Core Viewpoint - The trust industry is currently undergoing risk resolution, with several companies, including Xixian Group, disclosing overdue trust loans, indicating ongoing challenges in managing non-standard projects due to rapid past expansion [1][2][10]. Company Summary - Xixian Group, established in September 2011 with a registered capital of 30 billion RMB, has two subsidiaries that reported overdue trust loans totaling 0.62 billion RMB and 2.73 billion RMB [2]. - The overdue loans are linked to Xixian Group's subsidiaries, with one loan from Shaanxi Xixian New Area Fengxi New City Development and Construction Group Co., Ltd. to Wukuang Trust, and another from Shaanxi Xixian New Area Urban Construction Investment Group Co., Ltd. to Lujiazui Trust [1][2]. Industry Summary - The trust industry is experiencing a shift as the most concentrated phase of risk exposure has passed, but the resolution of existing risks remains a gradual process [1][10]. - In the first ten months of this year, the number of defaults in government financing trust products was 9, with a total default scale of 1.602 billion RMB, compared to 40 defaults and 6.924 billion RMB in the same period last year [10]. - Trust companies are exploring market-oriented risk resolution methods, such as introducing strategic investors and seeking third-party institutions to acquire investor rights, to achieve risk isolation and smooth exit from projects [10].