Core Viewpoint - The introduction of real estate trust property registration in cities like Beijing, Shanghai, and Guangdong is seen as a breakthrough in addressing legal obstacles related to trust property rights, facilitating the integration of real estate resources with pension security needs [1][2]. Group 1: Real Estate Trust Registration - Real estate trust property registration resolves legal barriers to trust property rights, enabling non-cash assets like real estate to be included in trusts, thus fostering innovation in pension finance [1]. - The registration system enhances asset security by clarifying property rights, which is crucial for the stability of pension finance [2]. Group 2: Advantages of Real Estate Trusts - Compared to traditional "reverse mortgage" models, real estate trusts offer risk isolation, ensuring that trust assets are independent from the trustee's and trustor's personal assets, thus safeguarding pension security [3]. - Real estate trusts allow for flexible inheritance arrangements, enabling multiple beneficiaries and achieving both pension and inheritance goals [3]. - The model supports comprehensive services by integrating medical and care services, creating a "finance + elderly care" ecosystem, unlike traditional models that only provide financial support [3]. Group 3: Target Audience and Accessibility - The primary audience for real estate pension solutions includes homeowners lacking stable cash flow, families without children, and high-net-worth families seeking both pension security and wealth transfer [4]. - Real estate trusts do not have specific entry thresholds, making them more accessible compared to traditional trust products that often require significant initial investments [4]. Group 4: Market Potential and Sustainability - The potential market for real estate trusts in China is substantial, especially in first- and second-tier cities, with estimates suggesting a market size of hundreds of billions if supportive tax policies are implemented [4]. - The model is expected to activate idle real estate assets and improve their utilization efficiency, while also allowing gradual asset value release to minimize market impact [4]. Group 5: Policy and Regulatory Support - Nationwide promotion of real estate trust registration will require time and supportive policies, with expectations for expansion in cities with high aging rates and stable property values by 2025 to 2027 [6]. - Key supportive policies include optimizing tax regulations, ensuring judicial protection for trust assets, and enhancing inter-departmental collaboration for unified regulatory standards [6]. Group 6: Recommendations for Trust Companies - Trust companies are encouraged to innovate products, such as combining "reverse mortgage" trusts with long-term care insurance, to extend service offerings [6]. - Building an ecosystem by collaborating with elderly care and medical institutions can create comprehensive pension solutions [6]. - Utilizing technology, such as AI, can enhance operational efficiency in property valuation and rental predictions [6].