Profitability is out and risk management is in. That’s the message in the latest set of regulations for China’s trust companies aimed at controlling a 22.6 trillion yuan ($3.1 trillion) industry that continues to be beset by scandals after a years-long overhaul.
In Depth: China Intensifies Efforts to Curb Risk in Troubled Trust Sector
2024年02月27日 19:57
As well as increasing the focus on risk control and services such as wealth management, new regulations aim to discourage trusts from acting as conduits for shady investments
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- China’s regulators have been working for years to overhaul the country’s troubled trust industry, which has been hit by scandal, fraud and defaults on investment products.
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