3 ms·
My understanding is that is that in the Chinese system of commercial paper (corporate depth) not only is the company responsible for paying back the money but a
by DrDroop 3y ago
My understanding is that is that in the Chinese system of commercial paper (corporate depth) not only is the company responsible for paying back the money but anyone who ever held and sold that piece of paper. These trusts are a type of (shadow) bank that manage this risk.
- thedudeabides5 3y agoYes, a trust is a non-bank financial institution that is responsible for packaging risk or directly extending credit to for example, local real estate / development projects.