A few days ago, China Merchants Bank, Taikang Life Insurance, Taikang Jiantou and Minmetals Trust jointly launched the "Pension Insurance Trust", the first trust in the life insurance market to pay directly to the pension community; AVIC Trust launched the first consumer asset securitization project in the inter-bank bond market this year.
According to industry insiders, these physical asset management businesses and service businesses indicate that the industry will move towards differentiated development in the future, and there is a high probability that it will not return to the development stage dominated by financing business.
Various first-class products appear frequently.
A few days ago, China Merchants Bank, Taikang Life Insurance, Taikang Jiantou and Minmetals Trust jointly launched a new model of direct payment trust for endowment insurance, and the trust service model of endowment insurance with the participation of insurance companies, trust companies and pension communities officially landed.
According to Minmetals Trust, the innovation of this business model mainly lies in: on the basis of the original pension trust linking insurance products and pension communities, using the trust's "entrusted payment" function to further open up direct payment between trust accounts and pension communities, and provide customers with one-stop pension solutions.
From the company level, many trust companies have opened up new business areas and launched the first trust products in several companies. For example, the foreign trade trust launched the company's first disaster relief charity trust and special needs service trust; CITIC Trust cooperated to launch the first asset isolation property right trust project; Zhongyuan Trust realized the combination of insurance and trust, and landed the first insurance trust. Chongqing Trust, China Construction Investment Trust and Ying Da Trust also launched the first batch of trust projects.
From a national perspective, various initial fundraising trust projects have also appeared frequently this year. In June 5438+10, Bank of Communications International Trust landed the first domestic intellectual property service trust; In September, Shandong Trust and Suntech Huaneng jointly launched the "Carbon Neutralization-Carbon Asset Investment Collective Fund Trust Plan", which is also the first green certified CCER (National Certified Voluntary Emission Reduction) carbon asset income right green trust in China.
Since 10, many trust institutions have received the Notice on Adjusting the Classification of Trust Business. The Notice divides trust business into three categories: asset management trust, asset service trust and charity/charity trust. According to industry insiders, the landing of a number of innovative first-hand businesses is an important exploration for trust companies to conform to the three types of regulatory guidance of trust business, return to the source of trust and accelerate business transformation.
Accelerate transformation and enter the stage of differentiated development.
With the transformation and innovation of trust companies in recent years, the structure of trust assets has gradually changed, the scale of financing trusts has been declining, and the scale and relative proportion of investment trusts have gradually increased.
According to the registration data of China Deng Xin Trust, in September this year, the scale of new investment trust, financing trust and transaction management trust was 65.438+054.489 billion yuan, 59.579 billion yuan and 65.438+040.639 billion yuan respectively; The proportion of new scale in the month was 43.55%, 65,438+06.80% and 39.65% respectively.
Among them, the proportion of new investment trusts exceeded the proportion of transaction management trusts for the first time, which became the primary factor for the growth of the month. In this regard, China Deng Xin explained that under the guidance of regulatory policies, the functional structure of trusts has been continuously optimized, the scale of financing trusts has been continuously reduced, and investment trusts have been vigorously developed.
"Service trust is a key business that the regulatory authorities have guided trust companies to return to their origins and transform and develop in recent years. Trust companies actively deploy the service trust field in combination with their own resource endowments and practical experience. " According to the data of China Deng Xin, the scale of new asset securitization trust business in September was 6190.9 billion yuan, up 25.60% from the previous month.
"The change in the structure of trust assets shows that the transformation of trust business has gradually taken effect." Yu Zhi, a researcher at Yiyi Trust, told reporters that with the introduction of the latest business classification direction, the road to business transformation of trust companies will be smoother and smoother. With the enhancement of trust companies' active management ability in new business, the accelerated accumulation of the overall scale of innovative business and the gradual excavation of profit potential, the performance of trust companies is expected to improve significantly in the next 2-3 years.
Ceng Gang, director of Shanghai Finance and Development Laboratory, said that trust companies will further promote transformation and development in the future, and the public information of various trust companies also mentioned the deployment of promoting transformation from a strategic height. From the business point of view, securities investment, family fortune management, asset securitization, green trust, equity investment, service trust, industrial finance and so on are mentioned more. These are also real asset management businesses and service businesses. "The trust industry will move towards differentiated development in the future, but there is a high probability that it will not return to the development stage dominated by financing business." He said.