Banks' entrusted business has...........>

CHINA PRESS: Banks' entrusted business has declined rapidly this year as

regulators have strictly controlled interbank liabilities, including negotiable

certificates of deposit, the Chinese Securities Journal reported Tuesday. As of

the end of the third quarter, banks' entrusted transactions stood at CNY10.21

trillion, down from CNY11.42 trillion at the end of the first quarter, while

entrusted wealth management products fell CNY1.02 trillion compared with the

same period last year, the report said. Big banks are likely to participate

directly in bonds and credit product investments in the future to their control

leverage and credit risks, while small banks will go back to credit servicing

and increased lending, the report predicted. (China Securities Journal)