The revisions also simplify application procedures and allow securities firms to provide financial planning services to clients through trusts.
November 11, 2022Banks can offer high net worth clients access to uncertified securities investment trust funds from other jurisdictions.
August 23, 2022Securities firms will be allowed to design more diversified trust products, enabling them to better meet customers' financial planning needs, the FSC said.
August 11, 2022Former Sichuan Trust president Chen Jun is being punished for his role in the firm's failure to repay investors about CNY 25 billion.
June 30, 2021Liu Canglong, who controls companies with a majority stake in Sichuan Trust, is being held by the public security bureau in Chengdu.
June 9, 2021Police have detained Anxin Trust's biggest shareholder for lending assets under management in trust products to friends and other associates.
June 12, 2020The misappropriation involved the transfer of assets from trust products to company shareholders, and the illegal use of assets to make payments for other products, among other purposes.
April 10, 2020