Core Viewpoint - Jianyuan Trust's stock price has shown fluctuations with a recent increase of 2.30%, while the company has experienced an overall decline of 11.14% this year [1] Group 1: Stock Performance - As of September 29, Jianyuan Trust's stock price is 3.11 CNY per share, with a trading volume of 2.17 billion CNY and a turnover rate of 1.29%, resulting in a total market capitalization of 30.616 billion CNY [1] - Year-to-date, Jianyuan Trust's stock has decreased by 11.14%, with a 5-day decline of 5.18%, a 20-day increase of 3.32%, and a 60-day increase of 7.61% [1] - The company has appeared on the "Dragon and Tiger List" twice this year, with the most recent instance on September 19, where it recorded a net buy of -38.1765 million CNY [1] Group 2: Financial Performance - For the first half of 2025, Jianyuan Trust reported zero operating revenue, while the net profit attributable to shareholders was 40.2897 million CNY, reflecting a year-on-year growth of 13.36% [2] - Cumulative cash dividends since the A-share listing amount to 4.622 billion CNY, with no dividends distributed in the past three years [3] Group 3: Shareholder Information - As of June 30, 2025, Jianyuan Trust had 86,300 shareholders, an increase of 16.23% from the previous period, with an average of 63,356 circulating shares per shareholder, a decrease of 13.96% [2] - The top ten circulating shareholders include Southern CSI 500 ETF, holding 58.8595 million shares, an increase of 8.3261 million shares from the previous period [3]

今年3月18日，国家金融监管总局北京监管局发布公告，核准林志忠金谷信托董事、董事长的任职资 格。 8月18日，信达证券召开 2025 年第一次临时股东大会，审议通过了《关于补选公司第六届董事会非独立 董事的议案》，同意选举林志忠为其第六届董事会非独立董事。 随后，9 月 26 日，信达证券又召开第六届董事会第十六次会议，同意选举林志忠为公司第六届董事会 董事长，同时任战略规划委员会委员、主任委员，薪酬与提名委员会委员。 也就是说，从正式获批担任金谷信托董事长，到被选举为信达证券董事长，林志忠仅在金谷信托履职半 年时间。 在担任金谷信托董事长前，林志忠担任中国信达上海分公司党委书记、总经理。此外，林志忠还曾任职 于中国建设银行，中国信达总部、湖南省分公司、深圳市分公司等。在中国信达任职期间，林志忠曾任 中国信达福建省分公司党委书记、总经理，中国信达总部股权经营部总经理，战略客户一部总经理。 目前，金谷信托由其董事、总经理、法定代表人马承宇代为履行董事长职务。 据了解，马承宇曾多次代为履行董事长职务。 南方财经全媒体记者 林汉垚 担任金谷信托董事长半年后，林志忠赴任信达证券。 近日，信达证券发布公告，因工作安排调 ...

Core Insights - Ping An Trust has recently won two significant industry awards, the "Topological Award" and the "Golden Bull Award for One-Year Mixed Products" for its "Ping An Trust Ansheng Stable TOF1 Collective Fund Trust Plan" [1][6] Group 1: Company Performance - In 2024, Ping An Trust achieved an operating income of 14.148 billion yuan and a net profit of 3.421 billion yuan, with asset management scale increasing by 49.88% year-on-year and investment scale growing by 62.06% [4] - As of June this year, the overall scale of Ping An Trust's wealth management service trust business exceeded 226 billion yuan, accounting for nearly 20% of the industry, serving over 46,000 clients [4] - The insurance trust business exceeded 173 billion yuan, holding over 30% market share, while the family trust business surpassed 53 billion yuan, serving over 3,000 clients [4] Group 2: Investment Strategy - Ping An Trust has established a comprehensive investment research system covering macro research, credit research, and asset allocation, supporting investment decisions effectively [5] - The award-winning "Ping An Trust Ansheng Stable TOF1 Collective Fund Trust Plan" is designed to meet client demand for low-volatility products, utilizing a diversified strategy across various asset classes to minimize risk and ensure steady asset appreciation [5][6] Group 3: Industry Recognition - The recent awards reflect the market's high recognition of Ping An Trust's professional capabilities, innovation, risk management, and product performance [6] - The company aims to continue enhancing its professional capabilities and service levels, contributing to the high-quality development of the trust industry [6]

来源：中国证券报 9月28日，由中国证券报主办的"长钱 长投 长青"2025保险业、信托业高质量发展大会在北京举行。来自 保险公司、保险资管公司、信托公司的100余位机构高管及金融业内人士齐聚一堂，就行业转型、创新 探索与服务国家战略等议题展开深入讨论。 从宏观环境来看，内需潜力的释放成为推动经济高质量发展的重要动力。第十四届全国政协委员、中国 发展研究基金会理事长、国务院发展研究中心原副主任张军扩表示："我国内需潜力十分巨大，关键是 如何把它有效释放出来。"他建议，从多方面协同发力，包括以更大力度支持服务型消费，特别是针对 群众急难愁盼的教育、医疗、养老等方面问题，政府可加大补贴力度提振居民消费意愿，增强居民消费 能力。 在释放内需的过程中，保险业迎来新的发展机遇。原中国保监会副主席周延礼表示，随着人口老龄化加 剧，养老险市场需求将持续增长，为保险业提供广阔的发展空间。保险业要发挥规模优势、久期优势， 做好资产管理。同时，需加强产品创新和市场推广，提高养老保险第三支柱的市场竞争力和覆盖面。 国寿资产副总裁刘凡进一步阐释，保险资金具备"长钱长投"的独特属性，拥有成为"耐心资本"的潜力， 这一特性使其天然契合资 ...

Core Insights - The conference "Long Money, Long Investment, Long Prosperity" highlighted the insurance and trust industries' transition towards high-quality development, emphasizing their roles in supporting the real economy and stabilizing capital markets [1][2] Group 1: Industry Transformation - Over 100 executives from insurance and trust companies gathered to discuss industry transformation, innovation, and alignment with national strategies [1] - The insurance sector is expected to leverage its "long money, long investment" characteristics to meet long-term capital market demands, distinguishing it from other financial institutions [2] Group 2: Economic Environment - The release of domestic demand is identified as a key driver for high-quality economic development, with calls for increased government support in service-oriented consumption, particularly in education, healthcare, and elderly care [1] - The demand for pension insurance is projected to grow, providing significant development opportunities for the insurance industry [1] Group 3: Asset Management and Innovation - The insurance industry is encouraged to enhance asset management capabilities and innovate products to improve the competitiveness and coverage of the third pillar of pension insurance [1] - The trust industry is undergoing adjustments and exploring new vitality, with a focus on its unique advantages in asset allocation and wealth transfer [2] Group 4: Mechanism and Capability Building - Mechanism and capability development are crucial for achieving high-quality growth in the insurance sector, with a recommendation for life insurance companies to strengthen their balance sheets [2] - The trust industry is entering a new phase of high-quality development, supported by improved top-level design [2]

Core Insights - The article highlights the winners of the "Golden Bull Award" for various categories in the trust industry, including family trusts, charitable trusts, and fixed-income products [1] Group 1: Family Trusts - Shanghai International Trust Co., Ltd. and China Foreign Economic and Trade Trust Co., Ltd. received recognition in the family trust category [1] - Other notable winners include Jiangsu International Trust Co., Ltd. and Guotou Taikang Trust Co., Ltd. [1] Group 2: Charitable Trusts - The winners in the charitable trust category include Citic Trust Co., Ltd. and Shanghai International Trust Co., Ltd. [1] - Zhongguo Cuncheng Trust Co., Ltd. and Yingda International Trust Co., Ltd. were also recognized [1] Group 3: Fixed-Income Products - The three-year fixed-income product award was given to several plans, including Huaxin Trust's Xin Xin Feng Li No. 6 and Jiao Yin Guo Xin's Hui Yi No. 7 [1] - One-year fixed-income product winners include Huaxin Trust's Xin Xin Feng Li No. 8 and Yunnan Trust's Yu Xiang Gu Shi No. 6 [1] Group 4: Mixed Products - The three-year mixed product award was won by plans such as Wai Mao Trust's Jin Yuan TOT and Jiao Yin Guo Xin's Feng Yun No. 68 [1] - One-year mixed product winners include Yingda Trust's Wen Jian Zeng Zhang No. 2 and Shanghai Trust's "Xiang Yang" series [1]

● 本报记者 石诗语 "经过近年来的行业调整，我们对信托行业未来发展的信心更强了。"陈兵表示，信托制度在财产独立、 风险隔离、财富传承和资产配置方面具有独特优势，通过信托制度和工具对股权、资金、房产等进行跨 代安排已经成为其切实需求。信托行业"1+N"顶层设计逐步完善，信托行业进入了高质量发展新阶段。 经过这些年的艰难探索，上海信托对重塑展业模式的底气更足了。陈兵在大会上表示，上海信托充分发 挥信托功能优势，持续构建财富管理和资产管理循环驱动的商业模式。 具体来看，一是重塑客户服务体系，立体化推进财富管理服务信托账户体系建设。截至今年上半年末， 上海信托财富管理服务信托规模存续单数突破1.3万户，合计规模达900亿元。为满足商业银行、保险公 司和证券公司等客户综合服务需要，更好地推动信托制度同业融合，上海信托一是大力开展金融同业机 构合作，强化与财富端金融机构的合作，将不同层级的信托账户全面嵌入到合作机构的财富客户服务体 系中，共同服务好客户经营。二是发挥信托在大类资产配置上的优势，打造信托特色资产管理产品体 系。三是发挥信托工具多元化的优势，重塑新型长周期投融资体系，打造信托贷款、PE股权投资和资 产证券化 ...

Group 1 - The conference "Long Money, Long Investment, Long Green" highlighted the importance of insurance and trust industries in supporting the real economy and stabilizing capital markets through innovative business models and optimized asset allocation [1] - The release of domestic demand is seen as a crucial driver for high-quality economic development, with a call for increased government support in service-oriented consumption, particularly in education, healthcare, and elderly care [1] - The insurance industry is presented with new growth opportunities, particularly in the pension insurance market, which is expected to continue growing, necessitating enhanced asset management and product innovation [1] Group 2 - Insurance funds possess a unique "long money, long investment" characteristic, positioning them as "patient capital" that aligns with the long-term investment needs of capital markets [2] - Mechanism and capability building are essential for achieving high-quality development in the industry, with a focus on restructuring balance sheets to integrate more effectively into national economic development [2] - The trust industry is undergoing adjustments and exploring new vitality, with its unique advantages in property independence, risk isolation, wealth inheritance, and asset allocation becoming increasingly relevant [2]

9月28日，由中国证券报主办的"长钱 长投 长青"2025保险业、信托业高质量发展大会在北京举行。 ...

Core Viewpoint - The article discusses the innovative approach of utilizing real estate trusts to activate idle assets, moving beyond traditional methods of sale and lease, with the successful registration of the first real estate trust project in Tianjin, "Tianjin Real Estate No. 1" [2][3]. Group 1: Real Estate Trusts - The "Tianjin Real Estate No. 1" project involves a partnership between Hongtai Real Estate and Northern International Trust, focusing on a commercial property valued at 3 million yuan [2][3]. - The trust structure allows for the continuous operation and management of the property by a third-party professional institution, generating ongoing revenue for the asset owner [3][5]. - The Tianjin pilot program marks a significant breakthrough in the real estate trust sector, emphasizing the activation of existing assets as a core application scenario [4][6]. Group 2: Policy and Implementation - The Tianjin pilot program introduces a differentiated innovation in institutional design, allowing for both existing and newly purchased properties to be included in trusts [4][5]. - The program aims to enhance operational efficiency and asset structure optimization while addressing both corporate and individual beneficiary needs [4][6]. - A standardized and scenario-based registration system for real estate trust assets has been established, ensuring clear responsibilities and effective execution [5][6]. Group 3: Market Outlook - Despite the initiation of pilot programs in several cities, the overall real estate trust business remains in a "policy heat, market cold" phase, with limited large-scale activation of real estate assets [7][8]. - Industry experts suggest that the development of real estate trusts is closely tied to the economic environment, requiring both policy guidance and market response for scalable growth [9]. - The future of real estate trusts is seen as promising, with expectations of significant growth in the next 3-5 years as policies and market conditions improve [9][10].