The reduction of financing business, the strengthening of innovative business and the deepening of the real economy describe the three highlights of the work of Chongqing Trust in 2021. The 2021 annual report released by the company on April 30 shows that last year, the company achieved an operating revenue of 7.742 billion yuan and a net profit of 2.052 billion yuan. Although the index is lower than that in 2020, it still ranks in the forefront of the industry. By the end of the reporting period, the company’s net assets had reached 28.293 billion yuan, a year-on-year increase of 6%, and its anti risk ability continued to improve.
Under the environment of supply side structural reform and the implementation of the “new asset management regulations”, the performance of the trust industry is generally under pressure. In this context, Chongqing Trust has accelerated its transformation, returned to its origin, and constantly sought a high-quality development path suitable for itself.
It is understood that after the “two pressures and one reduction” requirements of the regulatory authorities were issued, Chongqing Trust immediately implemented them accordingly and strictly, and successfully completed the pressure reduction target for two consecutive years. Among them, the financing business completed in 2021 decreased by 23.483 billion yuan, a decrease of 21.57%; The pressure drop scale of interbank financial channel business was 935 million yuan, a decrease of 26%; The scale of real estate trust was 2.004 billion yuan, a decrease of 8%.
How to fill the hole left by the pressure drop of traditional business? This requires that trust companies must comply with the regulatory guidance, abide by integrity and innovation. It is reported that in terms of standard product business, the company has cooperated with head institutions such as China Europe Fund and China International Capital Corporation Limited(601995) to vigorously expand high-quality asset securitization projects such as TOF products, standard bond investment and cash management. By the end of 2021, the company had 13 asset securitization projects with a scale of 28.984 billion yuan.
In terms of family trust business, as of the end of the reporting period, the company had 19 family trusts. Products including “Zhenshan Chuanjia series” and “Zhenshan Chuanjia Jinsheng family series” had formed a good promotion and replicable model. The scale of wealth sales increased by 47% year-on-year and the number of customers increased by 73% year-on-year, gradually forming a strategic layout based on Beijing and Chongqing and radiating the whole country.
In terms of green finance, the company pays attention to environmental protection and climate change and resolutely implements the low-carbon development strategy. In 2021 alone, Chongqing trust established five green trusts, with a total scale of 777 million yuan.
In terms of serving the real economy, Chongqing Trust is more responsible. Among the trust assets of more than 200 billion yuan of the company, 191775 billion yuan served the radiation area of the Yangtze River economic belt, 74.243 billion yuan served the Beijing Tianjin Hebei region, 38.468 billion yuan served the construction of the twin city economic circle in Chengdu Chongqing region, and 13.166 billion yuan served the construction of the Great Bay area of Guangdong, Hong Kong and Macao. A total of 191029 billion yuan was raised for the local economic construction of Chongqing. In addition, during the year, the scale of private trust services was 30.633 billion yuan, and the scale of trust services for small and micro enterprises was 15.176 billion yuan.
While fully serving the major national strategic deployment, Chongqing Trust has also created good financial benefits for customers and actively practiced social responsibility. In 2021, the company realized trust business income of 13.366 billion yuan and net profit of 11.664 billion yuan; Nearly 288 million yuan has been donated to various charitable activities, and more than 15000 people have been rescued and comforted the public security police and their families. They have participated in the “Spring Bud dream fulfillment action” for eight consecutive years, and have successively funded 297 poor female students.
