Trust firms' revenues at risk
By Hu Yuanyuan | China Daily | Updated: 2013-11-29 07:45
Consultancy warns that nation's reform could undermine sector
The revenues of China's 10 trillion yuan ($1.64 trillion) trust industry are at risk as the government deepens financial reforms, research from Ping An Trust Co Ltd and McKinsey & Co showed on Thursday.
About 88 percent of industry revenues are at risk in the long run, and 39 percent of earnings are expected to disappear completely within five years, according to the research.
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