来源：金融时报 近日，华信信托破产重整事宜接连传来两则消息，表明这家老牌信托机构的风险处置工作正沿着法治化 路径稳步推进。 1月28日，华信信托官网率先转发了辽宁省大连市中级人民法院的公告，明确了其破产重整案第一次债 权人会议的具体安排。记者梳理公告内容发现，依据《中华人民共和国企业破产法》及相关司法解释， 大连中院已敲定，将于2026年2月13日通过全国企业破产重整案件信息网，以线上形式召开这次债权人 会议，依法申报债权的债权人有权参加本次债权人会议。 "此次召开第一次债权人会议，是依托法治化路径梳理债权债务关系的关键节点，而后续无论是战略投 资者的遴选引入，还是债权清偿方案的制定落地，均需在保障债权人合法权益与恢复机构持续经营能力 两大核心目标之间精准把握平衡，实现多方利益的统筹兼顾。"用益信托研究员帅国让表示。 作为辽宁省唯一一家信托公司，华信信托成立于1981年，其风险化解之路至今历时约6年。直到2025 年，该公司风险处置迎来突破性进展。 时间回溯到2025年1月，华信信托与持有该公司华冠系列、华悦系列以及悦盈稳健增长72号定向发行部 分信托计划的受益人签署《协议书》，约定在双方签署后7个工作日内向 ...

Core Viewpoint - Huaxin Trust is making progress in risk resolution by announcing the acquisition of trust beneficiary rights from individual investors by Dalian Anding, with a deadline for signing by September 25, 2025 [1][2] Group 1: Company Developments - Dalian Anding, established on July 31, 2023, will acquire eligible individual investors' trust beneficiary rights and is fully controlled by Dalian State-owned Financial Capital Management and Operation Co., Ltd. [1] - Since September 2020, Huaxin Trust has issued 17 announcements regarding delayed payments, involving 27 trust products, indicating ongoing risk management efforts [2] - Earlier in 2023, Huaxin Trust signed agreements with beneficiaries of specific trust plans, committing to pay within seven working days after signing [2] Group 2: Industry Context - The trust industry has faced risks due to rapid growth, mismanagement, and regulatory changes, prompting companies to explore risk resolution strategies [2][3] - Other trust companies, such as Xinda Trust and Jianyuan Trust, have also implemented risk resolution plans, indicating a broader trend in the industry [3][4] - Regulatory bodies are emphasizing the need for improved business norms and a comprehensive supervision system to enhance the industry's risk resilience [5][6]

Core Viewpoint - After five years of waiting and three partial payments, personal investors of Huaxin Trust have finally received a risk resolution plan involving a state-owned platform [1] Group 1: Risk Resolution Plan - On August 14, Huaxin Trust announced the acquisition of personal investors' trust beneficiary rights by Dalian Anding Enterprise Management Co., Ltd. [2] - Dalian Anding will acquire eligible personal investors' trust beneficiary rights by September 25, 2025, focusing on specific trust plans [4] - The acquisition is limited to personal investors holding "Huaguan Series," "Huayue Series," and "Yueying Stable Growth No. 72" trust plans, excluding institutional investors [4] Group 2: Company Structure and Strategy - Dalian Anding was established on July 31, 2025, with a registered capital of 1 million yuan, fully controlled by Dalian Jin Yun, which has a registered capital of 10 billion yuan [4] - The establishment of Dalian Anding is seen as a strategic move for risk isolation and operational flexibility, ensuring that the parent company remains unaffected by potential legal disputes [5] - This structure allows for focused asset acquisition and contract negotiation, enhancing efficiency in risk resolution [5] Group 3: Background 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 pool" operations and asset misappropriation [6] - The company had a registered capital of 6.6 billion yuan and a complex shareholder structure with 20 shareholders [6] - In April 2020, regulatory authorities halted Huaxin Trust's "fund pool" business, leading to a public disclosure of risks involving 7.078 billion yuan of principal from social investors [7][8]