【 导读 】上海信托董事长崔炳文任职资格获批，此前系浦发银行副行长 中国基金报记者 马嘉昕 10 月 13 日，国家金融监督管理总局上海监管局批复公告称，核准崔炳文上海国际信托有限 公司（以下简称上海信托）董事、董事长的任职资格。这意味着上海信托董事长正式落定。 今年 7 月，在上海信托召开的 2025 年中工作会议暨党建工作会议上，崔炳文作为浦发银行 副行长出席会议。会上，他明确提出未来上海信托的三大目标，提出上海信托要助力高质量 发展、与母行融合发展，同时，进一步提升自身盈利能力和经营水平，打造独具信托特色的 业务和服务，为上海国际金融中心建设添砖加瓦。 据官网资料，上海信托成立于 1981 年，是国内最早成立的信托公司之一，注册资本为 50 亿元，主要从事资产管理、家族及财富管理业务，为高净值客户提供专业的理财方案与服 务，业务领域主要涵盖股权债权融资、证券投资、另类投资、工商受托、公益信托、投行服 务、家族传承等，是目前国内信托行业业务品种齐全、产品服务体系完备的专业投资机构之 一。 从股权结构来看，浦发银行是上海信托最大股东，持股比例为 97.3333% ，此外，上海汽车 集团股权投资有限公司持股比 ...

Core Viewpoint - The approval of Cui Bingwen as the chairman of Shanghai International Trust Company marks a significant leadership change in the company, which is undergoing a transformation to adapt to the evolving financial landscape and regulatory environment [1][2]. Company Overview - Shanghai International Trust, established in 1981, is one of the earliest trust companies in China with a registered capital of RMB 5 billion. The company is primarily owned by Shanghai Pudong Development Bank, holding 97.3333% of the shares [1]. - The company specializes in asset management and wealth management services for high-net-worth clients, offering a comprehensive range of products including equity and debt financing, securities investment, alternative investments, and family legacy services [1]. Leadership Changes - Cui Bingwen, currently a member of the Party Committee and Vice President of Shanghai Pudong Development Bank, has been approved to take on the role of chairman at Shanghai Trust. His previous roles include various leadership positions within the bank [1][2]. - The company had previously indicated a potential leadership change, with Zhang Baoquan being considered for the chairman position, but the recent approval confirms Cui's appointment [2]. Financial Performance - In the latest financial report, Shanghai Trust reported a significant decline in revenue, with operating income of RMB 1.852 billion, down 77.25% year-on-year, and a net profit of RMB 669 million, down 86.49% year-on-year [2]. - The trust asset management scale reached RMB 956.823 billion by the end of 2024, reflecting an 82.9% increase from the beginning of the year. The company reported non-performing assets of RMB 55.5 million, with a non-performing asset ratio of 2.48%, a decrease of 1.15 percentage points from the start of the year [2]. Industry Context - The trust industry is currently experiencing significant personnel changes and a restructuring of development paths, with many companies focusing on retail transformation, risk management, and collaboration with securities firms [3][5]. - The new "Trust Company Management Measures" introduced by the regulatory authority emphasizes the core role of trust companies in asset management and risk control, aiming to return to the fundamental principle of "trustee responsibility" [4][5].

Core Viewpoint - The approval of Cui Bingwen as the new chairman of Shanghai International Trust marks a significant leadership change for the company, which is one of the earliest established trust companies in China and is known for its comprehensive range of financial services [1][5]. Company Overview - Shanghai International Trust was established in 1981 with a registered capital of 5 billion yuan. The company is primarily engaged in asset management and wealth management services for high-net-worth clients, covering various areas including equity and debt financing, securities investment, alternative investments, and family legacy services [2]. - The company is controlled by Shanghai Pudong Development Bank, which holds a 97.3333% stake [2]. Leadership Changes - The recent appointment of Cui Bingwen as chairman follows the departure of former chairman Pan Weidong, who had served since June 2008. Pan stepped down from his roles in December 2022 but remains the legal representative of the company [3][5]. - Cui Bingwen, born in 1969 and holding a doctoral degree, has extensive experience in the financial sector, previously serving in various leadership roles at Shanghai Pudong Development Bank and other institutions [5]. Financial Performance - In 2024, Shanghai International Trust reported a significant decline in financial performance, with a net profit of 669 million yuan, down 86.49% year-on-year. The company’s operating revenue also fell by 77.25% to 1.852 billion yuan [6]. - The drastic changes in net profit are attributed to high investment income in the previous year, particularly from the sale of a 51% stake in a fund management company, which inflated the 2023 profits [6]. Asset Management - As of the end of 2024, Shanghai International Trust managed trust assets totaling 956.823 billion yuan, reflecting an 82.9% increase from the beginning of the year. The company reported a non-performing asset total of 55.5 million yuan, with a non-performing rate of 2.48%, down 1.15 percentage points from the start of the year [7]. - The company is actively pursuing a transformation strategy in response to the evolving economic landscape, focusing on enhancing wealth management and asset management capabilities while cautiously managing financing-related business scales [7].

据公司官网，上海信托成立于1981年，是国内最早成立的信托公司之一，公司注册资本人民币50亿元。 上海信托主要从事资产管理、家族及财富管理业务，为高净值客户提供专业的理财方案与服务，业务领 域主要涵盖股权债权融资、证券投资、另类投资、工商受托、公益信托、投行服务、家族传承等范围， 是目前国内信托行业业务品种齐全、产品服务体系完备的专业投资机构之一。 2024年年报显示，上海信托实现合并报表营业收入31.40亿元，净利润9.57亿元。 （原标题：上海信托董事长落定 崔炳文获批担任董事长） 10月13日，国家金融监督管理总局上海监管局公布相关批复，核准崔炳文上海国际信托有限公司(以下 简称："上海信托")董事、董事长的任职资格。以下是相关批复正文： 据公开资料，崔炳文是一位"银行系"金融老将，现任上海浦东发展银行党委委员、副行长、总法律顾 问。 ...

Group 1 - The Sichuan Financial Regulatory Bureau approved Li Zhengbin's qualification as the General Manager of China Railway Trust Co., Ltd. on October 13, 2025 [1] - Prior to the formal approval, Li Zhengbin was already designated as the General Manager (proposed) and participated in business exchanges on September 23, indicating a signal of position adjustment [3] - Li Zhengbin was previously appointed as the Deputy General Manager just a year prior, highlighting a rapid career progression [4] Group 2 - The former General Manager, Chen Chi, transitioned to a full-time external director role at China Railway Urban Investment and China Railway Opening Investment in April 2025, leading to the vacancy filled by Li Zhengbin [5] - China Railway Trust is a non-bank financial institution with a registered capital of 5 billion yuan and manages assets exceeding 600 billion yuan, employing 350 staff [5] - In 2024, China Railway Trust reported revenue of 1.33 billion yuan, a year-on-year increase of 22.24%, and a net profit attributable to shareholders of 238 million yuan, up 4.4% year-on-year [6]

Group 1 - The People's Bank of China (PBOC) and the Monetary Authority of Macao signed a memorandum to enhance cross-border payment efficiency and service levels, promoting economic activities and personnel exchanges between the mainland and Macao [1] - The PBOC conducted a 137.8 billion yuan reverse repurchase operation with a rate of 1.40%, indicating a policy intent to maintain market liquidity balance [2] - Tianjin has launched a pilot for real estate trust property registration, introducing an innovative "holding + purchasing" dual-track model to enhance the management and transfer of trust assets, potentially revitalizing approximately 30 trillion yuan of trust assets [3] Group 2 - Banks are increasingly allocating funds to science and technology innovation bond ETFs, marking a significant shift in investment strategies and reflecting confidence in innovative bonds [4] - Multiple small and medium-sized banks have implemented intelligent outbound calling systems for debt collection, risk control, and marketing, indicating a trend towards AI application in the banking sector [5]

Core Viewpoint - The Shanghai Regulatory Bureau of the National Financial Supervision Administration has approved the appointment qualifications of Cui Bingwen as the director and chairman of Shanghai International Trust Co., Ltd [1] Company Summary - Cui Bingwen has been appointed as the director and chairman of Shanghai International Trust Co., Ltd, indicating a potential shift in leadership and strategic direction for the company [1]

Group 1 - The core viewpoint of the article highlights that Jingu Trust is gaining increasing trust from institutional investors due to its robust operational strategy and excellent performance [2][5] - Hisense Home Appliances has entered into a financial agreement with Jingu Trust to subscribe to financial products amounting to RMB 1.739 billion, reflecting effective management of idle funds and market recognition of Jingu Trust's products [2][4] - Jingu Trust has shown continuous improvement in operational performance, with a reported revenue of RMB 1.442 billion and a net profit of RMB 559 million in 2024, achieving a return on equity (ROE) of 11.39% [4] Group 2 - In the first half of 2025, Jingu Trust achieved a total profit of RMB 602 million, ranking in the top 10 among 52 trust companies, with a net profit of RMB 450 million, successfully meeting its growth targets [4][5] - As of June 30, 2024, Jingu Trust managed assets totaling RMB 322.9 billion, a 74% increase from the beginning of the year, and wealth sales reached RMB 63.7 billion, a significant year-on-year increase of 142% [4] - Hisense Home Appliances has been actively investing in trust products, with subscriptions increasing from RMB 6.8 billion in 2023 to RMB 11.1 billion in 2024, and surpassing RMB 11 billion in 2025 [4][5]

Core Viewpoint - The article discusses the expansion of real estate trust property registration trials in Tianjin, following similar initiatives in Beijing, Shanghai, Guangzhou, and Xiamen, with North International Trust Co., Ltd. facilitating the first real estate trust business in Tianjin [1] Group 1: Industry Developments - Tianjin has joined the pilot program for real estate trust property registration, enhancing the application of relevant policies [1] - North International Trust has successfully implemented the "Revitalization. Tianjin Chen 1" real estate service trust, addressing the integration challenges of scattered state-owned real estate assets [1] Group 2: Company Initiatives - North International Trust designed a tailored trust structure for Tianjin Chen Kai New Energy Property Management Co., Ltd., utilizing multiple commercial properties across different administrative regions as trust assets [2] - The trust structure aims to isolate the trust assets from the client's other assets, mitigating risks associated with operational changes and enhancing the overall operational efficiency of state-owned assets [2] - North International Trust acts as the trustee, establishing a unified asset management platform to improve the overall yield of the asset portfolio through professional management and lifecycle management [2]

Core Viewpoint - Hisense Home Appliances (00921.HK) has announced a disclosure transaction involving multiple financial agreements with Jingu Trust, with a total subscription amount of 1.739 billion RMB for trust financial products [1] Group 1: Transaction Details - Hisense Home Appliances Group and its subsidiaries will subscribe to Jingu Trust financial products between May 27, 2025, and October 13, 2025 [1] - The total subscription amount for these agreements is 1.739 billion RMB [1] - Each agreement is categorized as fixed-income, medium-low risk financial products, with investment scope including deposits and bonds [1] Group 2: Regulatory Compliance - The combined subscription amount exceeds 5% but is below 25%, thus constituting a disclosure transaction under the listing rules [1] - The company is required to comply with the reporting and announcement regulations as per the listing rules [1] Group 3: Impact on Company Operations - The subscription of Jingu Trust financial products is expected to enhance the efficiency of the company's idle funds [1] - It will not adversely affect the company's daily operations, main business development, or the rights of small and medium investors [1] - The board believes that the subscription is fair and reasonable, aligning with the overall interests of the company and its shareholders [1]