Increased trust holdings raise risks for insurers

Companies' shadow banking assets hit 1.14 trillion yuan, or 13 percent of investments, reports Bloomberg.

A doubling in the trust holdings of China's insurers has prompted ratings companies to warn the industry may be taking on too much shadow banking default-risk.

Insurers held 281 billion yuan ($46 billion) of trust products on June 30, surging from 144 billion yuan at the end of last year, China Insurance Regulatory Commission data showed.