However, the trust industry has indeed experienced some challenges in the past few years, such as regulatory policy adjustment and intensified market competition. These factors may lead some people to think that the trust industry is in recession.
In fact, the trust industry is undergoing transformation and upgrading to adapt to the new market environment and customer needs. For example, trust companies are seeking to expand innovative business areas, such as asset management, wealth management and family trust, in order to achieve sustainable development. In addition, trust companies are also strengthening their risk management capabilities to meet regulatory requirements and protect the interests of investors.
To sum up, although the trust industry faces some challenges, it cannot be regarded as a sunset industry. The trust industry is constantly adjusting and upgrading to adapt to the new market environment, and there is still potential for development in the future.