Assets under Management of China’s 68 Trust Companies Drop 4.85% YoY in 2019

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Data from China’s peak body for the trust sector indicate that assets under management dropped by over 4.8% YoY in 2019.

The total assets under management of China’s 68 trust companies stood at 21.6 trillion yuan as of the end of the fourth quarter of 2019, for a decline of 4.85% compared to the figure of 22.7 trillion yuan at the end of 2018, according to data recently released by the China Trustee Association (中国信托业协会).

Assembled funds trusts stood at 9.9 trillion yuan at the end of 2019, accounting for 45.93% of the total, while single fund trusts were around 8 trillion yuan, for a 37.1% share.

Managed trusts were 3.67 trillion yuan, for a 16.98% share.

Industrial and commercial enterprises were first in terms of investment allocations by trust companies, followed by infrastructure and real estate, while financial institutions slid from second place to fourth place.

The operating revenues of China’s trust sector was 120.012 billion yuan in total at the end of 2019, for a YoY rise of 5.22% compared to the end of 2018, when operating revenues slid by 4.2% YoY.

As of the end of Q4 2019 trust sector risk assets stood at 577.047 billion yuan ,for an increase of 354.86 billion yuan, or 159.71%, compared to the end of 2018.

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