By the end of 2024, the total industry trust assets will approach nearly 30 trillion yuan.

The trust industry is achieving simultaneous growth in assets under management and optimization of business structure. Data released by the China Trust Association on June 3rd shows that by the end of 2024, the total trust assets in the industry reached 29.56 trillion yuan, an increase of 5.64 trillion yuan from the end of 2023, representing a year-on-year growth of 23.58%. "By the end of 2024, the trust assets are close to 30 trillion yuan, which is not simply a one-time expansion for the year, but a significant change in the asset size of the trust industry after the implementation of the 'three classifications' business transformation, and also a proactive adjustment made by the trust industry in response to market demand changes," said Yin Xingmin, Director of the Trust Research Center at Fudan University. Under the 'three classifications' framework, the trust industry is transforming from traditional non-standard financing businesses to a more diversified and professional business model that focuses on asset service trusts and asset management trusts.