Multiple trust companies achieved a "good start" in the first quarter

Several trust companies, including Shaanxi Guotou Trust and J-Yuan Trust, reported impressive performance in the first quarter, with both operating income and net profit achieving growth. Huaxin Trust's total profit in the first quarter reached 31.26% of the annual budget, and the scale of existing trust products reached 503.8 billion yuan, earning an AAA highest credit rating. The risk resolution of trust companies has accelerated since last year, which is an important reason for the improvement in their operating conditions. Shaanxi Guotou Trust has made significant strides in transformation in recent years, with the scale of asset management trusts reaching 398.314 billion yuan, a year-on-year increase of 86%. J-Yuan Trust managed trust assets amounting to 253.212 billion yuan, an increase of 78% from the beginning of the year, with asset service trusts becoming the "main force" behind its scale expansion. Under the guidance of the new "three classifications" regulations, the direction of transformation in the trust industry has become increasingly clear, especially after significant progress in the pilot policies for equity trust property registration and real estate trust property registration mechanisms. The development space for the core business of the trust industry has been further opened up, and the pace of industry transformation will accelerate, with trust funds continuously flowing into the real economy