China’s trust sector amasses Rmb3.7 trillion in assets
Trust companies may be booming in China, but the banking regulator is starting to scrutinise the shadow-banking role they play.
With the help of light regulation and financial innovation, China’s trust industry has boomed in the past two years, with total assets hitting Rmb3.7 trillion ($580 billion) as of June 30, up 23% in the first half alone, and 28% since the end of June 2010.
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