Ma Ziqing, editor of Yuan Yuan, a journalist.

On May 15, the China Trust Industry Association held the 2023 Review Conference on the Development of China's Trust Industry, and released the 2023 Review of the Development of China's Trust Industry.

By the end of the fourth quarter of 2023, the balance of trust assets was 23.Gofishing.92 trillion yuan, an increase of 1.28 trillion yuan over the end of September, a month-on-month growth rate of 5.65 percent, an increase of 2.79 trillion yuan over the same period last year. Since the second quarter of 2022, the scale of trust assets has begun to stabilize and pick up, and the year-on-year growth rate has reversed to positive. By the end of 2023, it has maintained positive growth for seven consecutive quarters, and the growth rate has gradually accelerated.

Investment trust exceeds 11 trillion yuan

According to the source of funds, by the end of the fourth quarter of 2023, the scale of collective fund trust was 13.52 trillion yuan, accounting for 56.5%.GofishingThe size of single-fund trust is 3.86 trillion yuan, which is 1.05 trillion yuan less than that at the end of the third quarter of 2023, accounting for 16.12%; the size of managed property trust is 6.55 trillion yuan, an increase of 349.8 billion yuan, accounting for 27.37%.

From the perspective of trust function, by the end of the fourth quarter of 2023, the scale of investment trusts was 11.57 trillion yuan, an increase of 871.1 billion yuan over the end of the third quarter of 2023, with a month-on-month growth rate of 8.15%, accounting for 48.34%. The size of financing trusts was 3.48 trillion yuan, an increase of 229.1 billion yuan, an increase of 7.06%, accounting for 14.5%. The size of the transaction management trust was 8.88 trillion yuan, an increase of 179.8 billion yuan over the third quarter, an increase of 2%, accounting for 37.12%.

It is worth mentioning that since the implementation of the new regulations on asset management, trust companies have made great efforts to develop standard trusts, cultivate investment capacity in the financial market, and continue to increase the scale and proportion of investment in the securities market and financial institutions in accordance with the requirements of the "three categories of business" notice. Data show that by the end of the fourth quarter of 2023, the total size of capital trusts reached 17.38 trillion yuan, an increase of about 930 billion yuan over the end of the third quarter, a month-on-month growth rate of 5.66 percent, and an increase of 2.24 trillion yuan over the same period in 2022, a sharp increase of 15.59 percent over the same period last year.

Pay attention to the balance between quality and benefit

From the perspective of the investment structure of capital trusts, the total scale of investment in the securities market (including stocks, funds and bonds) is 6.6 trillion yuan, an increase of 853.6 billion yuan over the end of the third quarter, with a month-on-month growth rate of 14.85%, accounting for a total of 38%. Compared with the end of the fourth quarter of 2022, the scale increased by 2.25 trillion yuan, a year-on-year growth rate of 51.52%, an increase of nearly 10 percentage points.

At the end of the fourth quarter of 2023, the scale of trust assets invested in financial institutions was 2.37 trillion yuan, an increase of about 133.1 billion yuan over the end of the third quarter, a month-on-month growth rate of 5.95%, accounting for 13.64%. Compared with the same period in 2022, the scale increased by about 357.5 billion yuan, accounting for a slight increase of about 0.2%.

Zeng Gang, director of the Shanghai Finance and Development Laboratory, said that looking forward to the future, the development of the trust industry will pay more attention to the balance between quality and efficiency, through multi-dimensional efforts such as business innovation, service upgrading, risk control and regulatory adaptation, to achieve healthy and sustainable development. This requires not only the active exploration and transformation of trust companies themselves, but also the guidance of regulatory policies and the support of the market environment. With the deepening of the transformation of trust business, the trust industry is expected to play a more important role in serving the real economy, promoting social harmony and promoting financial innovation.