Banking Regulator Tells Three Large Trust Companies to Watch for 'Severe Risk'

(Beijing) – The China Banking Regulatory Commission has required three big trust companies to watch for "severe risk" in their projects and said another 11 should also be alert to potential problems.

The regulator issued the risk warning to the companies in late July in a meeting whose details were not publicized, after receiving internal risk assessment reports from 43 trust companies that presented the value of projects that are potentially at risk, sources with knowledge of the gathering said.