Source: National Business Daily, ChinaScope Financial (Data)
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It was reported on March 21 that J.P. Morgan
has submitted a proposal to regulators regarding the acquisition of a 19.9%
stake in Bridge Trust Co., Ltd. The proposal is expected to be approved in the
second quarter at the earliest.
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So far, Bridge Trust has issued more than 300
trust products, with a value of CNY 50 billion, and returns to investors of CNY
3 billion. All the matured trust products have been cleared in time, with 100%
principal and interest payments.
Summary of Bridge Trust’s Business
Other News Headlines:
n CIRC: The Total Value of Insurance Company Portfolio Reaches CNY 3.85 Trillion at End of Feb.
n Belle: Plans to Acquire Rival Company for CNY 880 Million
n Agile Property Acquires Five Land Plots in Hainan
n J.P. Morgan to Acquire a 19.9% Stake in Bridge Trust
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