2019年12月3日，CHINA DAILY報(bào)道渤海信托服務(wù)實(shí)體經(jīng)濟(jì)。報(bào)道指出，中國信托業(yè)正在積極創(chuàng)新發(fā)展模式，不斷提升行業(yè)發(fā)展質(zhì)效。報(bào)道以“胖貓鯤鵬”產(chǎn)品為例，介紹渤海信托創(chuàng)新產(chǎn)業(yè)鏈金融產(chǎn)品，與“找鋼網(wǎng)”開展深度合作，為超過9000家鋼鐵產(chǎn)業(yè)公司提供資金支持，有力促進(jìn)實(shí)體經(jīng)濟(jì)發(fā)展。

China's trust funds seek new development modes

The steel sector might not be a good investment target at first glance given its price swings and the campaign to cut overcapacity, but some financial institutions are hoping to strike gold in the middle of the market's upgrading.

Bohai International Trust Co., Ltd. has launched a trust product in partnership with Zhaogang.com, a leading digital B2B platform in China that brings together steel producers and consumers. They will offer loans to steel purchasers to encourage efficient deals on the platform.

Over 9,000 firms along the steel industrial chain have benefited from the trust product, which leverages Zhaogang.com's matchmaking services to enhance the steel sector's efficiency.

The trust firm has invested over 330 billion yuan ($47 billion) in manufacturing, infrastructure, energy conservation, environmental protection, industrial upgrading and other real economy fields, said company president Ma Jianjun.

China's trust fund flows are shifting direction as the country keeps a tight rein on speculation and looks to raise investment in the real economy.

Chinese trust fund managers are also seeking new development models to invest in small and private companies to support economic growth, according to business leaders.

At the end of September, the total entrusted assets balance of the country's 68 trust firms stood at 22 trillion yuan, down by 2.39 percent quarter-on-quarter, data from the China Trustee Association showed.

The trust fund balance in the real estate sector shrank by 148.07 billion yuan at the end of September compared to the end of June, the first quarter-on-quarter drop in over three years.

Industrial and commercial firms remained the biggest destination for trust funds flows. During the first three quarters, the sector saw new trust investment of 1.09 trillion yuan, making up about one-third of the overall new trust investment during this period.

The basic industries registered new trust investment worth nearly 140 billion yuan in the third quarter, up over 60 percent year-on-year.

"Serving the real economy is the trust sector's primary role," said Lai Xiufu, head of the trust institution supervision department with the China Banking and Insurance Regulatory Commission.

Lai said despite enhanced regulation, the country's economic shift is "creating many fresh opportunities for trust firms" such as investing in the green sector and expanding direct investment.

XINHUA - CHINA DAILY