Making every step count

2021 is shaping up to be a critical year for the development of the trust industry in mainland China. On the one hand, trustees are united and actively contributing to the fight the ongoing COVID-19 pandemic through charitable trusts, special bonds, special loans, and other means. On the other hand, as macroeconomic pressure has intensified, the risk exposures of certain institutions have led to enhanced supervision and an unprecedented impetus to prevent and rectify financial risks.

This report, jointly produced by KPMG and Beijing International Trust Co., Ltd. (Beijing Trust), assesses the current state of China’s trust industry and discusses three key areas — wealth management, professional asset management and private equity investment — which will drive future business transformation. It features case studies and best practices developed from in-depth interviews with leading asset management and wealth management institutions.