Original title: The trust is weak, and the issuance in the first month of the year is less than 130 billion yuan
Source: Economic Information Daily
Affected by the industry transformation and the continuous increase in supervision, my country’s trust issuance continued to be “cold”. The latest data from Yiyi Trust shows that in January 2022, 68 trust companies in my country issued a total of 2,049 collective trust products with a value of 124.52 billion yuan. The issuance amount also dropped sharply by 49.6% year-on-year.
Specifically, taking the week before the Spring Festival (January 24, 2022 – January 30, 2022) as an example, the collective trust issuance market continued to cool down this week, and the issuance scale fell to the lowest point this year. According to incomplete statistics from public information, a total of 31 trust companies issued 196 collective trust products that week, a decrease of 24.90% from the previous month; the issuance scale was 19.82 billion yuan, a decrease of 10.53% from the previous month.
It should be pointed out that, unlike the issuance market, the scale of the establishment of collective trust products this week exceeded the 20 billion yuan line. According to incomplete statistics, a total of 436 collective trust products were established this week, an increase of 22.47% month-on-month; the establishment scale was 20.619 billion yuan, a month-on-month increase of 16.54%.
Regarding this phenomenon of trust product issuance market and establishment scale upside down, industry experts said that, on the one hand, there is a certain lag between the issuance and establishment of collective trust products, and the previously launched products are gradually established; on the other hand, due to seasonal factors during the Spring Festival holiday Affected, trust companies will make efforts to raise funds before the Spring Festival.
“The end of the year is the norm in the trust industry, but this year is relatively difficult.” In this regard, Yu Zhi, a researcher at the Yongyi Financial Trust Research Institute, said, “The issuance scale of collective trust products has fallen sharply, on the one hand, because of non-standard financing products. Significant shrinkage. Under the environment of tightened supervision of trusts, the remaining amount of non-standard products that trust companies can put in is limited, so the effect of trust companies’ scale-up may be far less than in previous years. On the other hand, the fundraising of standard trust products shows The characteristics of multiple openings and fundraising in installments, and the incomplete disclosure of the establishment scale data have affected the total establishment scale of collective trust products to a certain extent.”
In addition to the sluggish issuance scale, the expected income of trust products continued to decline. Taking the second week of January (January 10 to January 16) as an example, on the whole, the standard trust products showed the characteristics of increasing and decreasing in number. Relevant data show that a total of 190 collective trust products were established this week, an increase of 25.83% month-on-month; the establishment scale was 4.269 billion yuan, a month-on-month decrease of 13.71%.
“Because the information disclosure of standard trust products is relatively small, there may be a situation where the number of products established greatly increases, while the scale of establishments declines.” Yu Zhi told reporters. In terms of product types, the number of fixed income products accounted for over 70%.
In addition, on the whole, the proportion of products issued by Standard Trust has remained stable recently. Yu Zhi said that as a key area of business transformation of trust companies, Standard Trust has an increasingly important position in the issuance market. In Yu Zhi’s view, the slump of non-standard products is the crux of the current collective trust market, and the impact of industry transformation is still ongoing.
(Editor: Wen Jing)