China Orders Audit of $3 Trillion Trust Industry

Bloomberg Markets and Finance published this video item, entitled “China Orders Audit of $3 Trillion Trust Industry” – below is their description.

China’s $3 trillion trust industry is under scrutiny by the nation’s top auditor. This comes as losses on loans to the property sector are mounting, posing risks to financial stability. Stephen Engle reports on Bloomberg Television.

Bloomberg Markets and Finance YouTube Channel

Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

About This Source - Bloomberg Markets and Finance

Bloomberg Markets and Finance features news about financial markets from around the world. Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

Bloomberg Books #Ad

Recent from Bloomberg Markets and Finance:

Stocks Won’t Rise Much From These Levels: Barings’ Smart

Munis a Great Spot to Invest Now, Vanguard’s Malloy Says

FTX CEO Bankman-Fried on Doing More Deals, Bitcoin, Regulation

Leave a Comment

We don't require your email address, or your name, for anyone to leave a comment. If you do add an email address, you may be notified if there are replies to your comment - we won't use it for any other purpose. Please make respectful comments, which add value, and avoid personal attacks on others. Links are not allowed in comments - 99% of spam comments, attempt to post links. Please describe where people may find additional information - for example "visit the UN website" or "search Google for..." rather than posting a link. Comments failing to adhere to these guidelines will not be published.