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]

Group 1 - The core point of the news is that Huaxin Trust announced the acquisition of trust beneficiary rights from individual investors by Dalian Anding, with a deadline set for September 25, 2025 [1][2] - Dalian Anding, established on July 31, 2025, is fully controlled by Dalian State-owned Financial Capital Management and Operation Co., Ltd., which is under the Dalian Municipal Finance Bureau [1] - Huaxin Trust has been under risk exposure for a long time and has not disclosed annual reports for five consecutive years, being listed as one of the six high-risk trust companies by the China Banking and Insurance Regulatory Commission at the end of 2019 [1][2] Group 2 - In September 2020, Huaxin Trust issued 27 announcements regarding the delay in the redemption of collective fund trust products, and in November 2020, it sought strategic investors to raise funds between 3.4 billion to 6.8 billion yuan [2] - As of February 2021, Huaxin Trust reported that the total principal of trust plans that had not been redeemed was 7.078 billion yuan, which included the Huaguan series, Huayue series, and the designated issuance of the 72nd steady growth plan [2] - Huaxin Trust was established in 1981 and was originally known as the Dalian Trust Investment Company of Industrial and Commercial Bank of China, with a total share capital of 6.6 billion yuan and 20 corporate shareholders [2]