China’s Trust Assets Fall 2% in Third Quarter: Xinhua

China’s trust sector shrank in the third quarter of this year, data show, with total assets falling 2% year-on-year to 20.44 trillion yuan ($3.2 trillion), Xinhua reported.

China Trustee Association data revealed that investments by trust funds into the real estate sector saw a year-on-year contraction of 18.13% to reach 1.95 trillion yuan.

Read the full report: Xinhua.

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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