CBRC eyes new trust body to combat risk: reports
The China Banking Regulatory Commission is seeking to establish a department to oversee the nation's $2 trillion trust industry in apparent recognition of growing risk, say local media.
China’s banking regulator is reportedly set to introduce a new department to oversee the nation’s $2 trillion trust industry in apparent recognition of growing potential risk.
Local media reported yesterday that the China Banking Regulatory Commission (CBRC) was seeking to add a spin-off entity from its non-banking division, possibly before the start of Chinese New Year next month.
The non-banking division, one of the 28 CBRC units, has hitherto been responsible for regulating t…
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