The size of trust assets in the trust industry has returned to the 21 trillion era and risk assets have more than doubled

The size of trust assets in the trust industry has returned to the 21 trillion era and risk assets have more than doubled
The China Trust Industry Association reportedly announced on March 20 that as of the end of the fourth quarter of 2019, the trust assets of 68 trust companies nationwide were 21.6 trillion, compared with 22 at the end of 2018.7 trillion dollars fell by 4.85%.The scale of trust assets in the trust industry is 5770.4.7 billion yuan, an increase of 3548 over the end of 2018.600 million, an increase of 159.71%.  At the end of the second quarter of 2017, the trust industry had entered the “23 trillion era”, but affected by the new regulations on assets, under the strict de-channel supervision environment, the overall size of trust assets has continued to decline in the past two years, including transaction managementThe decline in trust is dominated.The data shows that as of the end of 2019, the balance of transaction management trusts was 10.65 trillion, accounting for 49.30%, a decrease of about 1 trillion from the end of the previous three quarters, and the proportion decreased by 3.45 averages.Compared with the ratings in 2018 and 2017, the scale of transaction management trusts decreased by 2 respectively.6 trillion and 5 trillion, a decrease of 19 respectively.6% and 31.95%.  The proportion of financing trusts and investment trusts is similar, and the difference is further narrowed.Among them, as of the end of 2019, the scale of financing trusts was 5.83 trillion, an increase of 1 from the end of 2018.49 trillion, an increase of 34.17%, accounting for 26.99%, an increase of 7 from the end of 2018.85 averages.The investment trust scale is 5.12 trillion, basically the same as the data at the end of 2018, accounting for 23.71%, a slight increase of 1 from the same period in 2018.21 digits.  From the perspective of capital investment, the real estate trust, which has always been an important business of trust companies, merged into 2 at the end of the fourth quarter of 2019.7 trillion, basically the same as the end of 2018.Zeng Gang, director of the National Finance and Development Laboratory, believes that in the context of the scale of trust assets, the actual trust scale has increased, which may be due to its higher level of income and attractiveness for alternative funds.However, due to the strengthening of regulatory constraints, the growth of real estate trusts in 2019 tends to stagnate.  It is worth noting that the scale of trust risk assets and the number of projects have increased in 2019.At the end of April 2019, the scale of risk assets in the trust industry was 5770.4.7 billion yuan, an increase of 3548 over the end of 2018.600 million, an increase of 159.71%; the number of risk projects in the trust industry was 1547, an increase of 242 from the previous three quarters and an increase of 675 from the end of 2018  Zeng Gang believes that the main reason for the significant increase in the scale of trust industry risk projects and risk assets in 2019 is that the regulatory authorities have increased the intensity and frequency of risk investigations, and the previously hidden risks have been more fully exposed, but notIt means the acceleration of incremental risks.From a quarter-on-quarter perspective, in the four quarters of 2019, the growth rate of the scale of risk assets was 27, respectively.39%, 22.74%, 32.72% and 25.14%, the chain growth rate has a growth trend in the fourth quarter.With the full exposure of risks, it is expected that changes in the size of trust risk assets will stabilize and the overall risk of the industry will gradually move from divergence to convergence.  For 2020, Zeng Gang said that under the framework of the new asset management regulations, the regulatory rules for the trust industry in 2020 will be further improved.The transformation of the trust industry is gradually accelerating, and the focus needs to focus on several aspects of work: First, the transformation from financing business to investment business, training standardized product investment teams and investment capabilities, efforts to improve asset judgment and control capabilities, and expand the development of equity investmentWait.The second is the development of service trusts, asset securitization, family wealth management trusts, etc., which are typical service trusts that have been developed. They need to continue to work hard and build into the core business of the trust.Areas, such as pension, consumer rights, etc.The third is to vigorously develop the wealth management business, further strengthen the construction of sales channels, gradually reduce the dependence on commercial banking channels, and accelerate the construction of professional wealth management teams.Reporter Cheng Weimiao edited Sun Yong proofreading Chen Diyan