BEIJING (Reuters) – China on Monday issued guidelines on strengthening supervision of trust companies, aiming to bolster risk control within the trust industry, according to a statement released on the government’s website.
Under the guidelines, China will step up market access regulation and strictly review the qualification of the trust firms’ shareholders.
It will also ban illegal repayments through rolling issuance of trust products, the statement said.
(Reporting by Beijing Newsroom; Editing by Toby Chopra)
