Crisis in China: Protests AGAINST Xi Jinping as U.S. HITS BACK 245% Tariffs

[k1976]

Another China shadow bank seeks state help as trust sector reels​

Published Mon, Apr 21, 2025 · 03:04 PM
China

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• China's trust sector has been reeling from the nation’s protracted property crisis and crackdown on leverage. PHOTO: AFP
• China's trust sector has been reeling from the nation’s protracted property crisis and crackdown on leverage. PHOTO: AFP
• China's trust sector has been reeling from the nation’s protracted property crisis and crackdown on leverage. PHOTO: AFP
• China's trust sector has been reeling from the nation’s protracted property crisis and crackdown on leverage. PHOTO: AFP
• China's trust sector has been reeling from the nation’s protracted property crisis and crackdown on leverage. PHOTO: AFP

CHINA’S state-owned AVIC Trust is seeking assistance from two of its peers after delaying payments on some of its investment products, a sign of worsening problems in the country’s US$3.7 trillion trust industry.

The closely held trust company said in a statement late on Friday (Apr 18) that it has entered into a service agreement with CCB Trust and SDIC Taikang Trust. The two state-owned financial institutions will handle AVIC Trust’s daily operations and management, and its outstanding claims and debts will remain unchanged, it said.

 

[ftan42]

Whatever happens in China's property markets or shadow banking sector will likely have a gradual impact on its US counterpart. Let time will tell us

 

[k1976]

Whatever happens in China's property markets or shadow banking sector will likely have a gradual impact on its US counterpart. Let time will tell us

The world is interconnected financially

 

[TanSong]

Pls sex-plain

@rocket this one ?

 

[syed putra]

Slowly but surely the cheap stuff are usually made in Vietnam or other SE Asian countries, or India or Bangladesh.

I've said time and again: Tiongs of Tiongland have only these career options: farming (ownself grow and ownself eat, because no guarantee other countries will export food to you), PLA military cannon fodder, prostitution.

And perish the thought of high tech delulu fantasies: robots, A.I, crypto, EVs, space projects etc. Save the money and ensure you don't starve.

No need to guess which country he is referring to.

That sounds like just about any far East Asian country

 

[mojito]

245% of 0... is wat huh? An lah!

 

[syed putra]

245% of 0... is wat huh? An lah!

That was trumps idea. To stop Imports and start producing locally. But we all know US citizens won't be as efficient as those in other countries.

 

[k1976]

eels

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Pulse

Another China shadow bank seeks state help as trust sector reels​

Published Mon, Apr 21, 2025 · 03:04 PM
China

• 
  
• 
  
• 
  
  
  
• 
  

• China's trust sector has been reeling from the nation’s protracted property crisis and crackdown on leverage. PHOTO: AFP
• China's trust sector has been reeling from the nation’s protracted property crisis and crackdown on leverage. PHOTO: AFP
• China's trust sector has been reeling from the nation’s protracted property crisis and crackdown on leverage. PHOTO: AFP
• China's trust sector has been reeling from the nation’s protracted property crisis and crackdown on leverage. PHOTO: AFP
• China's trust sector has been reeling from the nation’s protracted property crisis and crackdown on leverage. PHOTO: AFP

CHINA’S state-owned AVIC Trust is seeking assistance from two of its peers after delaying payments on some of its investment products, a sign of worsening problems in the country’s US$3.7 trillion trust industry.

The closely held trust company said in a statement late on Friday (Apr 18) that it has entered into a service agreement with CCB Trust and SDIC Taikang Trust. The two state-owned financial institutions will handle AVIC Trust’s daily operations and management, and its outstanding claims and debts will remain unchanged, it said.

The custody arrangement is another troubling development for China’s sprawling trust sector, which has had a series of defaults and collapses in the past few years amid an unrelenting property crisis. AVIC Trust’s brief statement bore similarities to one in 2023 from Zhongrong International Trust – formerly one of China’s largest shadow banks – when it sought assistance from CCB Trust and another state-backed financial firm after missing payments on numerous wealth products. eels

Subscribe from S$9.90/month​

Pulse

Another China shadow bank seeks state help as trust sector reels​

Published Mon, Apr 21, 2025 · 03:04 PM

China​

• 

• China's trust sector has been reeling from the nation’s protracted property crisis and crackdown on leverage. PHOTO: AFP
• China's trust sector has been reeling from the nation’s protracted property crisis and crackdown on leverage. PHOTO: AFP
• China's trust sector has been reeling from the nation’s protracted property crisis and crackdown on leverage. PHOTO: AFP
• China's trust sector has been reeling from the nation’s protracted property crisis and crackdown on leverage. PHOTO: AFP
• China's trust sector has been reeling from the nation’s protracted property crisis and crackdown on leverage. PHOTO: AFP

CHINA’S state-owned AVIC Trust is seeking assistance from two of its peers after delaying payments on some of its investment products, a sign of worsening problems in the country’s US$3.7 trillion trust industry.
The closely held trust company said in a statement late on Friday (Apr 18) that it has entered into a service agreement with CCB Trust and SDIC Taikang Trust. The two state-owned financial institutions will handle AVIC Trust’s daily operations and management, and its outstanding claims and debts will remain unchanged, it said.
The custody arrangement is another troubling development for China’s sprawling trust sector, which has had a series of defaults and collapses in the past few years amid an unrelenting property crisis. AVIC Trust’s brief statement bore similarities to one in 2023 from Zhongrong International Trust – formerly one of China’s largest shadow banks – when it sought assistance from CCB Trust and another state-backed financial firm after missing payments on numerous wealth products.