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China Tightens Trust Sector Regulations
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Overview
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China has implemented stricter regulations in the trust sector, prioritizing risk management and wealth services over profits to address industry risks. The rules aim to curb risky practices and enhance supervision of trust firms.
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Are there potential ripple effects on other financial sectors due to these regulatory changes?
How might these regulations impact the profitability of trust companies in China?
What specific measures are included in the differentiated supervision of trust firms?
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