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As a source of steady income, trust companies had been taking loans off the books of banks and repackaging them up as trust products. The China Banking Regulatory Commission became alarmed when the volumes grew too big and in early July, leading the CBRC to abruptly close down the entire business by ordering trusts to halt all cooperation with banks. Recently, the CBRC has issued a new circular to allow bank-trust cooperation to resume in certain conditions.

On 10 November 2017, the Chinese Government announced that China will further open up its financial services sector.