Core Insights - The introduction of the real estate trust property registration pilot program in Guangdong marks a significant breakthrough in the trust property registration system, aimed at revitalizing real estate and addressing issues related to property in areas such as pension security, family services, and wealth inheritance [1][2][3] Group 1: Real Estate Trust Registration - The first real estate family service trust in Guangdong, named "Yuecai Trust·Aijia and Feng Inheritance Family Service Trust," successfully launched using a pre-registration method, effectively addressing common issues in real estate trust establishment [2] - The pilot program allows for the registration of not only properties with ownership certificates but also pre-sold properties, thus broadening the scope of assets that can be included in real estate trusts [2][3] Group 2: Integration with Pension and Wealth Management - The project integrates wealth inheritance, pension security, and public welfare, providing a comprehensive solution for families in an aging society, thus enhancing the role of trust companies in pension finance [4][5] - The trust system's advantages are now accessible to a wider range of families with wealth management needs, as real estate assets constitute 59.1% of total household assets in China [5] Group 3: Expansion of Pilot Programs - Following Guangdong's initiative, Xiamen has also launched a pilot program for real estate trust property registration, which includes broader definitions and types of registration, enhancing the flexibility of the trust system [6][7] - The Xiamen pilot introduces significant innovations in the registration process, including the recording of both the trustor and beneficiaries in the registration book [6] Group 4: Future Outlook - The nationwide promotion of real estate trust property registration is expected to take time, with a focus on cities with high aging rates and stable property values from 2025 to 2027, aiming for a national system by around 2030 [7]