A few weeks ago, we looked at the growth of wealth management in China – a big aspect of wealth management is the Trust industry, which we look at today.
Across multiple metrics, the Chinese futures market grew rapidly from 2006 to 2012. Total assets have grown by 6.5 times over the 6 years, net assets 7 fold and net profit growth by nearly 22 times in 2012 compared to 2006. So it is quite clear that Chinese futures industry…
Based on data released from the PBOC, bank card issuance in Q1 has increased 4.5% compared to 2012 Q4 to reach a total of 3.69 billion cards issued. Within the issued 3.69 billion cards, the total number of debit cards issued was 3.65 billion and total credit card issuance reached…
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