Total outstanding assets of the trust...>

CHINA PRESS: Total outstanding assets of the trust industry amounted to CNY25.41

trillion, CNY833.5 billion less than that recorded at the start of the year,

showing the impact of the financial risk prevention campaign, reported

Securities Times on Thursday, citing data published by China Banking and

Insurance Regulatory Commission (CBIRC) on Wednesday. 

  - The objective of the campaign is to prevent banks from using trusts as a

channel to get around regulation, and the outstanding amount of trust funded by

banks has fallen CNY561.9 billion, or 4.6%, from the beginning of the year, the

report said. 

  - The CBIRC said the regulation will continue to be strong to make the trust

industry comply to new asset management regulation rules, the report said.