China Orders Audit of $3 Trillion Trust Industry

The video discusses regulatory crackdowns in China, focusing on the trust fund industry's exposure to the property sector and the resulting financial instability. It highlights the National Audit Office's investigation into risky loans and the challenges faced by the domestic semiconductor industry, including anti-graft probes. The video underscores the concerns of Chinese leaders regarding financial stability and the effectiveness of national investments.

What was the main reason for the regulatory crackdowns on the trust fund industry?

• Increase in foreign investments

• Exposure to the troubled property sector

• Technological advancements

• Unexpected economic growth

What action has the National Audit Office taken regarding the property sector?

• Provided subsidies

• Increased interest rates

• Launched an investigation

• Reduced taxes

What are trust firms required to do as part of the investigation?

• Report risky loans and disposal plans

• Increase their loan amounts

• Expand their operations

• Hire more employees

What has been a significant issue in the domestic chip industry in China?

• Overproduction of chips

• Failure to achieve expected success

• Insufficient national investment

• Lack of government support

What has the anti-graft watchdog focused on in the chip industry?

• Increasing production

• Expanding international markets

• Investigating fund misallocation

• Developing new technologies