Trusts lose glitter as shares soar

Infrastructure funds come under pressure after govt guarantees end

The value of trust funds established in the fourth quarter contracted 25 percent year-on-year to 223.7 billion yuan ($36.1 billion), the first year-on-year decrease since 2008.

User-trust.com, a data services platform, said that property-based trust funds fell by the largest amount among all categories. The aggregate value of new property trust funds was down 68.6 percent to 31.2 billion yuan, and the average term slid from 1.84 years to 1.65 years.