China: Default Alarm Rings as Trust Loans Jump Sevenfold

A seven-fold jump in last month’s lending by China’s trust companies is setting off alarm bells for regulators to guard against the risk of default. So-called trust loans rose 679 percent to 264 billion yuan ($42 billion) from a year earlier, central bank data showed on Jan. 15. That accounted f…

Read more here:
China: Default Alarm Rings as Trust Loans Jump Sevenfold