Summary: China’s trust industry has rapidly emerged as a needed source of capital for firms that might otherwise not have ready access to traditional sources of funding. But while trusts will continue to play a major role in getting capital where it’s needed, there’s a growing concern that the industry could pose a risk to the stability of China’s financial system. In this podcast, Nick Leung discusses this topic with Stephan Binder and Xu Jun. Stephan and Jun are Partners in Shanghai who have recently published a report on China’s trust industry, prepared in collaboration with Ping An Trust. Nick is the managing partner of McKinsey’s Greater China Practice.
