Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Industry

China publishes 2018 trust industry social responsibility report

September 27, 2019


Abstract : China's trust industry has been supporting the real economy, according to a report published by the China Trustee Association Thursday.

BEIJING, Sept. 26 (Xinhua) -- China's trust industry has been supporting the real economy, according to a report published by the China Trustee Association Thursday.

The report on trust industry social responsibility in 2018 showed the trust industry directly invested 13.72 trillion yuan (about 1.92 trillion U.S. dollars) in the real economy by the end of 2018, accounting for 72.42 percent of the total fund trust, 5.33 percent higher than the previous year.

Major national strategic projects were covered in the real economy field including the Belt and Road Initiative, the Yangtze River Economic Belt and the Guangdong-Hong Kong-Macao Greater Bay Area.

By the end of 2018, the trust assets managed by the whole industry totaled 22.7 trillion yuan, down 13.52 percent year on year, according to the report.

Under regulatory requirements of "dropping scale" in the trust sector, the annual revenue in 2018 declined 4.2 percent year on year to 114.06 billion yuan, while revenue from trust business in the whole industry was 78.18 billion yuan, down 2.91 percent from 2017.

The report also introduced the trust sector's efforts in improving people's livelihood, sustaining green development, preventing financial risks and promoting public welfare, staff support and social responsibility management.

Scan the QR code and push it to your mobile phone

Keyword: social financing trust sector

Reading:

China makes progress in promoting sustainable economic growth, employment

Chinese bank promotes RMB financial express services in Myanmar

Interview: China's financial opening up provides opportunities for foreign capital

Pinduoduo to raise 875 mln USD for business expansion

China's social credit system to better support business environment improvement, report

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial