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Ping An Trust
Ping An Trust
NEWS
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If Quick Profits Are No Longer Possible, Are Trust Companies Still Worth It?
  • The Chinese trust industry saw a 13% increase in assets under management in 2023, reaching ¥23.92 trillion.
  • Despite the growth in assets, profits stagnated, causing an industry polarization with over half of the companies facing revenue and profit declines.
  • Asset service trusts outpaced asset management trusts, constituting 57% of newly established trust products from June to December 2023.
Jun.8 2024 13:14 PM
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Ping An Trust Misses Payment on Property-Backed Investment Plan
The trust company is filing a lawsuit against defaulted developer Zhenro, asserting that it has “obligations to buy back the product”
Apr.11 2024 05:44 AM
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Court Rules Primavera Wronged Investors With Ant Share Sale, Upholds Rulings Against Ping An Trust
Shenzhen court says PE firm founded by financier Fred Hu should hand over all its gains from the stake sale so they can be returned to investors
Jul.7 2023 21:35 PM
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In Depth: Private Equity Firm Accused of Misconduct in Ant Group Stake Sale Involving Trust Investors
Investors in Primavera Capital fund say firm cheated them out of returns by offloading a 0.1% stake in the finch superstar on the cheap
Sep.5 2020 22:05 PM

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