11月28日，国家金融监督管理总局大连监管局发了一则批复，同意华信信托股份有限公司（以下简称 为"华信信托"）依法进入破产程序，给这家飘摇多年的公司画下了阶段性句号，也是近年信托业风险有 序化解的又一个标志性事件。 从曾经的"东北信托龙头"到如今破产重整，华信信托的命运转折也让业内不禁思考整个行业的风险处置 之路。 华信信托的风险处置 三家信托公司进入过破产程序 华信信托的案例并非孤例。2025年的信托业，风险处置的捷报与进展不断传来。前不久，四川信托完成 重组更名，"四川信托有限公司"正式变身"四川天府信托有限公司"，以全新姿态重启经营。 这家2010年成立的信托公司，同样在2020年遭遇产品逾期的危机，2021年曾领到3490万元的大额罚单。 与华信信托相同的是，四川信托也曾进入破产程序。2024年4月1日，国家金融监督管理总局四川监管局 发布《关于同意四川信托有限公司破产的批复》，四川信托依法进入破产程序。 同样都进入破产程序，但不同于华信信托"地方国有资本主导+个人投资者精准兑付"的风险化解模式， 四川信托走的是"省级国有资本承接"的重生之路。根据国家金融监督管理总局公布的相关批复，四川信 托变更96 ...

Core Viewpoint - Huasin Trust has made significant progress in risk disposal, with a clear plan for the acquisition of trust beneficiary rights for individual investors by Dalian Anding by September 25, 2025 [2][3][5]. Group 1: Announcement Details - Huasin Trust announced the acquisition of trust beneficiary rights for eligible individual investors, with Dalian Anding as the restructuring party [5][7]. - The acquisition is limited to individual investors holding specific trust products, and the signing process will occur by the specified deadline [7][8]. - The announcement outlines the necessary materials for signing and the procedures for both on-site and non-site signing [7][8]. Group 2: Market Implications - The acquisition of beneficiary rights is seen as a critical step for restoring market confidence and stabilizing the financial market [8][10]. - The restructuring indicates a focus on protecting individual investor rights, which is a sensitive aspect of trust risk disposal [6][8]. - The involvement of Dalian Anding, a company backed by local state-owned financial capital, provides essential support for the risk disposal process [9][10]. Group 3: Historical Context and Financial Performance - Huasin Trust has faced ongoing risk disposal challenges since being classified as a high-risk trust company in 2019, with multiple product delays and a significant decline in financial performance [11][13]. - The company reported a revenue drop from 23.11 billion in 2016 to 5.73 billion in 2019, with a net profit shift from over 8 billion to a loss of 1.52 billion in the same period [13].

Core Viewpoint - The article discusses the establishment of a risk resolution platform by the state-owned enterprise Dalian Jinyun to acquire the trust rights of individual investors in Huaxin Trust, aiming to mitigate risks after a prolonged period of waiting and partial repayments [1][2]. Summary by Sections Risk Resolution Platform Established - Dalian Anding Enterprise Management Co., Ltd. will acquire eligible individual investors' trust rights by September 25, 2025, as part of a risk disposal arrangement [4][5]. - The acquisition is limited to individual investors holding specific trust plans, excluding institutional investors [5]. Background of Dalian Jinyun - Dalian Anding was established on July 31, 2025, with a registered capital of 1 million yuan, fully owned by Dalian Jinyun, which was founded in 2022 with a registered capital of 10 billion yuan [5]. Legal and Operational Considerations - The establishment of Dalian Anding is seen as a strategic move for risk isolation and operational flexibility, allowing for focused asset acquisition and contract negotiations [6]. - This structure aligns with local government responsibilities for risk management and provides a model for future financial institution risk resolution [6]. History of Huaxin Trust - Huaxin Trust was listed among six high-risk trust companies by the former China Banking and Insurance Regulatory Commission at the end of 2019 due to issues like "fund pools" and related party transactions [8]. - The company faced significant liquidity challenges after the suspension of its "fund pool" business in April 2020, leading to the public disclosure of risks involving 7.078 billion yuan of social investor principal [8][10].