Core Viewpoint - Jiangsu Guoxin Co., Ltd. has revised its Articles of Association to enhance corporate governance and comply with the latest legal requirements, including the abolition of the supervisory board, transferring its powers to the audit committee of the board of directors [1][2]. Summary by Sections Revision of Articles of Association - The revision aims to align with the latest laws and regulations, including the 2023 amendment of the Company Law and the 2025 revision of the Guidelines for Articles of Association of Listed Companies [1][2]. - The supervisory board will be abolished, and its functions will be assumed by the audit committee of the board of directors [1][2]. Specific Changes - The first article now emphasizes the protection of the rights of employees in addition to shareholders and creditors [2]. - The role of the chairman as the legal representative of the company has been clarified, including the process for appointing a new legal representative within thirty days if the current one resigns [2][3]. - New provisions state that the company will bear civil liability for damages caused by the legal representative while performing their duties, with the right to seek compensation from the representative if they are at fault [3]. Share Capital and Financial Assistance - The company will not provide financial assistance for the acquisition of its shares, except for employee stock ownership plans [5]. - The total amount of financial assistance provided for acquiring shares cannot exceed 10% of the total issued share capital [5]. Capital Increase Methods - The company can increase capital through various methods, including issuing shares to unspecified objects and distributing bonus shares to existing shareholders [6]. Rights of Shareholders - Shareholders have the right to receive dividends and participate in decision-making processes, including the right to request meetings and propose agenda items [8][9]. Governance Structure - The general meeting of shareholders is established as the company's authority, with specific powers outlined, including the election of directors and approval of financial reports [14][15]. - The process for convening extraordinary shareholder meetings has been clarified, including the rights of shareholders holding a significant percentage of shares to request such meetings [51][52]. Legal Compliance - The company must comply with legal obligations regarding information disclosure and the execution of court judgments related to shareholder resolutions [10][12].

Core Points - Jiangsu Guoxin Corp., Ltd. aims to protect the rights and interests of the company, shareholders, employees, and creditors while adhering to relevant laws and regulations [2][3] - The company operates primarily in the electricity and trust sectors, focusing on maximizing economic and social benefits for shareholders [4][5] - The registered capital of the company is RMB 3,778,079,704, and it was established with contributions from 11 shareholders [3][6] - The company has issued a total of 3,778,079,704 shares, all of which are ordinary shares [6][24] Company Structure and Governance - The company is governed by a board of directors, with the chairman serving as the legal representative [3][4] - Shareholders are liable for the company's debts only to the extent of their shareholdings, while the company is responsible for its debts with its total assets [3][4] - The company has established a legal framework for shareholder rights, including the ability to sue the company or its directors [4][12] Business Operations - The company's business scope includes industrial investment, equity investment, investment management and consulting, and electricity project development and management [4][5] - The company can adjust its business scope and establish subsidiaries as needed [5] Share Issuance and Management - The company issues shares based on principles of openness, fairness, and justice, ensuring equal rights for shareholders of the same class [5][6] - The company has specific regulations regarding the increase, decrease, and repurchase of shares, including conditions under which shares can be repurchased [7][8] Shareholder Rights and Responsibilities - Shareholders have rights to dividends, voting, and information access, and they must comply with laws and the company's articles of association [12][13] - The company has provisions for the protection of minority shareholders and the management of conflicts of interest [16][32] Shareholder Meetings - The company holds annual and extraordinary shareholder meetings, with specific procedures for calling and conducting these meetings [19][21] - Decisions at shareholder meetings require a majority or supermajority vote depending on the nature of the resolution [82][83]

Core Viewpoint - The establishment of the "Beijing Grand Canal Charity Trust" aims to provide sustainable support for families with special needs through real estate trusts, addressing the tax burdens associated with trust setup and enhancing the welfare of vulnerable groups in Beijing [1][2]. Group 1: Project Overview - The "Beijing Grand Canal Charity Trust" was established under the guidance of the Tongzhou District government and is managed by Huabao Trust, focusing on providing financial support for families with special needs [1]. - The project aims to subsidize the deed tax costs for eligible families in Beijing, with a maximum subsidy of 20,000 yuan per household, promoting the establishment of real estate trusts [1][2]. Group 2: Market Implications - The project represents an innovative model under the reform of trust business classification, combining lifelong care for special groups with charity trust structures [2]. - It addresses practical challenges such as deed tax, thereby lowering the costs for families setting up real estate trusts, and aims to create a sustainable financial solution for elderly care [2]. Group 3: Trust Mechanism - Unlike traditional charity trusts that focus on donation, this project utilizes the independent nature of trust assets to direct funds specifically for tax subsidies, creating a closed-loop mechanism of funding, establishment, and operation [2]. - The design of the project highlights the flexibility of trust tools, integrating various needs such as special needs trusts, real estate trusts, and charity trusts into a cohesive framework [2].

现年40岁的陈学斌拥有中共山东省委党校研究生学历，现任济南金控商业保理有限公司副总经理。他在 职业生涯中积累了丰富的管理经验，曾在济南市历城区财政局和济南金投控股集团有限公司等多个重要 岗位任职。 值得注意的是，就在刚刚过去的7月，山东金融监管局正式发布批复，核准陈六亿担任山东信托董事、 副董事长的任职资格。此次陈学斌董事任职资格的核准，进一步充实了山东信托的董事会力量。 据公开资料显示，山东信托成立于1987年3月，是经中国人民银行和山东省人民政府批准设立的非银行 金融机构，也是目前唯一一家在H股上市的内地信托公司，现为中国信托业协会理事单位。此次董事会 成员的调整，或将对公司的战略决策和业务发展产生积极影响，市场将持续关注其后续动态。 （原标题：山东信托再添新董事 陈学斌任职资格获核准） 8月5日，国家金融监督管理总局山东监管局发布的行政许可批复，正式核准陈学斌担任山东省国际信托 股份有限公司（以下简称：山东信托，01697.HK）董事的任职资格。根据公告，陈学斌自2025年7月30 日起就任公司非执行董事，并已被委任为公司信托与消费者权益保护委员会及关联交易控制委员会的委 员。 监管部门对陈学斌的到任时 ...

Core Insights - The trust industry is facing significant pressure on operational efficiency, necessitating a reconstruction of its profit model, with projected profits for 2024 expected to be 23.09 billion yuan, a decrease of 19.29 billion yuan from 2023 [1] - The overall profitability indicators for the industry showed a slight decline in the first half of 2025, with operating income down by 1.98% year-on-year and net profit down by 2.83% [1] - The decline in profitability is attributed to decreased operating income, increased management costs, expanded losses from changes in asset fair value, increased asset impairment provisions, and a reduction in traditional high-profit channel business [1] Industry Differentiation - The competitive landscape of the trust industry is increasingly polarized, with a significant disparity in performance between leading firms and smaller companies, leading to a widening income gap [2] - The top five trust companies accounted for over 40% of the total net profit in the industry for 2024, indicating a concentration of profitability among a few key players [2] - In the first half of 2025, the top 10 trust companies held a market share of 63.32% in proprietary business income, while the top 10 in trust business income had a market share of 47.29% [3] Performance Concentration - The concentration of proprietary business income among the top 10 trust companies is significant, with a market share of 63.32%, creating competitive barriers for smaller firms [3] - The top 10 trust companies also accounted for 56.42% of the net profit, indicating a high level of profitability concentration [3] - Some companies, such as Huaxin Trust and Yingda Trust, have improved their rankings in proprietary business income, while others like Caixin Trust and Kunlun Trust have turned losses into profits [3] Transformation Strategies - Trust companies are benefiting from two main transformation directions: leveraging local resources and shareholder synergies to meet local economic development needs, and focusing on standardized trust and wealth management to rebuild core competitiveness [4] - The industry is encouraged to explore diversified transformation strategies to meet the demands of high-quality development, emphasizing the importance of serving the national strategy and the real economy [5] - In 2024, 28.81% of the 22.25 trillion yuan in trust funds will be directly invested in the real economy, with an additional 46.17% indirectly supporting it through the securities market, totaling 16.68 trillion yuan [5] Future Outlook - The development of the trust industry is seen as beneficial for economic stability and promoting industrial structure upgrades and technological innovation [6] - The industry is expected to channel more proprietary and social funds into technology enterprises, positioning itself as a leader in supporting the real economy [6]

Group 1 - The recent family wealth disputes of a well-known entrepreneur's descendants have brought offshore family trusts into the spotlight, highlighting their role as a wealth transfer tool for the wealthy [1] - Family trusts provide unique features such as asset independence, allowing trust property to exist independently of the settlor, trustee, and beneficiaries, which meets the long-term wealth management needs of high-net-worth individuals [1] - In addition to wealth transfer, family trusts can also protect assets, mitigate risks, and provide for retirement, ensuring financial security for the elderly [1] Group 2 - The establishment of family trusts must comply with legal and regulatory requirements, and the assets placed in the trust must be legitimate and lawful [2] - The motivations for setting up a trust must align with its intended purpose; improper motives, such as hiding assets or evading debts, can render the trust invalid [2] - Offshore family trusts are established in jurisdictions outside the settlor's residence, with popular locations including Hong Kong, Singapore, and the British Virgin Islands, which have favorable legal frameworks for trust management [3] Group 3 - Offshore family trusts are subject to more complex legal regulations compared to domestic trusts, and there have been instances where such trusts have been legally challenged [3] - The minimum investment for family trust products is typically 10 million yuan, with a "low-cost" version available for 1 million yuan, making these financial tools accessible to a broader range of high-net-worth individuals [3] - As of the end of last year, the total balance of family trusts in China reached 643.579 billion yuan, indicating significant growth in this sector [3]

金融领域的反洗钱监管持续升级中。8月4日，中国人民银行、国家金融监督管理总局、中国证券监督管 理委员会关于《金融机构客户尽职调查和客户身份资料及交易记录保存管理办法（征求意见稿）》（以 下简称《办法》），现向社会公开征求意见，意见反馈截止时间为2025年9月3日。 结合内容来看，《办法》围绕对金融领域客户尽职调查流程、客户身份资料及交易记录保存等以及受益 所有人识别等提出多项细化要求，为金融机构提供了操作指南。而在《办法》之前，金融监管部门也曾 出台多个细分领域的反洗钱要求。分析人士指出，有效的反洗钱措施能够帮助金融机构识别并防范潜在 的金融犯罪风险，为客户提供更安全的服务环境。 六大类金融机构适用 根据《办法》，需要履行反洗钱义务的金融机构类型包括六大类，分别是：政策性银行、商业银行、农 村合作银行、农村信用合作社、村镇银行；证券公司、期货公司、证券投资基金管理公司；保险公司、 保险资产管理公司；信托公司、金融资产管理公司、企业集团财务公司、金融租赁公司、汽车金融公 司、消费金融公司、货币经纪公司、理财公司；非银行支付机构；中国人民银行确定并公布的从事金融 业务的其他机构。 以银行为例，《办法》要求，银行类 ...

按照要求，山东国际信托应要求陈学斌严格遵守金融监管总局有关监管规定，自本行政许可决定作出之 日起3个月内到任，并按要求及时报告到任情况。未在上述规定期限内到任的，本批复文件失效，监管 部门将办理行政许可注销手续。同时，山东国际信托应督促陈学斌持续学习和掌握经济金融相关法律法 规，牢固树立风险合规意识，熟悉任职岗位职责，忠实勤勉履职。 北京商报讯（记者 廖蒙）8月5日，国家金融监督管理总局山东监管局发布的行政许可批复显示，核准 陈学斌山东省国际信托股份有限公司（以下简称"山东国际信托"）董事的任职资格。 ...

Core Points - The National Financial Supervision Administration of Shaanxi approved the appointment of Zhang Tao as the Operations Director of Shaanxi International Trust [1] - Zhang Tao is required to comply with regulatory requirements and report his appointment status within three months [1] - Shaanxi International Trust must ensure Zhang Tao continues to learn relevant financial laws and regulations and maintain a strong risk compliance awareness [1]

国投资本（SH 600061，收盘价：7.66元）8月5日晚间发布公告称，截至2025年7月31日，公司尚未实施 股份回购。 2024年1至12月份，国投资本的营业收入构成为：证券行业占比71.62%，其他业务占比9.9%，信托行业 占比9.33%，基金行业占比9.16%。 （文章来源：每日经济新闻） ...