China’s banking and insurance regulator has pledged to continue its crackdown on the trust industry this year, with a particular focus on curbing trust financing and channel lending, amid concerns about mounting risks in the sector.
Regulator Warns China’s Trust Firms That Crackdown Isn’t Over
2021年02月10日 21:07
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财新网
Banking watchdog zeroes in on trust financing and channel lending at annual industry meeting
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- The CBIRC on Sunday outlined a target of cutting the total outstanding value of trust-financing products by another 1 trillion yuan this year. Photo: IC Photo
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