Weekly Roundup:
1. This week (March 28, 2022 - April 3, 2022), the market for the establishment of collective trusts maintained a good momentum, and the scale of establishment increased slightly. According to incomplete statistics on public information, a total of 340 collective trust products were established this week, a decrease of 3.13% month-on-month; the scale of establishment was 11.489 billion yuan, an increase of 4.87% month-on-month.
2. This week, the collective trust issuance market has fallen sharply, and the scale of issuance has dropped sharply. According to incomplete statistics on public information, a total of 31 trust companies issued 202 collective trust products this week, a decrease of 16.18% month-on-month; the scale of issuance was 14.947 billion yuan, a decrease of 40.91% month-on-month.
3. The scale of the establishment of basic industrial trust projects soared this week. According to statistics, the establishment scale of financial trusts this week was 6.202 billion yuan, an increase of 3.86% month-on-month; the establishment scale of real estate trusts was 988 million yuan, a decrease of 41.11% month-on-month; the establishment scale of basic industrial trusts was 3.874 billion yuan, an increase of 59.74% month-on-month; and the establishment scale of industrial and commercial enterprise trust products was 223 million yuan, a decrease of 41.48% month-on-month.
1. Weekly review of the collective trust market
In fiscal 2022, as of April 3, 2022, a total of 6,627 collective products have been established in the collective trust market, with a cumulative establishment scale of 243.979 billion yuan. This week (March 28, 2022 - April 3, 2022), the collective trust establishment market maintained a good momentum, and the scale of establishment increased slightly. According to incomplete statistics on public information, a total of 340 collective trust products were established this week, a decrease of 3.13% month-on-month; the scale of establishment was 11.489 billion yuan, an increase of 4.87% month-on-month. This week, the collective trust market suffered a small long holiday, the fundraising time has been extended, and the superimposed trust company has increased its product investment in the early stage, and the collective trust market has maintained a good heat. Among them, the performance of basic industrial trust products is the most prominent, and there are good performances in the issuance and establishment of products this week.
This week, the collective trust issuance market has fallen sharply, and the scale of issuance has dropped sharply. According to incomplete statistics on public information, a total of 31 trust companies issued 202 collective trust products this week, a decrease of 16.18% month-on-month; the scale of issuance was 14.947 billion yuan, a decrease of 40.91% month-on-month. Affected by factors such as small and long holiday adjustment arrangements, there will be only three working days next week, and the number and scale of product issuance in the collective trust market this week have slipped sharply. The issuance scale of basic industrial trust products reached 8.489 billion yuan, which has a greater advantage than other invested products.
The establishment of Everbright Trust's products this week is thriving, with the top three trust companies being: Everbright Trust (RMB2.384 billion), AVIC Trust (RMB1.000 billion) and Minmetals Trust (RMB992 million).
This week, Everbright Trust ranked first in the issuance scale of collective trust products, with the top three trust companies being Everbright Trust (RMB2.37 billion), AVIC Trust (RMB1.47 billion) and Beijing Trust (RMB1.306 billion).
This week, the scale of the establishment of basic industrial trust projects soared. According to statistics, the establishment scale of financial trusts this week was 6.202 billion yuan, an increase of 3.86% month-on-month; the establishment scale of real estate trusts was 988 million yuan, a decrease of 41.11% month-on-month; the establishment scale of basic industrial trusts was 3.874 billion yuan, an increase of 59.74% month-on-month; and the establishment scale of industrial and commercial enterprise trust products was 223 million yuan, a decrease of 41.48% month-on-month. Recently, basic industrial trusts have become an important support for the collective trust business of trust companies, and they have performed well in both issuance and establishment.
Second, the establishment of non-standard products
The establishment scale of non-standard trust products remained relatively high this week. According to incomplete statistics of public information, a total of 166 non-standard products were established this week, an increase of 4.40% month-on-month; the establishment scale was 6.050 billion yuan, a decrease of 2.32% month-on-month. In this week's non-standard trust business, basic industrial trusts have become the core force, with an establishment scale of nearly 3.9 billion yuan, while real estate trust products have turned around again, and there is still a long way to go before they recover.
The average expected yield of non-standard collective trust products continued to fall this week. The average annualized yield of non-standard collective trust products established this week was 6.94%, a decrease of 0.07 percentage points from the previous month; the average weekly maturity of collective products was 1.84 years, an increase of 0.11 years from the previous month.
According to statistics, the average expected yield of products with a term of 1 year or less this week is 6.69%, an increase of 0.04 percentage points from the previous month; the average expected yield of 1-2 year products is 7.16%, an increase of 0.01 percentage points from the previous month; and the average expected yield of products with a period of more than 2 years is 6.29%, a decrease of 0.51 percentage points from the previous month. At present, the number of products with a maturity of more than 2 years is small, and the average expected yield fluctuates greatly due to the influence of accidental factors.
3. Establishment of the Standard Trust
This week, the number of standard category trust products established decreased, and the scale of establishment increased. According to incomplete statistics on public information, a total of 174 collective trust products were established this week, a decrease of 9.38% month-on-month; the scale of establishment was 5.439 billion yuan, an increase of 14.24% month-on-month. This week, the scale of the establishment of standard trust products rebounded and rebounded, but the overall volatility is still large. In the case of the continuous contraction of the traditional business scale, the development of standard trust is an inevitable choice for the business transformation of trust companies, but the sales model of standard business and non-standard business is very different, and it still needs time to adapt.
From the perspective of product types, the proportion of fixed income products has declined. According to incomplete statistics of public information, 138 fixed income products were established in the standard business this week, a decrease of 19.77% month-on-month; 25 equity products were established, an increase of 78.57% month-on-month; and 11 mixed products were established, an increase of 120.00% month-on-month.
From the perspective of investment strategy, the proportion of fixed income strategy products declined, and the proportion of equity strategy and fund of funds strategy products increased. According to incomplete statistics of public information, the number of fixed income strategy products established was 109, a decrease of 20.44% month-on-month; the number of fund of funds established 17 strategic products, a decrease of 5.56% month-on-month; and the number of equity strategy products established 15, an increase of 150.00% month-on-month.
Fourth, the latest business trends of trust companies
The first policy-supported charitable trust donation bill in China, in which Zhejiang Gold Trust participated, was issued in Hangzhou
On March 30, under the joint witness of representatives of Hangzhou civil affairs department, finance department, tax department and Zhejiang Banking and Insurance Regulatory Department, Zhejiang Smile Tomorrow Charity Foundation issued a public welfare donation bill to the client of "Zhejiang Jin Daai Wujiang No. 1 Charitable Trust". This is also the first donation bill in China supported by policy documents and issued directly to the settlor by the executor of the charitable trust since the notice on issues related to public welfare donations jointly issued by the above four departments on March 15.
Charitable trusts help rural revitalization
On March 28, the Hunan Provincial Local Financial Supervision and Administration Bureau "Helping the Rural Revitalization Charity Trust of Qingshan Village, Shizhu Town, Dongkou County" was officially established, with a trust scale of 1 million yuan. This is also a charitable trust for rural revitalization that has been innovatively established by financial regulatory units. After more than 5 years of development, charitable trusts have continued to expand the filing area, focusing on specific areas such as education and poverty alleviation, reflecting the clearer direction of the use of funds when the settlor establishes a charitable trust.
Jianxin Trust and jiangsu Jianye District Government plan to set up a 2 billion yuan fund of funds
On the afternoon of March 28, Nanjing Jianye Jianxin Liye Industrial Investment Fund of Funds held an online cloud signing ceremony. Nanjing Jianye Jianxin Liye Industrial Investment Fund of Funds is jointly promoted by the People's Government of Jianye District, Jianxin Trust Co., Ltd. and Jiangsu Branch of China Construction Bank, with a total scale of 2 billion yuan. Fund of Funds Manager Jianxin (Beijing) Investment, focusing on supporting high-quality sub-funds and projects such as financial technology, digital economy, artificial intelligence, smart city, big health, intelligent manufacturing, and carbon neutrality.
Foreign-funded securities companies launched domestic family trust business
On March 30, UBS Securities announced that it has officially launched domestic family trust information information services and other related solutions to Chinese mainland high-net-worth customers, which is the first time that domestic and foreign securities companies have launched such services. Under the background of the continuous growth of the asset scale of China's high-net-worth individuals and the return of the trust industry to its roots, more and more securities companies have begun to get involved in the family trust business.
Shanghai International Trust initiated the establishment of the "Shangshan Series • Embankment Construction Escort Care Action Charitable Trust"
Shanghai International Trust initiated the establishment of the "Shangshan" series - Embankment Escort Care Action Charitable Trust, and obtained support from all parties under the condition that normal office conditions were affected by the epidemic, and successfully completed the civil affairs filing. The charitable trust aims to care for professionals involved in epidemic prevention and control, and to do epidemic prevention and control work at the source, so as to improve the people's health level, popularize healthy life, improve health protection, and achieve the goal of a healthy China that protects people's health in an all-round, full-cycle and all-weather manner.
For the first time, the Notary Office became the Ombudsman of Charitable Trusts
Recently, the "Shanquan" brand charitable trust initiated by the Hangzhou Charity Federation as the settlor and china construction investment trust co., ltd. as the trustee landed in Hangzhou, and the first phase of the charitable trust was 6.5296 million yuan, which is planned to be used for charity projects related to emergency relief, disaster prevention and mitigation. In this single charitable trust, the Hangzhou Internet Notary Office was designated as the supervisor, which is the first charitable trust in China in which a notary institution acts as a supervisor.