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Shanghai FTZ to be site of trust registration center

The China Banking Regulatory Commission will set up a national trust registration center in Shanghai, the Economic Information Daily, reported on Tuesday. The center will be located in the China (Shanghai) Pilot Free Trade Zone. It will likely be controlled by the China Government Securities Depository Trust & Clearing Co Ltd, with equity participation by several institutions from Shanghai and other areas. The establishment of a national trust registration center is expected to boost the development of the country's trust registration system and trust beneficiary transfer platform.

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