CX Daily: China’s Trust Firms Pivot From Risky Debt After Crackdown
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China’s Trust Firms Pivot From Risky Debt After Crackdown
As of June 2025, standardized assets such as stocks and bonds accounted for more than half of China’s fund trusts by value, according to industry data.
FINANCE & ECONOMY
Exclusive: China Expands Digital Yuan Network With 12 New Banks
China is preparing to significantly expand the number of banks authorized to operate its digital yuan, with 12 additional lenders expected to join the program in a move to broaden the currency’s reach, according to people familiar with the matter.
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