Chinese trust companies launched a total of 217 fixed-income collective trust products in September, down 2.25 percent compared with a month ago or down 40.22 percent compared with a year ago, according to a report by Beijing-based financial services firm licai.com on Tuesday.
Average annualized yields promised by these trusts fell to 8.48 percent, compared with 8.78 percent in August.
The report said the decline was a result of easing monetary conditions, as well as lower financing costs for businesses.
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