FINANCE

China’s Trust Sector Returns to Profit Growth After Regulatory Overhaul

Published: Dec. 22, 2025 5:01 p.m. GMT+8

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China’s trust sector returned to profit growth in the first half of this year, following a regulatory overhaul aimed at curbing shadow banking risks.

Total profit at China’s trust companies edged up 0.45% year-on-year to 19.7 billion yuan ($2.8 billion) in the period, supported by rising revenue, data from the China Trustee Association showed. Despite the rebound, profit levels remain well below historical highs, reflecting the sector’s ongoing transition.

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China’s trust sector saw profits rise 0.45% year-on-year to 19.7 billion yuan ($2.8 billion) in H1 2024 after regulatory reforms.
Assets under management hit a record 32.4 trillion yuan, with over 75% in asset management trusts and investment shifting to standardized instruments.
Profit remains below historical peaks; trust firms are moving toward service-oriented models as non-standard asset exposure declines.

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