The annualized yields of trust products in China underwent a sharp decline in the third quarter of this year, according to official figures released recently.
The average annualized yields of trust products stood at 7.3 percent in the third quarter of 2015, down nearly 3 percentage points from 10.19 percent in the second quarter of this year, according to data from the China Trustee Association. Insiders attributed the fall to China's pushing for interest rate liberalization, which sent social financing cost going down.
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