China to Launch First National Center for Trust Products

(Beijing) — China is on the verge of setting up a national center to register trust products, and possibly even allow some types of trading, making the 17 trillion yuan ($2.5 trillion) market more transparent and liquid, according to people with direct knowledge of the matter.

China Trust Registration Co., the government-backed company that will manage the center, could be open for business by as early as the end of this year, according to the people.