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J.P. Morgan To Acquire A 19.9% Stake In Bridge Trust

Source: National Business Daily, ChinaScope Financial (Data)

+ It was reported on March 21 that J.P. Morgan has submitted a proposal to regulators regarding the acquisition of a 19.9% stake in Bridge Trust Co., Ltd. The proposal is expected to be approved in the second quarter at the earliest.

+ So far, Bridge Trust has issued more than 300 trust products, with a value of CNY 50 billion, and returns to investors of CNY 3 billion. All the matured trust products have been cleared in time, with 100% principal and interest payments.

Summary of Bridge Trust's Business