In August, real estate trust continued to drop by nearly 40percent and consumer financial trust came to the fore.

category:Finance
 In August, real estate trust continued to drop by nearly 40percent and consumer financial trust came to the fore.


In the context of the contraction of real estate trust has become a foregone conclusion, trust companies are forced to leave the traditional path dependence and find a new starting point for business transformation. With the increasing attention of various institutions, it is expected that consumer financial trust will maintain a good development trend. A number of industry insiders said.

Real estate trusts fell 37.83%.

According to the data of Usual Trust Network, the scale of real estate trust collection in August was 40.268 billion yuan, a decrease of 37.82% compared with the previous month; the scale of real estate trust issuance was 61.633 billion yuan, a decline of 21.53%.

This is the second month since this year that real estate trust has fallen sharply. In July, the real estate trust raised 48.535 billion yuan, down 32.26% from 71.651 billion yuan in June.

At the same time, 358 real estate trust products issued in August, a decrease of 125 annually, shrinking by more than 30%; the proportion of real estate trust declined from 26.44% in July to 22% in August, falling by 4.43 percentage points.

Longyan, a researcher of Puyi Standards, told First Financial Journalist that under the current regulatory situation, it is expected that the real estate trust market will be difficult to reverse the current contraction in the future, and the scale and proportion will be further reduced.

The tightening of real estate trust supervision is still the focus of industry attention. Since the publication of No. 23 at the end of May, the window guidance in early July, No. 64 in August and the recent exploration of the channel business and real estate trust by the CBRC, the purpose of the supervisory layer is clear, and the balance control of the real estate trust and the channel business is adopted. The sharp decline in real estate trusts has also forced trust companies to seek other businesses to support their performance. Useful Financial Trust Research Institute researcher Yu Zhizhi.

Unlike the continuous decline of real estate trust, the performance of basic industry trust is steady. In August, the fund-raising scale of basic industry trust was 37.331 billion yuan, a decrease of 3.44% annually compared with the same period last year; compared with the same period last year, the fund-raising scale of basic industry trust increased by 72.47%.

Yu Zhizhi said that after tightening the supervision of real estate trust, the status of basic industry trust in the collective trust market has risen. In the short run, there is a shortage of assets in trust companies, and the basic industry may be the focus of trust companies. As an important means of counter-cyclical regulation, the development of infrastructure business is more supported by policy. However, under the circumstances of multi-channel financing such as banks and special debt, it is still difficult for trust industry to achieve substantial growth in the field of infrastructure industry.

Consumer Financial Trust becomes a Key Point in the Transition

The data show that in August, the size of financial aggregate products was 43.223 billion yuan, an increase of more than 30% over the previous year. Since August, the impact of changes in the external environment has gradually weakened. Although A shares have undergone adjustments, they have steadily risen as a whole. Bond markets are booming and trust funds invested in financial markets have rebounded.

It is worth mentioning that the collective trust products invested in consumer finance are the important direction of the recent business transformation of trust companies. In August, consumer finance trust products raised 9.826 billion yuan, an increase of 39.69%. Longyan said that consumer finance, wealth management and other 2C business have become the key direction of trust institutionstransformation, and the scale and proportion have increased. With the increasing attention of various institutions, consumer financial trust will maintain a good development trend. Consumer financial market is accelerating in recent two years. Short-term domestic consumer loans show a rapid upward trend, and consumer financial demand is constantly releasing. Trust funds are an important source of funds for many consumer credit institutions. Yu Zhi said. However, Longyan also said that the accumulation of trust companies in inclusive finance, wealth management, consumer finance and other fields needs to be strengthened, and it may be difficult to fully compensate for the decline in real estate business in the short term. Source: First Financial Responsibility Editor: Liu Song_NBJ9949

It is worth mentioning that the collective trust products invested in consumer finance are the important direction of the recent business transformation of trust companies. In August, consumer finance trust products raised 9.826 billion yuan, an increase of 39.69%.

Consumer financial market is accelerating in recent two years. Short-term domestic consumer loans show a rapid upward trend, and consumer financial demand is constantly releasing. Trust funds are an important source of funds for many consumer credit institutions. Yu Zhi said.

However, Longyan also said that the accumulation of trust companies in inclusive finance, wealth management, consumer finance and other fields needs to be strengthened, and it may be difficult to fully compensate for the decline in real estate business in the short term.