2025年4月2日，中国外贸信托与国投泰康信托同日完成了不动产信托登记双首单落地，两家公司分别在昌平区和通州区成为不 动产信托登记首批实践者之一。 王张悦介绍，中国外贸信托的案例委托人为"422家庭"的中年群体，家庭包括四位老人、夫妻二人及两个孩子，涉及三个家庭的 非住宅类资产，包括仓储用房、车位等。通过设立服务信托，这些核心资产得以集中管理，并配套慈善捐赠机制。房屋租金收 入每年直接用于慈善捐赠，同时兼顾子女抚养和父母赡养，实现了财富管理与社会责任的结合。 王张悦表示，无论是个人、家庭还是企业，对信托工具的需求都越来越凸显。随着未来"十五五"规划转向以资金为上游，所有 产品和服务都将服务于资金需求，信托工具的重要性将愈发明显。 2024年底，国家金融监督管理总局北京监管局、北京市规划和自然资源委员会联合发布《关于做好不动产信托财产登记工作的 通知(试行)》，推进北京市辖内信托机构规范开展不动产信托业务。 南方财经全媒体记者 林汉垚 近日，为凝聚行业智慧、探寻发展新路径，由南方财经全媒体集团指导、21世纪经济报道主办的"第二十届21世纪金融年会"在 北京盛大召开。 在下午的"财富管理的低利率之问"圆桌论坛上， ...

Core Viewpoint - Ping An Trust and Ping An Zhenyi Nian have launched a new "insurance + trust + elderly care service" ecosystem model, integrating financial and elderly care resources to manage retirement funds independently, ensuring targeted payments and risk isolation throughout the entire aging process [1][2] Group 1: Strategic Cooperation and Government Role - The strategic cooperation is a significant exploration by the Shenzhen Futian District government and local financial institutions to implement central leadership directives on elderly care services, focusing on improving people's livelihoods and innovating work mechanisms [2] - The local government is promoting a mechanism that combines "government leadership" with "market and social collaboration," encouraging social capital to enter the elderly care service system [2] Group 2: Advantages of Trust Companies in Elderly Finance - Trust companies are seen as natural guardians of long-term interests, providing risk isolation for retirement funds and flexible distribution mechanisms, which can cater to the needs of wealth inheritance across generations [2][3] Group 3: New Trust Model Features - The upgraded Ping An Trust elderly service trust model will achieve four major functional advancements: 1. The "safety deposit box" function for fund management, ensuring the security of retirement funds against various risks [4] 2. The "amulet" function for wealth inheritance, allowing clients to flexibly arrange payment methods and meet both retirement and inheritance needs [4] 3. The "expressway" function for service payments, enabling seamless payment for elderly care services through trust accounts [5] 4. The "universal access" function for ecological services, integrating various resources to meet comprehensive financial and non-financial needs throughout the aging process [5] Group 4: Commitment to the Elderly Care Industry - The collaboration between Ping An Trust and Ping An Zhenyi Nian embodies the principle of "finance for the people," aiming to provide a replicable model for the elderly care industry and contribute to addressing the challenges of an aging population [5]

Core Viewpoint - China Aviation Trust Co., Ltd. has been fined for providing financing to projects that do not meet regulatory requirements, highlighting ongoing compliance issues and a decline in operational performance [1][4][6] Regulatory Actions - China Aviation Trust was fined 300,000 yuan for providing financing to non-compliant projects, with related personnel fined a total of 180,000 yuan [4][6] - The company has faced multiple penalties since 2018 for similar violations, including a 400,000 yuan fine in 2024 for lending to companies without the necessary qualifications [5][6] Company Background - China Aviation Trust, formerly known as Jiangxi Jiangnan Trust Co., Ltd., was established as a foreign-invested enterprise and has a registered capital of 6.466 billion yuan, managing assets exceeding 600 billion yuan [5] - The major shareholders are China Aviation Investment Holding Co. (84.42%) and Overseas Chinese Bank (15.58%) [5] Financial Performance - The company has experienced a significant decline in revenue and net profit since 2021, with total revenue dropping from 3.488 billion yuan in 2021 to 1.238 billion yuan in 2023, a decrease of 64.5% [8] - Net profit fell from 1.679 billion yuan in 2021 to approximately 83.87 million yuan in 2023, reflecting a nearly 90% decline [8] Operational Challenges - In 2025, China Aviation Trust entered a "trustee" status, with its operations managed by other trust companies, indicating a loss of management capability [7][9] - The company has been criticized for its poor performance in fulfilling housing delivery obligations, further complicating its operational challenges [8] Recommendations for Improvement - Experts suggest that China Aviation Trust should conduct a comprehensive audit to clarify its financial status and improve operational performance [9] - There is a need for enhanced transparency and stricter adherence to legal regulations to rebuild trust with investors and regulators [9]

Core Viewpoint - The recent trend of financial institutions in China, such as Northeast Securities and China Aviation Fund, abolishing their supervisory boards reflects a significant shift in internal governance structures, driven by the new Company Law effective from July 2024, which allows for the audit committee to assume the supervisory board's responsibilities [1][2]. Group 1: Background and Context - Financial institutions established supervisory boards to prevent power abuse through financial and performance oversight, but issues such as lack of independence and professionalism have led to their marginalization [1]. - The new Company Law provides a legal basis for financial institutions to optimize governance structures by allowing the audit committee to take over the supervisory board's functions [1]. Group 2: Implications of the Change - The transition from supervisory boards to audit committees is expected to enhance governance efficiency by resolving overlapping supervisory functions, which previously led to unclear responsibilities and resource wastage [2]. - Audit committees, typically composed of independent directors with financial and risk management backgrounds, are seen as more capable of providing effective oversight compared to the often internally dominated supervisory boards [2]. - The integration of the audit committee within the board of directors allows for earlier involvement in major decision-making processes, thereby strengthening risk control from the outset [2]. Group 3: Challenges Ahead - While the audit committee is positioned to enhance internal governance, it faces the challenge of ensuring accountability not only to the management but also to the board of directors, which is crucial for effective oversight [2].

【大河财立方消息】11月28日消息，大连金融监管局近日批复，同意华信信托股份有限公司（以下简称华信信托）依 法进入破产程序。 华信信托风险处置工作已有数年。2019年，华信信托被列入6家高风险信托公司之列；2020年4月，华信信托因"资金 池"业务违规被监管叫停，同年9月，华信信托持续发布多只产品延期兑付公告，11月，华信信托面向全国征集战略投 资者，拟引入单一或多家战略投资者。 2021年，原银保监会工作组进驻华信信托。此后华信信托分别进行两次信托受益权转让，累计兑付本金9.2%，剩余 90.8%本金展期。 今年8月，华信信托风险处置迎来关键进展。彼时，华信信托发布公告称，收到大连安鼎企业管理有限公司（简称收 购公司）致函。根据来函，收购公司将按照风险处置的整体安排，于2025年9月25日前收购符合资格的个人投资者的 信托受益权，委托公司公告并协助处理相关签约事宜。华信信托重组方有关信息至此也得以明确。 公开资料显示，华信信托成立于1981年，注册资本66亿元，是辽宁省唯一一家信托公司。 责编:李文玉 | 审核:李震 | 监审:古筝 ...

Core Viewpoint - The trust industry is entering a new development cycle driven by internal dynamics and changing client demands, despite the challenges posed by declining market interest rates and traditional asset management pressures [1][2]. Group 1: Industry Transformation Drivers - The trust industry is experiencing a transformation driven by clear regulatory policy directions, particularly the enhanced importance of asset service trusts in the new "three-category" business framework [1]. - The demand for stable and professional wealth management tools is increasing among family clients, who are seeking solutions to manage their wealth in a complex environment [2]. Group 2: Real Estate Trust Insights - The Guangdong pilot program for real estate trusts features three key characteristics: pre-registration for properties not immediately ready for delivery, no restrictions on trust companies from outside the region, and the ability to combine pre-registration with will trusts for smoother asset transfer [3]. - Trust companies are motivated to engage in real estate trusts not solely for direct property income but also due to the trust placed in them by clients who entrust significant assets [3][4]. Group 3: Equity Trust Perspectives - In the equity trust sector, income is derived not only from setup and management fees but also from dividend distributions, which are essential for wealth transfer to beneficiaries [5]. - The long-term operation of equity trusts can lead to the accumulation of management fees through prudent asset allocation and reinvestment of dividend funds into trust company products [5]. Group 4: Future Outlook - The expectation is for continuous improvement in regulatory frameworks, allowing wealth managers to support clients in the long-term transmission of family values and core assets [5].

本报（chinatimes.net.cn）记者刘佳 北京报道 信托公司改革治理正进入实质性落地阶段。 两公司明确裁撤监事会 作为行业首批完成调整的信托机构，建元信托与山东国信为行业提供了实操样本。 建元信托启动改革最早发生在今年7月。彼时公告显示，建元信托于7月30日通过股东大会决议后，于11 月11日收到国家金融监督管理总局上海监管局的批复（沪金复〔2025〕714 号），明确核准修订后公司 章程生效，监事会同步撤销，原职权由风险控制与审计委员会承接，公司《监事会议事规则》同步废 止。建元信托从决议通过到监管批复，用时仅3个半月的时间。 山东国信则是在11月17日集中披露关键进展。其公告显示，山东国信收到山东金融监管局的批复（鲁金 监复〔2025〕508 号），自11月10日起不再设立监事会，职权交由董事会审计委员会承接，9名原监事 全部离任。 "两家上市信托公司的调整均遵循监管批复到章程修订再到职权交接的规范流程，这一操作确保了治理 转型的平稳过渡。"信托行业分析师柏托分析称。 一位华南地区信托公司合规负责人向记者坦言，传统监事会模式存在监督滞后、职能重叠等问题，而审 计委员会由独立董事主导，可更及时地介 ...

Core Viewpoint - The Supreme People's Court and the Supreme People's Procuratorate have jointly released six typical cases of punishing financial sector job-related crimes, emphasizing strict legal enforcement against corruption in the financial industry [1] Group 1: Strict Legal Punishment - The cases highlight a firm stance on severe punishment for corruption in financial regulation, with significant penalties imposed on individuals involved in corrupt practices [2] - Liu, a financial regulatory official, was sentenced to death with a two-year reprieve and life imprisonment for accepting over 150 million yuan in bribes and causing substantial financial losses [2] - Wu, a bank president, was sentenced similarly for accepting bribes totaling 275 million yuan and misappropriating over 508 million yuan in public funds [2] Group 2: Targeting New Forms of Hidden Corruption - The cases also focus on addressing new forms of hidden corruption, such as bribery disguised as labor compensation or profit-sharing without actual investment [3] - Huang's case exemplifies the "revolving door" phenomenon in political and business corruption, while Li and Xu's cases illustrate the typical manifestations of hidden corruption [3] Group 3: Multi-Sector Coverage - The cases encompass various sectors within finance, including regulatory bodies, banks, and trusts, demonstrating a comprehensive approach to tackling job-related crimes across the financial landscape [4] - Wang's case involved misappropriation of public funds through fraudulent financial agreements, leading to a life sentence, showcasing the judiciary's commitment to deterring financial crimes [4] - Zeng's case involved illegal loan approvals despite known non-compliance with lending conditions, resulting in significant economic losses for a trust company, further emphasizing the need for strict enforcement in financial management [4]

Core Viewpoint - The Supreme People's Court and the Supreme People's Procuratorate have jointly released six typical cases of punishing financial sector job-related crimes to enhance education, warning, and deterrence effects [1] Group 1: Characteristics of the Cases - The cases emphasize strict legal punishment, with significant amounts involved, such as Liu's bribery totaling over 1.5 billion yuan and Wu's bribery and embezzlement amounting to 2.75 billion yuan [2] - The cases target new forms of hidden corruption, exemplified by Huang's case, where bribes were disguised as "labor remuneration" [2] - The cases cover multiple sectors, including financial regulation, banking, and trust, reflecting a comprehensive approach to tackling job-related crimes across the financial industry [2] Group 2: Case Summaries - Liu's case involved receiving over 1.5 billion yuan in bribes while serving in a financial regulatory role, leading to significant loan losses [4][6] - Wu's case, as a bank president, included embezzling over 5.08 billion yuan and receiving bribes exceeding 1.32 billion yuan, resulting in severe penalties [8][10] - Huang's case highlighted the "revolving door" phenomenon, where he received 30 million yuan disguised as "settlement fees" while facilitating business for a company [13][15] - Li and Xu's case involved receiving over 1.43 billion yuan through profit-sharing arrangements without actual investment, showcasing a "cooperative operation" model of bribery [17][18] - Wang's case illustrated the use of fake financial products to embezzle over 17.7 billion yuan, alongside multiple bribery charges totaling over 1.6 billion yuan [20][21] - Zeng's case involved approving loans totaling over 2.3 billion yuan despite knowing the borrower was unqualified, resulting in significant financial losses [24][25] Group 3: Significance of the Cases - Liu's case serves as a warning against corruption in financial regulation, emphasizing the importance of maintaining financial market order and protecting public interests [7] - Wu's case highlights the critical role of bank executives in safeguarding financial security and the consequences of abusing power for personal gain [12] - Huang's case underscores the challenges of detecting and prosecuting "revolving door" corruption, reinforcing the need for vigilance in the financial sector [16] - Li and Xu's case reflects the risks associated with trust management and the necessity for strict adherence to regulatory standards to prevent financial instability [19] - Wang's case demonstrates the severe repercussions of financial misconduct, aiming to restore trust in financial institutions [23] - Zeng's case illustrates the dangers of negligence in loan approvals, stressing the need for accountability in financial decision-making [26]

Core Points - Western Pacific Trust Company (WP) has appointed Catherine Schaeffer as Vice-President, Operations, effective January 1, 2026, pending regulatory approval [1] - Ms. Schaeffer will be responsible for overseeing operational performance and developing continuous improvement initiatives within the organization [2] - Catherine Schaeffer has 23 years of experience in senior positions at the company and is recognized for her leadership and operational excellence [3] Company Overview - Western Pacific Trust Company is a licensed trust company authorized to conduct non-deposit taking trust business in British Columbia, Alberta, and Saskatchewan [5]