久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

US EUROPE AFRICA ASIA 中文
Business / Markets

New default woes for China Credit Trust

By Gao Changxin in Shanghai (China Daily) Updated: 2014-07-26 09:30

Investors become cautious about the market, industry index indicates

A 1.3 billion yuan ($209.68 million) trust product has delayed repayments, pointing to the deteriorating health of China's trust industry, which is scheduled to repay investors more than 250 billion yuan in the remaining months of the year.

The Beijing-based China Credit Trust Co Ltd delayed payments on a trust product backed by coal-mining assets after it failed to raise funds to repay investors. The trust repayment was scheduled to occur on Friday, but there was only 61,538 yuan left in the trust as of the end of June, according to the trust's disclosure to its investors.

China Credit Trust has promised to liquidate assets under the trust within 15 months to repay investors, according to a statement on Thursday.

It is the second default by China Credit Trust this year. In January, a 3 billion yuan trust product sold by the company failed to pay part of the interest due to investors.

China Credit Trust is a leader among the nation's 68 trust companies. It oversaw 357.2 billion yuan in trust assets as of Dec 31, 2013 and reported a profit of 1.85 billion yuan last year.

Trust investments, especially those in infrastructure and property, are getting riskier as many projects are finding it hard to maintain positive cash flows amid the economy's deceleration.

Trust products worth more than 250 billion yuan will mature during the rest of the year, according to data from Hithink RoyalFlush Information Network Co Ltd, a financial information provider. In December alone, 456 trust products are expected to mature.

Only 52 percent of trust products had no problem raising funds in June, according to a trust industry index compiled by Use Trust Studio, a trust industry monitor, showing that investors are becoming cautious about investing in trusts.

In a July 10 note, UBS AG compiled a list of 15 trust products that have had repayment problems this year, based on media accounts and company disclosures.

Wang Tao, an economist with UBS, wrote in the note that while government intervention and a pickup in banking lending and liquidity levels have helped avoid large-scale defaults so far, she still sees the risk of trust defaults sending a ripple effect through the credit system, prompting a credit crunch and sizable losses for certain institutions.

"It is still surprising that not more defaults have happened by now," she wrote. "As local governments' financial situations deteriorate going into 2015, market concerns for an explosion of shadow credit defaults may yet revive."

Credit Equals Gold No 2 was created in July 2011 to fund mining projects for Shanxi New North Group Co, a coal company based in the northern Chinese province of Shanxi. The trust is fully collateralized by multiple mining rights.

The Shanghai Securities Journal reported that there is a dispute over one item of collateral, the 100 percent stake in a certain mining company, which the company used to get 200 million yuan financing. The case is currently being heard by a court in Beijing.

China Credit Trust's biggest investor is People's Insurance Co (Group) of China Ltd, which owns a 33 percent stake, according to the trust firm's website.

China's trust industry facing growing risk

Citic Trust fails to get payment for trust product

 

Hot Topics

Editor's Picks
...
...
久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    9191成人精品久久| 91久久精品一区二区| 美女视频一区在线观看| 91精品久久久久久久久99蜜臂| 日韩高清不卡一区二区| 精品欧美黑人一区二区三区| 国产成人综合网| 亚洲日本免费电影| 欧美日韩国产综合一区二区三区| 视频一区在线播放| 久久久久综合网| jiyouzz国产精品久久| 亚洲在线视频免费观看| 日韩欧美国产麻豆| 成人免费毛片app| 一区二区三区四区五区视频在线观看| 天天亚洲美女在线视频| 国产成人免费视频| 日韩视频一区二区三区在线播放| 亚洲成人av在线电影| 欧美丰满一区二区免费视频| 婷婷综合五月天| 日韩精品中文字幕在线不卡尤物| 美腿丝袜亚洲一区| 久久综合九色综合97婷婷| 国产一区啦啦啦在线观看| 国产午夜精品一区二区三区嫩草| 精品无人区卡一卡二卡三乱码免费卡| 久久久久九九视频| 日本韩国一区二区三区视频| 亚洲成人av一区二区| 精品少妇一区二区三区在线播放| 国产成人精品一区二区三区四区| 日韩美女久久久| 69精品人人人人| 国产一区二区剧情av在线| 中文字幕一区二区三区乱码在线| 色天使久久综合网天天| 天堂成人免费av电影一区| xnxx国产精品| 99国产精品视频免费观看| 三级欧美韩日大片在线看| 2欧美一区二区三区在线观看视频| 成人免费高清在线| 日韩专区在线视频| 中文字幕第一区二区| 欧美日韩精品一区二区| 国产一区二区三区在线看麻豆| 日韩理论片在线| 日韩午夜在线观看| 国产福利一区在线| 首页综合国产亚洲丝袜| 中文字幕日韩精品一区| 精品国产一区二区精华 | 91毛片在线观看| 日韩av电影一区| 国产欧美日韩一区二区三区在线观看| 91黄色免费观看| 国产美女视频91| 亚洲福利视频一区| 久久精品欧美日韩| 欧美日韩一卡二卡三卡| 国产.欧美.日韩| 日韩专区在线视频| 亚洲精品少妇30p| 久久午夜羞羞影院免费观看| 欧美自拍偷拍一区| 高清国产午夜精品久久久久久| 亚洲成人av一区| 国产精品久久久久永久免费观看 | 亚洲欧洲制服丝袜| 亚洲精品在线观看视频| 欧美日韩国产综合草草| 99久久久无码国产精品| 极品销魂美女一区二区三区| 亚洲bt欧美bt精品| 成人欧美一区二区三区黑人麻豆| 欧美精品1区2区| 91免费看视频| 国产在线一区观看| 人禽交欧美网站| 亚洲精品老司机| 欧美国产1区2区| 精品国产1区二区| 欧美日韩精品一区视频| 91麻豆免费观看| 国产精品亚洲一区二区三区在线 | 亚洲精品伦理在线| 欧美激情综合五月色丁香小说| 日韩一区二区在线观看| 欧美怡红院视频| 不卡的看片网站| 国产成人免费在线观看| 麻豆成人久久精品二区三区红| 亚洲第一av色| 亚洲综合色自拍一区| 国产精品国产三级国产普通话蜜臀 | 久久国产日韩欧美精品| 性做久久久久久久久| 中文字幕一区二区三| 国产午夜亚洲精品羞羞网站| 欧美电影免费观看高清完整版在线观看 | 日韩你懂的在线播放| 欧美色综合影院| 欧美亚洲国产怡红院影院| 成人av网站在线观看免费| 国产91对白在线观看九色| 国精品**一区二区三区在线蜜桃| 青青草原综合久久大伊人精品优势| 五月婷婷综合激情| 午夜精品久久久久久久蜜桃app| 一区二区三区在线观看视频| 亚洲欧美精品午睡沙发| 亚洲婷婷国产精品电影人久久| 国产精品入口麻豆九色| 国产欧美日韩在线观看| 中文字幕二三区不卡| 国产精品视频yy9299一区| 一色屋精品亚洲香蕉网站| 亚洲欧美综合色| 亚洲欧美激情在线| 夜夜嗨av一区二区三区四季av | 日韩专区一卡二卡| 日韩av电影一区| 久久99国产精品久久| 国产制服丝袜一区| 国产成人精品影视| 99久久久精品| 色国产精品一区在线观看| 一本大道久久精品懂色aⅴ| 91福利在线看| 欧美日韩精品一区二区三区蜜桃 | 日韩欧美国产小视频| 久久综合成人精品亚洲另类欧美| 国产亚洲精品久| 中文字幕一区二区日韩精品绯色| 最新高清无码专区| 亚洲图片有声小说| 日本一区中文字幕| 精品亚洲成av人在线观看| 国产精品伊人色| 波多野结衣的一区二区三区| 色婷婷激情一区二区三区| 欧美精品乱人伦久久久久久| 精品美女在线观看| 国产偷v国产偷v亚洲高清| 一色屋精品亚洲香蕉网站| 亚洲一区二区四区蜜桃| 免费在线看成人av| 国产精品综合一区二区三区| 北岛玲一区二区三区四区| 欧美综合一区二区| 欧美va日韩va| 日韩一区在线播放| 日韩精品一区第一页| 国产九色精品成人porny| 91在线免费视频观看| 51久久夜色精品国产麻豆| 久久亚洲精华国产精华液| 亚洲免费在线观看视频| 日韩av中文在线观看| 成人视屏免费看| 欧美日韩黄色一区二区| 久久久久久久久久久久电影| 亚洲视频在线观看三级| 三级欧美韩日大片在线看| 福利电影一区二区三区| 欧美三级在线视频| 久久久99精品久久| 一区二区三区四区在线免费观看| 裸体健美xxxx欧美裸体表演| 国产精品一区2区| 91福利视频在线| 2022国产精品视频| 亚洲黄一区二区三区| 日本麻豆一区二区三区视频| 成人免费电影视频| 欧美一区二区黄| 国产亚洲精久久久久久| 亚洲精品久久久久久国产精华液| 亚洲成av人片| 国产成人一级电影| 欧美精品1区2区| 亚洲欧洲精品一区二区三区不卡| 日韩激情视频网站| av亚洲精华国产精华| 日韩一区二区中文字幕| 亚洲免费在线播放| 国产精品一区二区久久精品爱涩 | 奇米888四色在线精品| 99国内精品久久| 欧美刺激脚交jootjob| 亚洲已满18点击进入久久| 国产精品影视天天线| 555www色欧美视频| 亚洲免费色视频| 国产高清在线精品| 欧美日韩免费在线视频| 中文字幕在线免费不卡| 国产中文字幕一区|