China's trust sector expands in Q3

BEIJING, Dec. 18 (Xinhua) -- China's trust sector expanded steadily in the third quarter of this year, industry data showed.

The outstanding trust asset value came in at 21.07 trillion yuan (about 3.03 trillion U.S. dollars) at the end of September, up 3.08 percent from a year earlier, data from the China Trustee Association showed. On a quarter-on-quarter basis, the asset value was down 0.17 percent.

In terms of trust investment, 26.33 percent of the money, the largest share of all, went to industrial and commercial enterprises, indicating the sector's continued support for the real economy.

The investment in securities and bonds accounted for 4.31 percent and 21.77 percent, respectively, and the real estate sector received 8.53 percent of the total investment. 

Editor: Yu Huichen
Today’s Recommendations

Belt and Road Initiative fosters shared growth between China, Central and Eastern Europe

China and Central and Eastern European Countries (CEECs) have just concluded a key trade and commerce expo in Ningbo, east China, unleashing new potential for practical cooperation and deeper ties.【detailed】

Cambodia marks 10th anniversary of China's Belt and Road Initiative

Cambodia celebrated the 10th anniversary of the China-proposed Belt and Road Initiative (BRI), highlighting its great contributions to the kingdom's socioeconomic development and poverty reduction.【detailed】