(MENAFN)
Industry data showed that the trust sector in China continued to drop in asset scale in the 2nd quarter of the year as a result of tighter financial regulations.
According to the China Trustee Association, the total trust assets of the country's 68 market players climbed to USD3.2 trillion at the end of June, a 7.15 percent decrease in comparison with a 4.88 growth in the last year.
The asset scale dropped 0.02 percent from the end of March.
Business revenue in Q2 increased 8.3 percent since the past year to reach USD4.12 billion, but the joint profits dropped 1.24 percent to about USD2.68 billion.
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