16 September 2019

China trust assets surge 46% in 2013 to new high, report says

China’s trust assets surged 46 percent last year to a record 10.9 trillion yuan (US$1.8 trillion), Bloomberg News reported Thursday, citing the China Trustee Association. About 48 percent of the trust products were sold to provide finance for borrowers, the association was quoted as saying in a statement. A quarter of the assets went to the infrastructure sector at the end of 2013, an increase of 1.6 percentage points from the beginning of the year, while 10 percent were for real estate, the report said.

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