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Yango Group's subsidiary seeks RMB 30 mln through equity trust at 8.5% p.a
2020/05/19 11:22:46
Yango Group, 000671

May 19, 2020 (China Knowledge) - Yango Group (000671), through its subsidiary , has closed a RMB 30 mln equity trust offering 8.5% interest per annum. It is structured and classified as equity trust investing in real estate. The trust is registered and issued from Nanchang, Jiangxi Province. AVIC Trust acts as trustee of the product.

A trust is a fiduciary relationship in which the settlor gives the trustee the right to manage and hold title to property or assets for the benefit of a beneficiary. In China, trusts have evolved to a point where they exist more for the purposes of investment than for the purposes of private asset management. 

Unlike the West where trust is usually refers to family trust or real estate investment trust (REIT) the 68 trust firms in China play the roles or 'licensed' to function almost like investment bank, private equity investor, loan syndicator, project financier, asset manager, venture capitalist and possess far greater flexibility in securing asset when offering loans.

As of Apr 2020, the size of the trust industry reached RMB 13 trln (USD 1.86 trln).

To obtain further information on the availability and terms of investment please email to or call (86) 21 8033 6883.

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