China Banking and Insurance.............>

CHINA PRESS: China Banking and Insurance Regulatory Commission is examining

nationwide trust companies on their channel businesses, reported China

Securities Journal on Wednesday. There are a number of trust companies that have

decided not to increase their channel businesses this year, the report said,

citing a source working in the industry. Due to regulatory pressure the total

scale of the trust industry shrunk in the first quarter compared with the end of

2017, a source close to regulators said. As most channel businesses directed

funding into the property sector and local government funding vehicles, cutting

channel businesses will make it more difficult for these sectors to raise funds,

the report said.