24 September 2018

Trust assets top 10 trn yuan but growth slows, paper says

Assets managed by trust firms in China reached 10.13 trillion yuan (US$1.66 trillion) at the end September, the Shanghai Securities News reported Wednesday, citing data released by the China Trust Industry Association. However, third-quarter growth slowed to 7.16 percent from 8.3 percent in the second quarter and 16.86 percent in the first three months of the year, the industry group said. Trust assets added 1.31 trillion in the three months to September, down 190 billion yuan from the previous quarter’s growth, the report said.

– Contact HKEJ at [email protected]



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