Looking at the future positioning of trust industry in combination with business classification, some insiders pointed out that asset management trust is a concrete measure to continue to implement various requirements such as "new asset management regulations" and "network reform" from the perspective of non-standard bidding. Its concept mostly overlaps with the traditional expression of fund trust, and its business essence is still a private placement management tool for the purpose of pursuing property preservation and appreciation.
Industry insiders told the reporter of International Finance News that the possibility of continuous decline in the performance of the whole industry will not be ruled out in 2022. On the one hand, the continuous increase of risk projects will have an impact on the current operating performance; In addition, the continuous decline in the scale of non-standard financing business has further reduced the profit space of trust companies.
The reporter learned that up to now, there are 17 trust companies rated as A, including Ping An Trust, Huaneng Trust, AVIC Trust, CITIC Trust, Shanghai Trust, Jianxin Trust, Zijin Trust, SDIC Taikang Trust, Ying Da Trust, Bank of Communications Trust, China Resources Trust, Warburg Trust, Huaxin Trust, Chongqing Trust, Bai Rui Trust, Lujiazui Trust and Jiangsu Trust.
Some trust industry observers told reporters that compared with previous years, the relevant standards should not change much. However, there will still be some differences between the external caliber and internal judgment caliber of supervision, among which the judgment caliber of supervision is not external.
It is reported that if the industry rating is not satisfied with the initial evaluation result, the relevant companies can submit a written request to china trustee association for reconsideration before 5: 00 pm on July 12.
The reporter noted that the relevant indicators of industry rating mainly include the following aspects:
The capital requirement module covers three indicators: net capital (9 points), net capital coverage (13 points) and net capital coverage of trust risk projects (6 points); The asset quality module covers two indicators: inherent asset quality (10) and trust asset quality (16); In the risk management module, the risk resolution rate of trust projects is the core indicator (10); The profitability module covers indicators such as return on net assets (7 points), trust business income ratio (6 points), operating expenses income ratio (6 points) and per capita trust net income (7 points); The external evaluation mainly examines the contribution of social value, with a score of 10.
"For trust companies, the raised funds will be directly affected and they will also face the problem of customer loss." The source further pointed out that in the short term, for most trust companies, new businesses such as asset securitization, charitable trust and family trust are difficult to expand rapidly, and the rate of return is much lower than that of non-standard businesses, and the contribution to the company's profits is still small.
Xing Cheng, a researcher at the Center for Finance and Law Research of Tsinghua University Law School, believes that, by definition, asset management trust is a concrete measure to continue to implement various requirements such as "new asset management regulations" and "network reform" from the perspective of non-standard transfer of new asset management regulations. Its concept mostly overlaps with the traditional expression of fund trust, and its business essence is still a private placement management tool for the purpose of pursuing property preservation and appreciation.
"However, it is also obviously different from the private investment banking service that creates financing tools for financiers and raises funds for them. It is different from the financing trusts in traditional fund trusts, which further shows that the supervision will maintain a long-term rectification and decompression attitude towards traditional financing trusts. " Xing Cheng pointed out that in the next step, it is a foregone conclusion that traditional financing trusts will be completely suspended.
Specifically, asset service trust can be subdivided into four categories and several sub-categories, namely administrative trust, asset securitization trust, risk disposal trust and wealth management trust, which further expands the business boundary of service trust.
This article is from International Finance News.