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Security fund for trust industry

China plans to establish a security fund for its trust industry, which has about $2 trillion under management, as repayment risks accumulate, the China Business News reported. The fund, to be established by the China Trustee Association and its members, will monitor industry risks and participate in the disposal of assets and restructuring of trust companies that are closed or suspended, the newspaper said, citing people it did not identify. Premier Li Keqiang is trying to sustain economic growth while containing financial stress after the nation's loosely regulated shadow-banking system started growing in 2010.

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