CBRC plans to create a regulatory body to oversee China’s burgeoning trusts industry

14 January 2015 | 2 minutes read

Following concerns stemming from a flurry of activity within China’s US$6 trillion shadow banking industry last year, China’s banking regulator reportedly plans to establish a new department dedicated to the regulation of the nation’s trust industry. According to local media reports, the China Banking Regulatory Commission (CBRC) is currently working towards setting up a division that oversees the trust industry in…

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