Date
23 October 2017

Trust assets up 676.7 bln yuan in 3Q, paper says

China’s trust assets were worth 10.13 trillion yuan (US$1.66 trillion) at the end of September, up 676.65 billion yuan from the end of the previous quarter, the Securities Times reported Tuesday, citing data from the China Trustee Association. Financing assets accounted for 48.5 percent of the total, while investment assets made up 32.67 percent, the report said. The growth in financing assets suggested that capital could be tightening up in the market, Lin Chaiyi, chief economist of Guotai Junan Securities Co. Ltd., was quoted as saying.

– Contact HKEJ at [email protected]

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