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's trust sector continues to shrink in 2019

March 23, 2020


Abstract : China's trust industry continued to shrink last year amid tighter financial regulation, while sustaining its momentum in supporting the real economy.

BEIJING, March 22 (Xinhua) -- China's trust industry continued to shrink last year amid tighter financial regulation, while sustaining its momentum in supporting the real economy.

Total trust assets of the country's 68 market players reached 21.6 trillion yuan (about 3 trillion U.S. dollars) at the end of 2019, down 4.85 percent year on year, data from the China Trustee Association showed.

Industrial and commercial enterprises continued to take the lion's share of total trust investment in the period, followed by basic industries, real estate and financial institutions.

The balance of the trust capital invested in industrial and commercial firms stood at 5.49 trillion yuan, accounting for 30.6 percent of the capital's total balance.

In 2019, the sector raked in 120 billion yuan of business revenue, increasing by 5.22 percent from the previous year and reversing a losing streak.

Scan the QR code and push it to your mobile phone

Keyword: financial trust

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