Core Viewpoint - The China Trust Registration Company has initiated a pilot program for equity trust property registration in Beijing, following the implementation of real estate trust property registration, aiming to enhance the trust industry infrastructure and support high-quality development [1][2]. Group 1: Equity Trust Registration - The trust registration company will provide equity trust property registration services to trust institutions in Beijing starting immediately [1]. - The registration is applicable to equity trusts established with shares of limited liability companies registered within Beijing's administrative region [1]. - This initiative is based on the experience gained from the real estate trust property registration pilot and aims to strengthen communication and collaboration among stakeholders [1][2]. Group 2: Real Estate Trust Registration - The Beijing Financial Regulatory Bureau and the Beijing Municipal Planning and Natural Resources Commission issued the "Real Estate Trust Registration Notice" to explore the registration of real estate as trust property by the end of 2024 [2]. - The trust registration company has already conducted the first real estate trust property registrations in Tongzhou and Changping districts in April 2025 [2]. - The company views the equity trust property registration pilot as a deepening and expansion of the previous real estate trust property registration efforts, contributing to the overall infrastructure of the trust industry [2]. Group 3: Future Plans - The trust registration company plans to continue improving the trust property registration system under regulatory guidance and enhance services for both real estate and equity trust property registration pilots [2]. - The company aims to track the dynamics and effects of the pilot programs continuously, optimizing processes and services to better serve the real economy and improve people's quality of life [2].