Jiangsu Financial Regulatory Bureau Jointly Promotes Implementation of Real Estate Trust Property Registration, Guides Suzhou Trust in Establishing Special Needs Real Estate Trust

China Internet Finance News, March 25 — Today, the Jiangsu Financial Regulatory Bureau announced that it, together with the Jiangsu Provincial Financial Office, Jiangsu Department of Natural Resources, and other agencies, issued a notice to pilot real estate trust property registration in Nanjing and Suzhou. The guidance includes establishing a special real estate trust in Suzhou Trust, incorporating assets such as properties, property income rights, and policyholder rights under the trust system.

According to China Internet Finance, in November 2025, the Jiangsu Financial Regulatory Bureau, Jiangsu Provincial Financial Office, Jiangsu Department of Natural Resources, and Jiangsu Taxation Bureau jointly issued the “Notice on Pilot Work for Real Estate Trust Property Registration” (hereinafter referred to as the “Notice”), clarifying the pilot registration of real estate trust properties in Nanjing and Suzhou.

The “Notice” aims to establish a real estate trust property registration system within Jiangsu in line with high-quality development of the trust industry. It addresses issues such as the inability to transfer real estate from the trustor’s name to the trust product’s name, and the registration only under the trust company’s name. This helps clarify the boundary between trust property and the trust company’s own assets, reinforcing the independence of trust assets.

The main contents of the “Notice” include: First, definitions and scope of application. It clarifies the definition of real estate trusts and their registration, applicable to trust institutions within Jiangsu conducting real estate trust business within the administrative regions of Nanjing and Suzhou. Second, related work requirements. Trustors should fully understand the trust mechanism, the value, risks, and risk prevention measures of real estate trusts; trust institutions should improve their management systems for real estate trust business, accurately classify business types, enhance trustee service capabilities, and effectively prevent risks. Third, specific procedures. Trust institutions should follow the process of “pre-registration of trust products — application for issuance of proof documents — registration of trust property — feedback on registration results.” When transferring real estate into a trust, the real estate registration authority shall, based on joint application by the trustor and trust institution, process the transfer registration according to the trust documents and registration certificates, recording trust-related matters in the real estate register. When transferring real estate out of a trust, the registration authority shall, based on joint application by the trust institution and relevant parties, process the transfer registration and delete the “trust property” annotations.

The Jiangsu Financial Regulatory Bureau stated that next, it will establish an information sharing mechanism with relevant provincial departments to guide the pilot cities in standardizing real estate trust property registration, ensuring the registration is compliant, accurate, and complete, and protecting the legal rights of trust parties. Meanwhile, it encourages and supports trust institutions to develop trust service models around scenarios such as intergenerational inheritance, family services, pension security, special needs, risk disposal, and public charity, promoting the orderly and high-quality development of real estate trust business in Jiangsu.