Citic Trust Program Envisions Market-Oriented Approach to Rural Land Issue

(Beijing) – A trust product introduced by Citic Trust offers a new, market-oriented solution to China's decade-long land problem.

Citic Trust, a subsidiary of state-owned Citic Group, set up the trust program with a district government under Suzhou, a city in the eastern province of Anhui, on October 10. The 12-year product is based on the management rights to 5,400 mu land, which is expected to be expanded to 25,000 mu in a few years.