Caixin
Aug 22, 2018 08:23 PM
FINANCE

Regulators Clarify Rules on Trusts’ Channeling Business to Boost Lending: Report

China’s trust sector has been reeling from new rules that tighten controls over the $16 trillion asset management sector. Photo: VCG
China’s trust sector has been reeling from new rules that tighten controls over the $16 trillion asset management sector. Photo: VCG

* Channeling has been one of the main targets of the government’s crackdown on shadow banking

* Assets under management of the country’s 68 trust companies via the channeling business fell 4.3% over the first four months on this year

In a sign China’s regulators are concerned that tough controls over shadow banking may be choking off credit and exacerbating a slowdown in economic growth, trust companies have reportedly been told they can carry out some types of channeling business if it serves the real economy.

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