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Total trust loans expanded in the.......>

CHINA PRESS
CHINA PRESS: Total trust loans expanded in the first half of the year to their
largest volume in seven years as transactions using multiple funding channels
rebounded and a large amount of capital from insurance was invested in
nonstandard assets, the China Securities Journal reported Tuesday. According to
data from the People's Bank of China, trust loans increased by CNY1.31 trillion
in the first half of this year, compared with CNY279.2 billion in the same
period last year, the report said. Banks' wealth management funds are the
biggest source of capital for trust loans, while real estate companies are the
main borrowers of trust loans, the report said. But the rising momentum of trust
loans will not continue because authorities are increasingly focused on such
activities and will further tighten regulations, the report argued. (China
Securities Journal)

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