Xing Meng Recently, a number of listed companies have "stepped on thunder" trust products. On December 4, An Ji Food announced that after the previous investment in Zhongrong Trust's "Ruixi No. 1" product was overdue, the company's investment in Zhongrong Trust's "Yuying No. 1" product was overdue again, and the principal and income have not yet been received, and the two products involve a total of 11 million yuan. It is not an isolated case for investors such as listed companies to "step on thunder" trust products, which can not help but make people wonder whether trust products can still be boughtHow to choose to avoid "stepping on thunder"?The investment threshold of trust products for high-net-worth customers is quite high, generally starting at 1 million yuan, and has the characteristics of relatively high returns, so they are favored by investors. However, in recent years, due to the overall environment of the real estate industry, real estate trusts, which were once one of the mainstream product types, have begun to default on their payments, and the once "good students" have fallen to the bottom. However, it should be noted that the transformation effect of the trust industry, which has lasted for many years, is emerging. According to data from the China Trust Association, as of the end of the second quarter of 2023, the scale of trust assets was 2169 trillion yuan, has achieved positive year-on-year growth for five consecutive quarters. This means that there are still many investors who are interested in trust products. At present, trust funds tend to avoid advantages and disadvantages, avoid high-risk areas, and flock to the ** market that accommodates the "basic disk" (listed companies) of the real economy. From the perspective of trust fund investment, the market (including **, bonds and **) is the largest investment direction, and the investment scale continues to increase;The scale of funds invested in real estate has been at the bottom. It can be seen that trust products are not impossible to buy, and standard trusts with clear underlying assets are still high-quality investment targets. **Among investment trust products, standard trusts with clear underlying assets and good liquidity have a relatively high margin of safety. However, trust products are suitable for qualified investors with a certain risk tolerance, especially in the context of the breaking of the rigid payment of trust. High returns often mean high risks, and trust investors should change their concepts, not only see high returns, but should always put risk perception in the first place. The author suggests that investors should allocate trust products to adapt to different types of products according to their own risk appetite, and must pay special attention to the underlying assets, whether they can penetrate and whether they are risk assets. At the same time, it is also necessary to choose a trust company with strong strength, sound risk control and perfect internal governance. In addition, it is necessary to understand the regulatory policies and market environment, adjust your investment portfolio in a timely manner, and reduce the overall risk. Industry transformation will inevitably encounter a "painful period". In essence, the default of some trust products also reflects to a certain extent that the industry is accelerating the liquidation of stock risks. It can be expected that with the further clearing of risks, more, better and more distinctive trust products will be put on the financial management shelves. The trust concept of "being entrusted by others and managing wealth on behalf of others" will also be more deeply rooted in the hearts of the people.
* |Station cool Hailuo production |Zhou Wenrui