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China clamps down on lending by trust companies

Fast-growing 20 trillion yuan industry at heart of vast shadow banking industry is under pressure to step up compliance and background checks


AS a flood of unregulated cash swirls through the Chinese economy, Beijing has been taking aim at the trust companies whose unrestrained lending practices are worrying regulators. The trusts, at the heart of a vast shadow banking industry, are being pressured to step up...

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