As the capital strength of the trust company has been enhanced，the increase in capital calmed down in 2019，but there are still companies having the pressure to increase capital in order to meet the regulatory requirements. The assets and liabilities structure of the trust industry remains stable，and investment assets is always the main part of asset allocation. As a result，the investment income contributes the most in the proprietary business revenue as usual.

In 2019，due to the rapid growth of Changes in Fair Value Gains and Losses，the trust industry’s proprietary business revenue has recovered from declining. Also，the return on proprietary business increased slightly，though it’s still at a low level，unable to change the downward trend of the industry’s profitability. The ranking of the return on proprietary business of each trust company has changed greatly in each year，which indicates that the profitability of the proprietary business is not stable enough and is greatly affected by macroeconomic situation and regulatory environment.