The past November was a bumper month for the issuance and registration of the trust industry. On December 6, China Trust Registration Co., Ltd. (hereinafter referred to as "China Xindeng") released trust registration data, which showed that 2884 newly registered trust products were added in the industry in November, an increase of 30.97% month on month; The initial raising scale was 620.485 billion yuan, an increase of 61.70% month on month. Specifically, the initial registration of new trust in November showed the characteristics of rapid growth of asset securitization business. According to the data, the asset securitization trust business scale of the new trust company as the direct issuer in November was 181.389 billion yuan, an increase of 64.19% month on month; Among them, the business scale of new asset-backed notes was 75.454 billion yuan, an increase of 86.22% month on month. In this regard, China Xindeng said that in recent years, in the process of implementing the new regulations on asset management and returning to its origin, on the one hand, the trust company has continuously improved its active management ability and improved the standard trust and investment system, including mom / fof business based on stock investment and cash management business based on bond investment; On the other hand, continue to seek transformation and development, vigorously carry out asset securitization business, and improve institutional advantages and entrusted service ability. In addition, consumer finance trust business grew significantly. With the frequent introduction of various normative documents in the consumer finance industry, the rules of consumer finance business are clearer, which also provides greater business space for trust companies that regulate consumer finance business. In November, the scale of new consumer financial trust products was 17.717 billion yuan, an increase of 243.29% month on month. It is worth mentioning that in November, two trust products that participated in stakeholder prepayment fund management in the service trust mode completed registration in that month, namely "Guolian trust · education and Training Fund Management No. 0 service trust plan" of Guolian trust and "Suxin service · Xinke education Zhong'an No. 1 service trust plan" of Suzhou trust. In July this year, the office of the CPC Central Committee and the office of the State Council jointly issued the opinions on further reducing the homework burden of students in the stage of compulsory education and the burden of after-school training, requiring risk control over the pre charging of after-school training institutions through third-party custody and risk reserve. Trust companies actively respond to national policies, give full play to the advantages of trust property independence and bankruptcy isolation system, and participate in stakeholder prepayment fund management through service trust mode. In fact, the integration of service trust and financial technology is accelerating. "There are at least three directions for the future transformation of China's trust industry: one is to transform into a characteristic asset management service institution, the other is to transform into a characteristic service trust institution, and the third is to transform into a trust bank." Shu Guang, President of Yunnan trust, said. With regard to the development trend of service trust, Shu Guang believes that the competition of service trust in the future will present the Matthew effect of constant and constant strength. Some trust companies that realize standardized, transparent and systematic operation will gain great advantages based on strong platform value and large-scale benefits. The opportunities for other trust companies in this field will be to give full play to the role of IT system with financial technology and carry out differentiated operation in an efficient and low-cost mode for new categories of assets and standardized assets, Strive for a certain market share. (outlook new era)