trust companies

"Currently, only securities and trust companies are allowed to be majority shareholders, from a strict reading of the rules, " it says.

An expansion in finance from trust companies, and a move to issue bonds offshore made up part of the shortfall.

However, trust companies, which do not take deposits, are more lightly regulated.

But so far, against our trust companies in employee performance management research literature are quite limited.

Local governments in many cases own the trust companies that help developers finance their purchase of the land, taking fees in the process.

"The trust companies were the lender of last resort, which is why it's so serious for that tap to be turned off, " says Mr Gallimore.

China's banking regulator, the China Banking Regulatory Commission (CBRC), disapproves of the trust companies' dalliance with the banks.

The rest comes from a variety of trust companies, finance companies, leasing companies and underground banks.

Under these circumstances, commercial banks start to reinforce cooperation with trust companies to avoid credit scale management.

Investors include individuals, insurance companies, pension funds, trust companies, investment companies, and other institutions.

Private bankers, brokers, trust companies, family offices and wealth managers are all asking the same question: What do wealthy women want?

But, the trust companies are still facing the challenges which come from the commercial banks, securities companies, insurance companies.

But new, more sophisticated financial institutions are starting to fill that role, exemplified this year by trust companies.

These products typically consist of loans the banks sell to trust companies with the promise they will buy the loans back in the future.

They rely on trust companies to sell their products, and investors open accounts and sign contracts with those trust companies.

Trust companies are broadly subject to the same restrictions on lending to property developers as banks are.

In the past few years, a few foreign financial institutions have invested in Chinese trust companies.

Mr Jacob said acquisition targets included asset management, insurance and trust companies.

Regulators sent the trust companies a notice early November warning them to be wary of risks in the real estate sector.

Trust companies were also instructed to set aside capital worth 10. 5% of their outstanding loans to guard against risks.

Many banks shifted loans off their books into financial products shrink-wrapped by China's "trust companies" .

To quell inflation, China's monetary authorities have tightened lending by banks and trust companies.

The trust companies and other shadow institutions are particularly active in the politically sensitive real estate market.

Analysts say China's banks are typically selling high-quality corporate loans to trust companies.

Customers: state-owned banks, commercial banks, foreign banks, trust companies and other financial and.

Some trust companies have already curtailed their real estate lending.

Trust companies are also heavily exposed to China's troubled property sector.

Enron had raptors; acronym-happy banks had SIVs and Chinese banks have trust companies.

Banking managers are employed by banks, trust companies and credit unions.

Foreign investors are limited to 20 per cent stakes in trust companies, giving them little operational control.

The CBRC didn't issue a statement on the policy change, instead informing trust companies by phone, the analysts say.

Trust companies are investment vehicles unique to China.

Third, can the trust companies find potential borrowers without the help of banks and funnel loans directly to them?

Trust companies have developed a reputation for being at the sharp end of financial innovation in China's economy.

"Non-banks such as trust companies are a response to a regulated interest rate regime. "

China's trust companies have more in common with hedge funds than trusts in the West.

This effectively gives the CBRC the power to quash a deal in advance, according to analysts who have spoken with trust companies.

Trust companies are not required to exercise all of the powers that they are granted.

The industry has been hailed as the quality of trust companies.

More ambitiously, the two oil giants, CNPC and CPCC (China Petroleum and Chemicals), are planning to buy banking and trust companies.

Trust companies have churned out such products this year.

Article 2 These Guidelines apply to the business cooperation conducted by banks and trust companies within the People's Republic of China.

Anecdotal evidence from friends in China running mutual fund and trust companies suggests a similar conclusion.

P. Morgan and Morgan Stanley had privately informed the CSRC that they intended to form joint investment and trust companies in China.

After cleaning-up and neatening the trust industry since year 1998, the trust companies in China have developed rapidly.

The trust companies occupy an unusual niche in China's financial sector.

Banks got around regulatory curbs last year in part by shifting loans off their books and onto those of lightly regulated trust companies.

A Study on the Simultaneous Relationship between Efficiency Indexes of Securities Investment Trust Companies and their Mutual Funds

Measures for the Administration of Trust Companies'Trust Plans of Assembled Funds

Roughly 100 or so are "sunshine private funds" that are created through trust companies (which themselves are regulated);

Administration Measures for Trust Companies

Trust companies are growing fast, fuelling fears of excessive credit growth

Tax Incentive for Services Provided by Trust Companies

On the Study of Risk Regulation in Crossing Financial Instructions--An Example of Trust Companies Issuing Trust Products

Banks and Trust Companies Law