17 January 2019

Citic Trust eyes more projects related to rural land, paper says

Citic Trust Co. Ltd. is planning to invest more in projects that involve rural land transfer in the agricultural provinces of Hebei, Inner Mongolia and Sichuan, the Economic Information Daily reported Monday, citing unidentified sources. With growing demand for funds amid accelerated rural land reforms, trust firms are eyeing huge opportunities. Citic has been involved in several projects in Anhui, Shandong and Guizhou since October last year. As more trust firms rush into the market, one should watch out for risks stemming from change of rural land use for non-agricultural projects, analysts were quoted as saying. 

– Contact HKEJ at [email protected]



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