China’s trust industry saw first annual growth in asset since 2018
China’s trust industry saw first annual growth in asset since 2018

China’s trust industry saw first annual growth in asset since 2018

 

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China's trust industry saw its asset increase in 2021 for the first time since 2018 after sliding for several years amid the country's efforts to crack down on shadow banking and contain financial risks.

By the end of 2021, China's total trust asset stood at 20.55 trillion yuan, rising by 60 billion yuan or 0.29% from a year earlier, and increasing by 0.52% from the end of the third . . .

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