Thursday, April 15, 2021
Tags Chinese trust companies

Tag: Chinese trust companies

Trust Companies Sees 20% Profit Drop Amidst Squeeze on Chinese Shadow Banking

The trust sector in China posted a sharp decline in both profits and asset scale in 2020 as regulators stepped up the...

China’s Financial Authorities Take over Nine Insurers, Trust Companies and Brokers

China's top financial authorities have taken over control of a slew of companies in the finance sector following regulatory breaches.

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

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

Spot Inspections of Trust Firms Leads to Suspension of Conduit Business for Banks

The China Banking and Insurance Regulatory Commission has launched nation-wide on-site spot inspections of financial institutions including trust companies, as part of its ongoing...

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Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...

Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...

Chinese CPI Bounces Back into Positive Territory in March

China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...

Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...