Weekly Roundup:
1. This week (June 24, 2024 - June 30, 2024), the market for the establishment of asset management trusts has rebounded sharply, and the number and scale of product establishments have increased significantly. According to incomplete statistics from public information, a total of 457 asset management trust products were established this week, an increase of 26.59% month-on-month; the establishment scale was 9.457 billion yuan, an increase of 19.50% month-on-month; The average daily establishment scale is 1.891 billion yuan.
2. This week, the asset management trust issuance market "decreased", with the number of issuances rising slightly and the issuance scale declining slightly. According to incomplete statistics from public information, a total of 38 trust companies issued 254 asset management trust products this week, an increase of 4.96% month-on-month; The issuance scale was 18.293 billion yuan, a decrease of 4.80% month-on-month, and the average daily issuance scale was 3.659 billion yuan.
3. This week, the number and scale of non-standard trust products have both risen sharply. According to incomplete statistics from public information, a total of 193 non-standard trust products were established this week, an increase of 29.53% month-on-month; The establishment scale was 6.534 billion yuan, an increase of 36.72% month-on-month.
4. The number of standard trust products issued this week was 142, an increase of 6.77% month-on-month; A total of 264 standard trust products were established, an increase of 24.53% month-on-month; The establishment scale was 2.923 billion yuan, a decrease of 6.76% from the previous month. 1. A one-week review of the asset management trust market
In 2024, as of June 30, 2024, a total of 17,051 products have been established in the asset management trust market, with a cumulative establishment scale of 425.826 billion yuan. This week (2024/06/24-2024/06/30), the asset management trust establishment market has rebounded sharply, and the number and scale of product establishments have increased significantly. According to incomplete statistics from public information, a total of 457 asset management trust products were established this week, an increase of 26.59% month-on-month; the establishment scale was 9.457 billion yuan, an increase of 19.50% month-on-month; The average daily establishment scale is 1.891 billion yuan. This week, the asset management trust market has turned significantly hotter, mainly due to the substantial growth in the establishment scale of industrial and commercial enterprise trusts and non-standard financial trust products, while the establishment scale of standard trust products has declined slightly. From the perspective of the market environment, the strict supervision of the trust industry is still continuing, and some trust companies have received guidance from the regulatory authorities again, requiring a full suspension of the third-party consignment business.
This week, the asset management trust issuance market "decreased in increments", with the number of issuances rising slightly and the issuance scale declining slightly. According to incomplete statistics from public information, a total of 38 trust companies issued 254 asset management trust products this week, an increase of 4.96% month-on-month; The issuance scale was 18.293 billion yuan, a decrease of 4.80% month-on-month, and the average daily issuance scale was 3.659 billion yuan. Among them, the issuance scale of trust products invested in the field of basic industries was 5.526 billion yuan, down 6.67% from the previous month; the issuance scale of trust products invested in the financial sector was 12.367 billion yuan, up 0.91% from the previous month; The issuance scale of trust products invested in the field of industrial and commercial enterprises was 400 million yuan, down 45.91% from the previous month.
This week, the product issuance scale of foreign trade trust ranked first, and the top three trust companies in terms of issuance scale were: foreign trade trust (3.390 billion yuan), national trust (2.531 billion yuan) and Everbright Trust (2.456 billion yuan); in terms of the number of issuances, foreign trade trust (27 models), SDIC Taikang Trust (23 models) and Shaanxi Guotou Trust (18 models) ranked the top three.
Second, the establishment of non-standard products
This week, the number and scale of non-standard trust products have both risen sharply. According to incomplete statistics from public information, a total of 193 non-standard trust products were established this week, an increase of 29.53% month-on-month; The establishment scale was 6.534 billion yuan, an increase of 36.72% month-on-month. This week, the establishment scale of non-standard asset management trust products has increased significantly, mainly because the fundraising scale of industrial and commercial enterprise trusts and non-standard financial trust products has soared.
This week, the establishment scale of basic industry trust products fell by nearly three percent, and the establishment scale of industrial and commercial enterprise trusts and non-standard financial trust products soared. According to incomplete statistics from public information, the establishment scale of basic industry trust products was 2.468 billion yuan, down 29.84% from the previous month; The establishment scale of financial non-standard trust products was 1.167 billion yuan, an increase of 5.14 times month-on-month, and the establishment scale of industrial and commercial enterprise trust products was 2.603 billion yuan, an increase of 1.53 times month-on-month. Recently, the regulatory authorities have clarified the business standards for local platform projects, and the relevant political and credit business of some trust companies has been adjusted, resulting in a significant decline in the establishment of basic industry trust products.
From the perspective of investment regions, a total of 48 products in the basic REIT products disclosed for investment in regions this week, and the top three in terms of number were Jiangsu Province (19 products), Shaanxi Province (15 products) and Zhejiang Province (7 products); Among them, COFCO Trust, Shaanxi Guotou Trust, Huaxin Trust, Chang'an Trust and other companies are relatively active. A total of 12 non-standard financial trust products were disclosed to the region, mainly concentrated in Guangdong Province (5 products); Among them, COFCO Trust is relatively active.
This week, the average expected yield of non-standard products fell sharply. This week, the average expected annualized rate of return of non-standard asset management trust products was 5.73%, a decrease of 0.30 percentage points from the previous month, and the average maturity of the products was 1.97 years, an increase of 0.20 years from the previous month.
According to statistics, this week, the average expected rate of return of products with a maturity of 1 year or less was 5.52%, a decrease of 0.43 percentage points from the previous month, the average expected rate of return of products with a maturity of 1-2 years was 5.96%, a decrease of 0.25 percentage points from the previous month, and the average expected rate of return of products with a maturity of more than 2 years was 5.05%, a decrease of 0.25 percentage points from the previous month.
3. The establishment of the standard trust
This week, the number of standard trust products issued was 142, an increase of 6.77% month-on-month; Among them, the number of fixed income products issued was 131, accounting for 92.25%. From the perspective of business classification, among the standard trust products issued this week, there are 65 fixed income business products and 70 allocation business products.
This week, the scale of the establishment of standard trust products continued to decline. According to incomplete statistics from public information, a total of 264 standard trust products were established this week, an increase of 24.53% month-on-month; The establishment scale was 2.923 billion yuan, a decrease of 6.76% from the previous month.
From the perspective of business classification, among the standard trust products established this week, there are 148 fixed income business products, accounting for 56.07%. The scale of fixed income business products was 1.150 billion yuan, accounting for 39.33%. There were 109 configuration business products, accounting for 41.29%. The scale of configuration business products was 1.722 billion yuan, accounting for 58.92%.
From the perspective of performance comparison benchmarks, the average performance comparison benchmark of fixed income and hybrid products increased slightly this week. According to incomplete statistics, the average performance benchmark of fixed income and mixed standard trust products this week was 3.48%, an increase of 0.01 percentage points from the previous month.
From the perspective of product types, the proportion of fixed income establishments increased this week. According to incomplete statistics from public information, 251 fixed income products were established in the standard product business this week, an increase of 25.50% month-on-month; 8 equity products were established, an increase of 60.00% month-on-month; 5 mixed products were established, a decrease of 28.57% month-on-month.
From the perspective of investment strategies, the number of bond strategy products decreased this week. According to incomplete statistics from public information, the number of bond strategy products established was 221, an increase of 22.10% month-on-month; 35 fund of funds strategy products were established, up 52.17% month-on-month; The number of equity strategy products established was 7, an increase of 75.00% month-on-month.
Fourth, the latest business trends in the trust industry
Kunlun Trust's business headquarters in the northwest region successfully landed the first family trust for industrial chain customers
On June 24, the business headquarters of Kunlun Trust in Northwest China established the first industrial chain customer "Jiacheng Series Family Trust", which is a new journey in the field of wealth management trustee service trust for the business headquarters in Northwest China to thoroughly implement the strategic deployment of the company's party committee, actively give full play to the advantages of the trust system, focus on returning to the origin of trust, dig deep into the wealth inheritance and protection needs of customers around the industrial chain and ecosystem, and provide customers with a full range of "warm" comprehensive financial services and solutions, opening a new journey in the field of wealth management trustee service trust of the business headquarters in Northwest China.
Zhejin Trust and Caitong Securities jointly landed the first investment advisory listed company wealth management service trust
Recently, the Zhejin Trust Family Office continued to innovate and make breakthroughs in the field of wealth management service trusts, and joined hands with Caitong Securities to land the company's first investment advisory listed company wealth management service trust. The project is supported by a listed company as the trustee, Zhejin Trust as the trustee, Caitong Securities as the investment advisor, and the two service agencies jointly provide account management and asset allocation services for the listed company. Since last year, Zhejin Trust and Caitong Securities have joined hands to implement a number of wealth management service trusts with corporate legal persons as settlors, and have accumulated a lot of relevant experience. The client is a listed company, which is another extended exploration of the capital market business between the two parties.
Kunlun Trust established the first green certificate trading trust business of PetroChina's main business unit
Recently, the Financial Interbank Department of the Financial Market Division of Kunlun Trust was entrusted by the Erlian Branch of PetroChina North China Oilfield Company to establish the "Kunlun Electric Power Green Energy No. 2 Administrative Management Service Trust", and the funds were specially used to find green certificate sellers for the client and help them complete the delivery of green certificates. After full market research by the project team, the client and Tianjin Anjie IOT Technology Co., Ltd., the seller of green certificates, successfully completed the delivery of 15,000 green certificates, marking the company's official entry into the field of green electricity and green certificate trading as the main business unit.
China Construction Investment Trust launched the first direct investment convertible bond "fixed income +" product
Recently, China Construction Investment Trust has successfully launched the first direct investment convertible bond "fixed income +" product - "China Construction Investment Trust Huifu No. 1". The filing scale of the product is 800 million yuan, with an estimated duration of 10 years, which is open for fundraising every month and closed for 6 months. The establishment of this product not only reflects the company's innovative breakthrough in the field of capital market business, but also marks the company's deep cultivation in the investment fields such as credit bonds and convertible bonds.
The East China Business Headquarters of Kunlun Trust established a standard trust for industrial chain customers
Recently, the East China Business Headquarters of Kunlun Trust established the "Kunlun Gem Huahua Standard Investment Fixed Income Trust Plan", which has successfully landed the project to realize the effective connection between industrial chain customers and standard business, and laid a solid foundation for further cooperation with industrial chain customers in the field of industry and finance while solving the financial needs of customers.
Author: Qin Jinhong
Source: usufruct trust network