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More trust funds enter real economy

More trust funds were channeled into the real economy last year as China moved to strengthen financial support for money-starved small and medium-sized enterprises (SMEs). At the end of 2018, the outstanding pecuniary trusts totaled 18.95 trillion yuan ($2.82 trillion), nearly 30 percent of which, around 5.67 trillion yuan of trust funds, flowed into industrial and commercial enterprises, the China Trustee Association (CTA) said. The CTA said the manufacturing sector was a major destination for trust funds as it saw more than 570 billion yuan of inflow, up 1.29 percent year-on-year or up 2.85 percent from the previous quarter.