在北京市通州区，针对战略性新兴产业融资难题，中国外贸信托通过设立服务信托为企业提供股权管 理、风险隔离、资产运营等综合服务，吸引社会资本投入新能源领域。该项目负责人称："这不仅强化 了信托财产独立性，保障了受益人权益，更为信托服务实体经济领域开辟了新路径。此外，该模式将在 后续系列项目中得到更多应用。" 中国外贸信托家族财富事业部总经理李珊表示："我们不仅要防止股权分散导致家族内耗，更要用制度 守护企业家精神。方案特别约定第三代继承人需完成公益实践等'通关任务'后方可解锁受益权，将财富 传承从'被动分配'升级为'主动培育'。此单生物医药企业股权信托的落地，不仅是中国外贸信托支持专 精特新企业的有益实践，更为非上市公司股权的纳入提供'信托样本'。" 事实上，虽然信托法赋予信托财产独立性，但是非上市公司股权作为信托财产时，因缺乏明确登记规 则，始终存在权属认定模糊、流转程序复杂等问题。《通知》首次明确股权信托的工商登记与金融监管 备案细则，这一创新举措不仅明确区分受托人的固有财产与信托财产，还消除了信托公司开展非上市公 司股权业务时对声誉风险传导的担忧，进一步规范市场秩序。这不仅推动金融服务普惠化，也践行了金 融 ...

Group 1 - 361 Degrees International Limited announced that six shareholders established family trusts to transfer approximately 65.60% of the company's equity, reflecting a shift in wealth inheritance concepts among Chinese family businesses [1] - The establishment of family trusts is part of a broader trend in China, with the recent implementation of equity trust property registration in Beijing, indicating the growth of domestic family trust services [1] - A recent case in Beijing involved a family trust set up by Mr. Xu to address family business issues, allowing him to gradually participate in decision-making while his parents retained control, ensuring a smooth transition [1] Group 2 - The trust structure provides strong protection for family business equity, allowing efficient completion of capital increases or equity transfers while isolating family business equity from personal debts [2] - The 2024 Hurun Wealth Report indicates that there are 5.128 million affluent families with assets of 6 million yuan in China, with 206,600 high-net-worth families and 130,000 ultra-high-net-worth families, highlighting the demand for wealth management and inheritance solutions among high-net-worth individuals [2] - Family assets are identified as core and challenging to inherit, making family trusts a suitable solution for entrepreneurs [2] Group 3 - Family trusts are rapidly developing as a key tool for wealth management and inheritance among high-net-worth individuals, with significant growth reported by various trust companies [3] - For instance, Jianxin Trust reported a family wealth management scale of 125.5 billion yuan in 2024, an 11% increase from the previous year, while Ping An Trust's family trust scale exceeded 50 billion yuan, serving over 2,800 clients [3] - When selecting a family trust service provider, factors such as the trust company's stability, asset allocation capabilities, and family affairs management abilities should be considered [3]

5月9日，获悉，中融信托旗下一产品相关案件二审获得胜诉。近日，北京市高级人民法院二审判决驳回 前海世茂发展(深圳)有限公司(下称"前海世茂")上诉，维持原判。原判为判决被告前海世茂向中融信托 支付回购价款12.73亿元及对应的违约金等。该产品全名为"中融-融筑421号集合资金信托计划"(下称中 融融筑421号)，成立之初拟募集信托资金18亿元，最终募集12.54亿元，此前上市公司塔牌集团 （002233）(002233.SZ)曾于2022年6月公告投该产品1000万已出现延期，计划延期24个月。如今已延期 近三年。根据获取的中融融筑421号临时管理报告显示，信托计划的信托资金用于投资并受让前海世茂 持有的"前海世茂金融中心"35,667.39平方米自持办公物业的特定资产收益权，各笔转让价款投资期间均 为12个月，自各笔转让价款支付日起计算，投资期间届满由前海世茂回购前述特定资产收益权。(界面) ...

又一地方国资企业或出手参与高风险信托机构化险。 近日，华信信托发布《关于选聘风险处置期间法律顾问的公告》，其中提到："我公司风险处置已进入 关键和冲刺阶段。" 据报道，华信信托此前曾将整体风险处置方案上报监管，但未能获批，而此次牵头重组的或仍是大连市 国有金融资本管理运营有限公司（以下简称"大连金运"）。 就上述消息是否属实，以及此次重组方案的具体情况等相关问题，《中国经营报》记者日前向华信信托 方面进行采访核实。"我公司未参与方案制定，故不知进展详情。"华信信托相关负责人回复本报记者 称。 天眼查数据显示，大连金运成立于2022年8月，注册资本100亿元，为大连市财政局全资子公司。 大连市政府官方发布的信息显示，按照大连市委、市政府关于深化国资国企综合改革的决策部署和完善 地方国有金融资本管理体制的政策要求，2022年8月18日，新组建的大连金运正式揭牌。大连金运市级 国有金融资本投资、运营和管理的专业化平台，以服务实体经济、防控金融风险和深化金融改革为使 命。 实际上，此前，地方国资企业已通过参与高风险信托机构重组，以增资或增持等方式对属地信托公司的 风险化解工作给予支持。 比如，4月21日，吉林信托董事 ...

Group 1 - The trust industry is increasingly focusing on the securities market during its transformation period, with many trust companies disclosing their 2024 annual reports that show a significant increase in the allocation of funds to the securities market [1][2] - Trust companies are shifting from traditional non-standard financing to standardized product businesses, with securities market investments becoming a key direction for trust fund allocation, potentially becoming an important source of incremental funds for the securities market [1][2] - Ping An Trust reported a 49.88% year-on-year growth in asset management scale, with its investment trust business growing by 62.06% and securities investment trust business exceeding 590 billion yuan, marking an 84% increase [1] Group 2 - The total scale of trust funds reached 19.95 trillion yuan by mid-2024, a year-on-year increase of 27.1%, with 8.34 trillion yuan allocated to the securities market, accounting for 41.81% of the total [2] - Regulatory bodies are encouraging trust funds to enter the market, as outlined in the joint guidelines from the Central Financial Office and the China Securities Regulatory Commission, which promote the participation of bank wealth management and trust funds in the capital market [2] - Trust fund entry into the securities market is expected to positively impact market structure, liquidity, stability, and investor behavior, enhancing market supply and reducing speculative activities [3]

近日，武汉金融控股（集团）有限公司（以下简称"武汉金控"）发布关于子公司涉及重大诉 讼的公告，子公司华源证券股份有限公司（以下简称"华源证券"）因与吉林蛟河农村商业银 行股份有限公司（以下简称"蛟河农商行"）的侵权责任纠纷被起诉。这一诉讼的背后，牵涉 出一桩9年前的理财纠纷案件。 2016年，蛟河农商行将20亿元资金委托给陆家嘴国际信托有限公司（以下简称"陆家嘴信 托"）设立信托，并用于投资华源证券定向资管，定向资管资金则用于购买邮储银行发行的 理财产品。 2016年10月至11月，蛟河农商行与陆家嘴信托签订一笔信托合同及补充协议，将20亿元资金 委托给陆家嘴信托设立信托，信托资金用于投资华源证券销售管理的"九州证券启航 31 号定 向资产管理计划"，定向资管资金则用于购买邮储银行发行的"财富月月升"理财产品。 对于上述定向资管资金，华源证券和邮储银行武威市文昌路支行签订了《人民币理财产品公 司客户认购协议书》，并与邮储银行武威市分行签订了具有保本保收益担保性质的多项协 议。 然而，这笔资金在购置理财产品不久后就遭遇了诈骗。据原银监会通报，2016年12月末，邮 储银行甘肃省分行对文昌路支行核查中发现，蛟河农 ...

"信托监管则从受托履职和股权管理两个方面加强行为监管和穿透监管，实现了管业务与管主体的有机 统一，为有效防范金融风险，促进信托行业高质量发展夯实了重大制度基础设施。"华鑫信托首席经济 学家袁田说。 近日，国家金融监督管理总局就《信托公司管理办法（修订征求意见稿）》公开征求意见。本次修订围 绕信托公司"受托人"定位要求，除调整信托公司业务范围外，还进一步明确信托公司经营原则、股东责 任、公司治理、业务规则、监管要求、风险处置安排等，完善促进信托业强监管防风险高质量发展的监 管制度体系。 "《办法》已实施18年，部分条款已难以适应当前信托公司风险防范、转型发展和有效监管的需求。"中 国信托业协会特约研究员周萍表示，征求意见稿根据市场变化和行业发展的实际情况，对原有管理办法 进行了全面调整和完善，进一步明确了信托公司的业务范围、经营规则和禁止性行为，引导信托公司回 归信托本源，专注于资产管理、财富管理等核心业务。这有助于信托公司更好适应市场需求，促进信托 行业健康可持续发展。 本次修订内容主要体现在4个方面：一是聚焦主责主业，坚持回归本源；二是坚持目标导向，强化公司 治理；三是加强风险防控，规范重点业务环节；四是强 ...

■邢萌 4月30日，第十四届全国人民代表大会常务委员会第十五次会议表决通过《中华人民共和国民营经济促进法》，其中对金 融机构服务民营经济作出系统性规定——金融机构在依法合规前提下，按照市场化、可持续发展原则开发和提供适合民营经济 特点的金融产品和服务。 同样在4月份，股权信托迎来重大制度性突破，有望开创服务民营经济新范式。4月中旬，北京在全国率先试行股权信托财 产登记工作，首次明确股权信托财产登记操作细则，使股权资产明确标注为信托财产，填补了关键性登记制度缺失的空白。短 短数日后，中信信托落地全国首单股权信托财产登记业务，这有望成为股权信托规模化发展的开端。 股权信托，是指委托人依法将其股权转移给信托机构或者委托信托机构出资入股，由信托机构按照委托人的意愿以受托人 名义对该股权进行管理、运用和处分的信托业务。通俗来说，股权信托类似于"股权代管"，由企业股东将所持股权交给专 业"股权管家"（信托机构）运作，信托机构按照股东意愿管理股份，决定或建议怎么分红、如何投票、股权交易等事项，进而 实现股东资产保值增值等特定目的。 我国民营经济体量巨大，仅民营上市公司的总市值就达到30余万亿元，股权市场空间广阔。现实中，企 ...

彩虹股份（600707）公告，公司控股股东咸阳金控质押7600万股，占其所持股份比例6.83%，占公司总 股本比例2.12%。质押起始日为2025年5月6日，质权人为陕西省国际信托股份有限公司，质押融资资金 用于自身经营需要。咸阳金控及其一致行动人累计质押股份8.5亿股，占其持股数量比例69.54%。 ...

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]