China International Trust & Investment Corporation was founded on October 4, 1979, which was the first of its kind in China. (Xinhua)
BEIJING, Feb. 9 (Xinhua) -- China's outstanding trust assets totaled 20.13 trillion yuan by the end of 2020, reported the Xinhua-run Economic Information Daily citing China Trust Registration on Monday.
The number of outstanding investors had amounted to 824,200, up 38.46 percent from that at the beginning of 2020. Of the total, investors who are natural persons increased by 241,200.
Among all the outstanding trust assets, the investment scale by non-financial enterprises and natural persons stood at 4 trillion yuan and 3.5 trillion yuan respectively as of the end of 2020, showing a clear upward trend. The investment scale by financial institutions and financial products continued dropping to a level below 10 trillion yuan and 3 trillion yuan respectively.
According to China Trust Registration, the trust capital invested in industrial and commercial enterprises as well as in basic industries mainly came from financial institutions, while nearly 80 percent of the trust capital invested in real estate enterprises was from non-financial enterprises and natural persons, achieving a positive year-on-year growth.
Experts believed that trust companies should enhance marketing management, build customer information systems and foster wealth brands to realize an effective accumulation of customer resources. (Edited by Zhang Yuan with Xinhua Silk Road, zhangyuan11@xinhua.org)
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