the development of China's trust property registration system, with the aim of enhancing the trust industry and addressing long-standing challenges in real estate trust development [2][6]. Group 1: Pilot Programs Overview - The Xiamen pilot program allows for a broader definition of real estate trust property registration, enabling various types of registrations including the addition of real estate and changes in beneficiaries [3][4]. - The Guangzhou pilot introduces a pre-registration mechanism for real estate, allowing clients to apply for preliminary registration before the trust institution's consent is required for property disposition [4][5]. - Both pilots are part of a broader initiative involving Beijing, Shanghai, Guangzhou, and Xiamen, indicating a growing regional matrix for real estate trust property registration [2][6]. Group 2: Market Dynamics and Opportunities - The pilot programs are primarily located in economically developed regions, reflecting a trend where cities with high real estate values and complex wealth management needs are prioritized for trust development [6][7]. - The potential market for real estate trust services is substantial, particularly in the context of increasing wealth transfer needs among high-net-worth individuals, with estimates suggesting a market size exceeding one trillion yuan [9]. - The unique value proposition of real estate trusts lies in their ability to separate ownership, management, and beneficiary rights, which is increasingly relevant in wealth management and asset protection strategies [9]. Group 3: Challenges and Future Outlook - Despite the initial success of the pilot programs, the overall real estate trust business remains in its infancy, facing challenges such as legal ambiguities, tax policy gaps, and lengthy processing times [7][8]. - The industry recognizes that while real estate trusts may not become mainstream in the short term, their long-term growth potential is significant, driven by demographic changes and evolving wealth management needs [9]. - The pilots are seen as a pathway to establish a national registration system, requiring sustained policy support and market engagement to overcome existing barriers [9].

Core Insights - The introduction of the real estate trust property registration pilot program in Guangdong marks a significant breakthrough in the trust property registration system, aimed at revitalizing real estate and addressing issues related to property in areas such as pension security, family services, and wealth inheritance [1][2][3] Group 1: Real Estate Trust Registration - The first real estate family service trust in Guangdong, named "Yuecai Trust·Aijia and Feng Inheritance Family Service Trust," successfully launched using a pre-registration method, effectively addressing common issues in real estate trust establishment [2] - The pilot program allows for the registration of not only properties with ownership certificates but also pre-sold properties, thus broadening the scope of assets that can be included in real estate trusts [2][3] Group 2: Integration with Pension and Wealth Management - The project integrates wealth inheritance, pension security, and public welfare, providing a comprehensive solution for families in an aging society, thus enhancing the role of trust companies in pension finance [4][5] - The trust system's advantages are now accessible to a wider range of families with wealth management needs, as real estate assets constitute 59.1% of total household assets in China [5] Group 3: Expansion of Pilot Programs - Following Guangdong's initiative, Xiamen has also launched a pilot program for real estate trust property registration, which includes broader definitions and types of registration, enhancing the flexibility of the trust system [6][7] - The Xiamen pilot introduces significant innovations in the registration process, including the recording of both the trustor and beneficiaries in the registration book [6] Group 4: Future Outlook - The nationwide promotion of real estate trust property registration is expected to take time, with a focus on cities with high aging rates and stable property values from 2025 to 2027, aiming for a national system by around 2030 [7]

文/ 光大兴陇信托有限责任公司战略规划部总 经理 袁吉伟 全 球 可 持 续 发 展 挑 战 严 峻， 与 之 相 关的 资金 投 入持 续 提 升 。 当 前 ， 有 关 ESG投资的价值、策略、收益等方面研究较多，但是对于ESG投资本身内 涵和外延的研究较少，有必要深化此方面的研究。本文分析ESG投资的内 涵，对ESG投资进行分类，探讨ESG投资的标准，并针对ESG投资的相关 问题提出针对性建议。 ESG投资的内涵分析 ESG投资的定义 从全球看，联合国认为 ESG投资或可持续投资是将社会、环境以及治理因素纳入投资决策的投资方 法。联合国负责任投资原则组织 （ UN-PRI）将ESG投资定义为将ESG因素融入投资决策和积极所有权的一种投资策略和实践。欧洲可 持续投资论坛视可持续和ESG投资为将ESG因素融入投资组合研究、分析以及投资标的筛选过程的长期 投资方法。安联全球投资者公司认为，ESG投资是将ESG因子融入投资决策的一种投资方法，能够更好 地管理风险以及增强长期投资回报。 从我国看，中国证券投资基金业协会认为ESG社会责任投资是新兴起的一种长期投资理念，即在选择投 资标的时，不仅仅关注其财务绩效，同 ...

股权慈善信托是指委托人基于慈善目的，依法将其合法持有的可转让、无权利负担的股权（股份、 财产份额）作为信托财产，由受托人按照慈善信托文件约定以自身名义进行管理、处分并开展慈善活动 的行为。 市民政局慈善事业促进处工作人员胡景行表示："这份《通知》通过明确股权信托登记规则，可以 盘活'沉睡'的股权资源。同时，也可以确保其公益属性，市场监管部门在股东名册或合伙人名录中，会 将股东名称标注为'受托人全称（慈善信托名称+备案编号）'，避免股权代持引发的纠纷，既保障公示 透明性，又明确区分慈善信托财产权属。"胡景行介绍，《通知》还规范了具体流程，对设立流程和规 范运营作出明确规定，强化对信托财产的合法性审查（如权属清晰、实缴出资）、强化股权慈善信托分 红收益和项目执行的导向。 据悉，该信托的委托人为陕西恩吉欧财务咨询有限公司，其采用"双受托人"模式，由杭州市慈善总 会（杭州市慈善联合会）与昆仑信托共同担任受托人。 杭州市民政局、杭州市市场监督管理局与国家金融监督管理总局浙江监管局日前联合发布《关于做 好股权慈善信托登记试点工作的通知》（下称《通知》），明确自2025年7月1日起启动股权慈善信托登 记试点。 "我们选择以 ...

Core Viewpoint - The pilot implementation of real estate trust registration in Shanghai marks an expansion of real estate trust applications into areas such as family wealth inheritance and special needs for the elderly, contributing to inclusive finance [1][3]. Group 1: Real Estate Trust Cases - Shanghai Trust's case focuses on urban middle-class families, addressing wealth inheritance and quality retirement needs by using a commercial property as trust assets, generating stable cash flow for the client's mother's pension, and ensuring property inheritance for the children [2]. - Aijian Trust's case serves the comprehensive needs of an elderly individual, where the client, a nearly 80-year-old divorced senior, entrusts their only home to a trust company, using rental income as retirement supplement while ensuring the property is inherited by their nephew [2]. Group 2: Trust Mechanism Advantages - Both clients recognize the unique advantages of the trust mechanism in addressing comprehensive family needs, particularly in asset isolation, wealth inheritance, retirement security, and child care compared to other financial tools [2][3]. Group 3: Government and Institutional Support - The simultaneous launch of the two real estate trust registration pilot cases reflects the close collaboration among government departments, regulatory agencies, and financial institutions to meet the actual needs of the public and promote high-quality transformation in the trust industry [3]. - Shanghai Trust has launched a series of innovative family service trusts, including the first real estate family service trust in the country, establishing a distinctive social service model in the fields of retirement and special needs trusts [3]. Group 4: Future Developments - Shanghai plans to continue deepening the real estate trust registration pilot work, enriching the application scenarios, and leveraging the advantages of the Pudong New Area to enhance the legal and regulatory framework, thereby promoting high-quality development in the trust industry [4].

虽然说打击犯罪人人有责，可如果国内机构不能有效在程序上 尊重信托权利人的利益，相关客户或潜在客户将资产配置到海 外的可能性更高。这样一方面造成了我国金融资产的流失，另 一方面在发生案件时，我国司法机构也会更加鞭长莫及。 作者：缪因知 封图：图虫创意 近日，媒体报道了一起国内家族信托被"击穿"（即被否认效力）的案例，在信托界引发轩然大波。 在（2023）苏0602执6286号之一案件中，江苏南通市崇川区法院近期直接将当 事人崔亦某名下的 41 43万元 家族信托资产当作存款进行强制执行。与今年另一起被报道的 山东聊城案件 类似，法 院未遵循诉讼程序来认定信托无效或可撤销，就直接执行了信托财产。 直接被法院执行的"家族信托基金" 此前，崔亦某因行贿罪和合同诈骗罪，被南通中级法院判处有期徒刑14年，并处罚金80万元，同 时需向受害人华润医药商业集团公司（下称"华润公司"）退赔7012万元。 进入执行阶段后，南通崇川区法院执行法官通过金融机构"总对总""点对点"查控系统对崔亦某的财 产进行全面调查，扣划其名下多个银行账户存款合计548.13万元，并查封若干处不动产。 此次，法院又扣划了崔亦某"名下委托第三方保理的家族 ...