China's Non-Bank Financial Institutions: Trust and Investment Companies (World Bank Discussion Paper)

World Bank Discussion Paper No. 358. Diversification of the financial sector has been one of the central features of China's recent and rapid economic growth. This book traces the development of China's Trust and Investment Companies (TICs), the most numerous non-bank financial institutions to emerge in China, and their link to the banking system. It describes TICs' role in the financial sector by presenting the legal and regulatory framework in which these companies operate and the regulatory framework for securities companies and mutual funds. The book provides tables showing TICs' financial information including balance sheets, assets, deposits and loans, and financial statements.