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Regulators Turn the Screws on Trust Financing as Risks Mount

2020年06月19日 20:16 来源于 财新网
CBIRC sends out window guidance to some trust firms to cut their exposure to the business
China has 68 authorized trust companies and at the end of March, the total outstanding value of financing-related trust products stood at 6.18 trillion yuan.

As risks mount in China’s trust sector amid the fallout from the coronavirus pandemic, the country’s banking and insurance regulator is stepping up efforts to rein in trust financing, informally telling some institutions to cut their exposure to the business ahead of new regulations to control how they manage client funds.

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